Amazon gift cards are ideal for any occasion and can be used to shop for thousands of products online. These versatile gift cards come in different designs with the option of sending a personalized message to the recipient. But what if you have an Amazon gift card that you don’t want to use or would prefer to have your gift card balance in your bank account?
Transfering your Amazon gift card balance to your bank account is easy. First, visit the Amazon pay website, select “shoppers,” and sign in. Next, select “withdraw funds” and choose your bank account. Next, select the amount you want to transfer and complete the transfer.
When you don’t want to use your Amazon gift card for purchases on Amazon, you can transfer money from the gift card to your bank account. Some months may seem longer than others, and you may have extra bills. Transferring your gift card balance to your bank account lets you use the cash for something you need and is a convenient way to use your Amazon gift card.
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What Types Of Gift Cards Does Amazon Have?
Amazon has three main types of gift cards. These include physical gift cards, print-at-home gift cards, and e-gift cards.
Physical Gift Cards
Physical Amazon gift cards can be purchased at various stores or on the Amazon website, can be reloaded, and are eligible for free one-day shipping. Physical gift cards come in multiple designs, have seasonal and celebratory themes, and come in a gift box.
Print At Home Gift Cards
Amazon print-at-home gift cards are purchased from the Amazon website and, once purchased, can be given to the gift recipient.
eGift Cards
eGift cards are electronic gift cards that can be sent by email or text to the gift recipient. These gift cards can be purchased from Amazon, can be personalized, and are an excellent option for those who prefer instant digital gift cards.
How To Transfer Amazon Gift Card Balance To Bank Account?
Amazon has a few terms and conditions for using their gift cards. Transferring your gift card to your bank account is relatively easy and can be completed in a couple of simple steps. It is also possible to transfer your gift card balance from Amazon to your debit card.
Transferring your gift card balance to your bank account:
- Log into your Amazon pay account. Next, log into your Amazon pay account and click on the “Shoppers” option.
- Look for your Amazon pay balance. Once you’ve selected your “amazon balance,” look for the withdraw button and select the bank account to which you want to transfer your gift card funds.
- Finish the transfer. Complete the transfer. The transfer should reflect in your bank account within a week.
Can You Exchange Amazon Gift Cards For Cash?
According to Amazon’s gift card terms and conditions, you cannot convert an Amazon gift card to cash. Amazon also stipulates that you cannot sell or exchange gift cards for cash. Amazon gift cards are also not permitted as payment for goods or services.
Although Amazon stipulates that Amazon gift cards cannot be exchanged for cash, there are a few online sites you can sell your Amazon gift card for money; these include:
- eBay. eBay is one of the online marketplaces and a great place to sell your Amazon gift card. Create a listing and wait for someone to purchase it.
- Raise. List your gift card on Raise for a little less than its value, and other customers can purchase it.
- Reddit. Reddit has a subreddit for gift card exchanges, including Amazon gift cards. You can trade in an Amazon gift card for cash on this subreddit.
- Craigslist. You could try to sell your Amazon gift card on craigslist. The only downside to selling your amazon gift card on craigslist is that you’ll need to sell it for less than its value, so you’ll end up with less cash than you expect.
While the above methods are a good way of exchanging your gift cards for cash, it’s not advisable to do so. It is much easier to transfer your amazon gift card balance into your bank account.
Is It Possible To Transfer An Amazon Gift Card Balance To PayPal?
It isn’t possible to transfer an Amazon gift card balance to your PayPal account, but you can add your gift card to your PayPal account. This may sound complicated, but this is the only way to convert Amazon gift card to Paypal.
- Log in to your PayPal account
- Click on wallet
- Select the option to link a debit or credit card
- Select the option to add the card manually
- Enter the card’s details, including the card number, CVV, and expiry date
- Once the card details have been added, your Amazon gift card will be loaded onto your PayPal account.
Should You Cash Out Your Amazon Gift Cards?
Cashing out your gift card remains a personal choice, but Amazon gift cards work best when they are used to make purchases on Amazon. However, when you want to cash out an Amazon gift card, there is a slight loss in the value of the gift card, especially when selling it for cash.
If you don’t want to keep your Amazon gift card and would rather use the value of the gift card to pay bills or save it for a different purchase, it’s acceptable to cash it out instead of using it.
➜ Read: How to check your gift card balance
FAQs About Amazon Gift Cards
Can Amazon gift cards be used anywhere? Amazon gift cards can be used on the Amazon website, but can they also be used in stores? If you have an existing balance on your Amazon gift card, can you transfer them to another account?
Can Amazon Gift Cards Be Used In Stores?
You can only use your Amazon gift card to buy items from Amazon’s online store, Amazon physical stores, and Amazon whole foods market.
There are no physical stores that accept Amazon gift cards, but there may be some online retailers that accept Amazon gift cards. These include Bambi Baby, Allurez, and Nine West.
Do Amazon Gift Cards Expire?
Amazon gift cards issued after the 1st of October 2005 have no expiration date. However, your Amazon gift cards should be loaded onto your Amazon account as soon as possible so your gift card balance can be reflected in your account. Once reflected, it will be readily available for you to use on your next Amazon purchase.
How To Transfer Amazon Gift Card Balance To Another Account?
If you have an Amazon gift card, you’ve probably wondered how you transfer a gift card balance on Amazon to another account. Unfortunately, according to the terms and conditions of Amazon gift cards, you cannot transfer your amazon gift card balance to another account.
If you don’t want to use your Amazon gift card balance, you can contact the Amazon help center directly to help assist you in transferring your Amazon balance and provide you with other options for how you can use your Amazon gift card.
Conclusion
Despite Amazon being an online retailer with many different products on offer, you may feel that you don’t want to use your amazon gift card and would prefer to cash out the balance. Amazon gift card balances can be transferred into your bank account in a few easy steps and are the perfect solution if you need extra cash or would prefer having money in your bank account than in your Amazon account.