Do you want to know how to convert Mastercard gift cards into cash?. Mastercard gift card is one of the best gift cards, you can use it to purchase anything in any retail store that it’s acceptable.
But you might want to liquidate to cash instead, then you start looking for how to transfer the balance to your bank account or how to withdraw the money from your Mastercard gift card using ATM.
Mastercard gift card is one of the best and most popular gift cards, it can be used to buy merchandise and services anywhere Debit Mastercard is accepted. This makes it a perfect and safer gift for everyone. You might prefer cash instead and wants to exchange the MasterCard gift card for cash.
In this article, we’re going to suggest some of the ways how to convert your Mastercard gift card to cash, how to withdraw money from your Mastercard gift card using ATM, and how you can transfer your Mastercard gift card to your bank account.
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How to convert Mastercard gift card to cash
You can exchange the card for cash in any of the following ways.
Selling the gift card through website
Some websites like MyGiftCards+, Giftcard Zen,Prepaid2Cash and Cardpool, will likely buy your Mastercard gift card in exchange for cash. In some situations, these websites will even send you prepaid postage that you can use to send the gift card to them. if your gift card is a digital card , some websites will buy it immediately.
To do this You have to make sure you do thorough research and search for reviews about the website before trying to make a deal with them.
These websites might likely give you just a percentage amount of the mastercard gift card value, but it’s a good percentage if you need the cash.
Selling your gift card on mobile app
Many buying companies also offer mobile apps from where you can sell your Mastercard gift card. For instance , Raise has a mobile app on which you can just sell your gift card.
The only thing you need to do is download the app and send your Mastercard gift card card. Then, you can choose the mode of payment you would prefer, PayPal or check. Note, the company will take 15% of the card is value as their commission.
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List it on eCommerce platforms
you can also list your Mastercard gift card on eCommerce platforms like eBay, Facebook marketplace, craigslist.
This option, you can sell the card at the same price as its worth, unlike the other websites which take a significant cut of the total Worth. But if you want to sell it fast, you can consider making the price slightly lower than the worth.
You can even make a profit considering this option, if only you’re ready to put in the effort. With Retail arbitrage, you find items that are discounted in retail stores buy them and resell at higher price on other marketplaces.
Can I use Mastercard gift card at an ATM?
Mastercard Gift Cards cannot be used at ATMs nor can you get cash back from any of your purchases.
Mastercard gift card can be use anywhere Mastercard debit card is accepted, but if you’re looking for a way to convert a Mastercard gift card to cash you should use any of the options suggested above.