7 Ways to Transfer Amazon Gift Card Balance to Bank Account

February 21, 2024
How to Transfer Amazon Gift Card Balance to Bank Account

Are you wondering how to transfer Amazon gift card balance to bank account

To your disappointment, you cannot directly transfer your Amazon gift card balance to your bank account, as Amazon protocols do not allow users to use it on other websites. However, you can transfer your gift card balance indirectly, which may take some time but allows you to reap the benefits of the gift card.

There are some reseller websites where you can easily sell gift cards for PayPal, bank transfer, or cash. Read this blog to learn more about the methods for cashing out your Amazon gift card balance to bank account.

Can You Transfer Amazon Gift Card Balance to Bank?

Yes, you can transfer your Amazon gift card balance to the bank, but in an indirect way. These gift cards are specifically created for utilization on the Amazon website or its associated platforms. 

But do not worry, you can still transfer Amazon gift card balance to bank account in non-direct ways such as posting on Reddit, visiting card reseller websites, and many more. 

Continue reading to learn how to transfer Amazon gift card to bank account using seven simple steps.

Also Read: Multiply Your Returns on Investments with How2Invest

How to Transfer Amazon Gift Card Balance to Bank Account?

There are seven methods for transferring Amazon gift card balances to bank account. Let’s dig into these methods one by one.

Transfer the Gift Card Balance to Your Amazon Pay Balance

The first method for how to transfer Amazon gift card balance to bank account is by transferring the balance to the Amazon Pay balance. Follow the steps below to learn exactly how to do it.

  • Use your Amazon account to log in.
    Amazon Pay Login
  • Choose the option for Gift Cards.
  • Click on Redeem Amazon Gift Cards.
    Redeem Amazon Gift Cards Option
  • For Amazon email gift cards, enter the coupon code and click Apply to your balance, or click the Add to My Account link in your email.  
  • Your Amazon Pay account will display the remaining balance on your gift card.
  • The next step is to transfer money from Amazon Pay to your bank account.
  • Visit Amazon Pay now.
  • Press the Send Money button.
  • Enter your bank information and click the To Bank option.
  • Click Pay Now.

Make sure you execute all the above-mentioned steps carefully without missing out on any.

Post on Reddit

Do you know that the Reddit community or Subreddits can help you with transferring your Amazon gift card to bank account or converting it into cash or PayPal?

Follow the summarized steps mentioned below to learn how to transfer Amazon gift card balance to bank account or cash.

  • Examine the guidelines for the sale of gift cards that moderators share on these subreddits.
  • Determine your price based on this information.
  • To sell Amazon gift cards rapidly, negotiate with possible customers.
  • Send the gift card to the buyer once the terms of payment have been agreed upon.

There are two drawbacks to this method, firstly you will have to check if the Subreddit is working or not, often people complain about the server being down. Secondly, you will only get 70 to 80% of the Amazon gift card price after selling.

Visit Card Reseller Websites

One of the best ways to learn how to cash out Amazon gift cards is by selling them online on the card reseller websites. You can either get the money in cash or your bank.

Follow the steps mentioned below to sell your Amazon gift card.

  • Register for a profile on the website of your choice.
  • Decide on a payment option.
  • Post your gift card for sale on the Internet once your account and payment mechanism have been set up. The value of the gift card, its expiration date, and other pertinent information must be entered.
  • After that, you’ll need to wait for the purchaser. The website will email you or alert you through your account dashboard when someone purchases your gift card. 
  • Confirm the transaction and provide the gift card code to the customer.

The website will transfer money to your account as soon as the buyer gets and authenticates the gift card code.

Connect With Amazon Customer Support

One of the simplest ways to transfer an Amazon balance to a bank account is to seek advice and assistance from Amazon Customer Service.

Here’s how to get in touch with the customer service.

  • Open your Amazon account and log in.
    Amazon Pay Login
  • Select Customer Service.
  • Select Gift Cards, Charges, or Payments.
  • Select Problem with a Gift Card.
  • Choose Unable to Use Gift Card, then adhere to the on-screen instructions.
  • Click on Need more help? to browse other topics.
    Click on Need more helpss
  • You can also search their help library, chat with Amazon customer service agents, or request a call.

Amazon Support personnel can best guide you on how to cash out Amazon gift cards.

Sell Your Gift Cards to Your Family, Friends, or Colleagues

Do you know that transferring your Amazon gift card balance to a bank account isn’t that tough, if you have a good number of friends and family?

Yes, you can easily ask any of your friends to exchange an Amazon gift card with cash or for a bank transfer. 

This way, you would be able to get the full amount of your gift card, and no one would be at a losing end. Moreover, if this does not seem to be a choice in that case, you can post about the card online and let people connect with you to purchase it, and you can decide on the payment mode.

Purchase Digital Gold

One out-of-the-box way to transfer Amazon gift card balance to bank account is by purchasing gold with the Amazon gift card and then converting it into cash or bank transfer.

To learn how to buy digital gold from an Amazon gift card, read the steps mentioned below.

  • Open the Digital Gold tab after launching the Amazon Pay app.
  • Click on the Invest tab. Enter the required conversion amount in the field located under the Current Gold Price section.
    Invest Tab
  • Click Proceed to Buy once you read and agree to the terms and conditions.
  • You may be required to enter an OTP number or provide identification verification.
  • Now to sell your digital gold, return to the Digital Gold menu
  • Click on the Sell option that appears on the dashboard. Next, Select Current Price and confirm the transaction.
  • The funds should be transferred to the linked bank account.

This is how to cash out Amazon gift cards and use them for purchasing gold.

Sell at Exchange Kiosks

Whether you have a bundle of gift cards on which dust has been deposited or an Amazon gift card, you can easily sell it on Kiosks exchange and receive payments in the method of your choice.

  • Initially, locate a trustworthy gift card exchange station that takes Amazon gift cards. 
  • After that, visit the kiosk with your Amazon gift card and input the code. You can get a price for your card from the kiosk. 
  • Next, you will be paid in cash or store credit if you accept. 

Kiosk exchange is one of the most convenient and fast ways to convert your gift cards to flowing funds. 

This precisely answers the question “Can I transfer Amazon gift card balance to bank or other platform?”. These are the seven methods by which you can transfer Amazon balance to a bank account. It depends on your free will which method you find convenient to use.

Also Read: Does Taco Bell Take Apple Pay? Everything You Need to Know

Types of Amazon Gift Cards

Before knowing how to cash out Amazon gift cards, it’s better to gain knowledge of different kinds of Amazon gift cards, as their cash-out and redeeming methods might vary. 

There are precisely three kinds of gift cards offered by Amazon, which are as follows.

Print at Home Gift Cards

This card is also known by the name DIY Amazon Gift Card. These are printable cards that can be received in PDF format and printed at home. The price ranges between $1 to $2000.

Give a loved one the ideal present without having to worry about shipping or delivery schedules with Printable Gift Cards. Furthermore, they may be used at any Amazon store, giving the recipient complete control over anything they want. You can also choose to include a private message with it.

Physical Gift Cards

Physical Gift Cards

These cards are very popular on Amazon because they are tangible and come in a variety of colors and sizes. You can purchase it from Amazon’s official website and what is amazing is that it does not have any expiration date. The price ranges between $50 to $2000 for this card.

You can easily buy an Amazon physical card by following these steps:

  • Open Amazon.com and navigate to the top navigation bar to select the Gift Cards option.
  • From there, you can choose the desired denomination ranging from $50 to $2,000 based on your preference. 
  • After providing all the necessary information, click on the Add to Cart button and proceed to the checkout process. 

Once your payment has been successfully processed, the Amazon Physical Gift Card will be sent to the specified address without any additional delivery charges.

E-Gift Cards

Amazon E Gift Cards

If you are looking for a paperless digital card then, Amazon’s E-Gift card is the best option for you. Whether you want to send a last-minute gift to your friends or family or a Thanksgiving card to your boss, it fits everyone’s needs.

  • To obtain your e-card, simply select the ideal e-gift card from the Amazon e-gift card page. 
  • Specify an amount ranging from $20 to $150 and include a personalized message. 
  • Then, select the delivery method and date you want your gift card to be sent. 
  • Finally, click the send button, and your eGift card will be delivered quickly.

Also Read: Does Chick fil A Take Apple Pay? A Complete Guide

Benefits of Using a Bank Account for Transferring Amazon Gift Card Balance

Do you know that transferring your Amazon gift card balance to bank account has several advantages? Let us look at some of them.

  • One advantage of making a withdrawal through a bank account is that there are no costs involved, and the gift card balance is not debited during the process.
  • It is one of the most secure and convenient ways to transfer  Amazon gift card balance to bank account.
  • Recipients can easily access their money with an ATM card, debit card, or checkbook.
  • Additionally, you are free to use the remaining balance on your Amazon Gift Card without waiting for delivery.

The transferred amount usually reaches your recipient’s bank account after three business days, but it can take up to two weeks.

How to Redeem an Amazon Gift Card on the Website?

Many people find it difficult to redeem Amazon gift card balance to bank account via the website, go through the steps mentioned below to do so.

  • You must use your computer or laptop to log into your Amazon account to redeem an Amazon gift card online.
  • Click Account & Lists from the menu after logging in.
  • Select the Gift Card Balance option.
  • After selecting Redeem a Gift Card, enter your redemption code. In addition, by inserting a new redemption code, you can view all the details regarding your past redemptions.
  • Now, click the Apply button.
  • The balance of your free or bonus gift card will be added to your Amazon account.

Also Read: Does Sam’s Club Take EBT? [Complete Guide]

The Bottom Line

To conclude, now you are well acquainted with how to transfer your Amazon gift card balance to bank account. This process is similar to how you add an Apple gift card to your wallet.

If you want to spend your Amazon gift card except on the products offered by Amazon like at gas stations, food stores, or households, you can now easily convert them in paper form. You can easily convert these cards into paper cash by selling them online or to someone who needs it. 

FAQs

Ans: There are two ways to cash out Amazon gift cards into cash, firstly you can sell them online on various platforms that are made to exchange gift cards. Second, you can exchange Amazon gift cards for cash with any of your friends.

Ans: No, you cannot directly transfer an Amazon gift card to PayPal. They both have different payment systems and networks. However, some systems allow you to pay via PayPal with an Amazon gift card.

Ans: The balance on an Amazon gift card never expires. Your Amazon gift card balance is yours to spend however you see fit, and it can be used for any Amazon purchase. Your balance will not run out; instead, it will be available for use whenever you are ready.

Ans: Gift cards from Amazon can only be used for Amazon goods and services. Kindle, Amazon Fresh, Amazon Marketplace, and Amazon Prime are some of these services.

Ans: The balance of an Amazon gift card cannot be transferred to another account. Sending an eGift Card to the intended Amazon account is an option, but it is not feasible to transfer the balance of your Amazon gift card directly.

Ans: Yes, it is feasible for you to deposit multiple Amazon gift cards simultaneously.

Sources:

1. How to transfer Amazon Pay Gift Card balance to a bank account by Reddit

2. Ways to convert Amazon gift card balance to cash / make money shopping for others? by Reddit

3. Amazon Pay by Wikipedia

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