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How realistic is it to get cash from a gift card

Many people prefer to give certificates instead of money or things, which can be used to pay for goods in a particular store or pay for a certain service with them. Convenient, isn't it? But even here it is not always possible to guess. A person simply may not need a product or service available under a certificate. But cash is always handy. However, is it possible to withdraw money by cashing out a gift card? Next, we will find out the answer to this question, as well as what pitfalls the owner of a gift card may face.

The answer is "no"

According to an annual survey, gift certificates are ranked fourth in the top ten most popular gifts. Gift cards are presented for every taste, color, and wallet in clothing, footwear, and jewelry stores, in beauty salons, and even in grocery chains. They can be purchased electronically and online. Some retailers are ready to personalize the certificate or card and allow you to choose its design. However, despite the advantages, there are also disadvantages. It is not possible to cash out a gift card. Its replenishment in most cases is also not expected. You can't exchange either. Unfortunately, this is true. Any gift cards, even if they have a PIN code, are not cashed. But they should not be confused with Visa prepaid cards. They can outwardly repeat a gift card, but you can withdraw money from it at an ATM, and use it in transactions to return money to the seller. To know exactly which card you have, read the information on the back of the card.

A gift card and cashback

If you can’t cash out a gift card, then it’s quite possible to withdraw the accrued cashback from it. But this concerns, the rule, cards of a closed type (which can only be used in one store.

Can I cash out a gift card that has a PIN?

Today, the trend of making gift cards with a PIN code is very common. And accordingly, the question arises, is it possible to insert such a card into an ATM and withdraw money instead of a product/service? It turns out that such an opportunity is not provided, and the PIN code is needed to pay with the money credited to the gift account.

Sell what is intended for you with a gift certificate

There is one mechanism when people buy a product or service with a card, and then resell it at a better price or return it to the seller. Only return the goods to the seller within the specified time. Returns are subject to the same rules that apply to goods purchased with cash. In the event of a return of an item, you must return the money for it, and not pay with certificates. By the way, this rule also applies to goods of good quality, which are not subject to exchange and return if a defect is detected by the buyer.

The doubtful solution to the problem, but worth a try

You can wait for the certificate to expire and demand that the seller return the money, citing the fact that this is unjust enrichment.

Alternative options

You can also give a friend a gift card you don't need. This way you save on gifts. We also offer to push through a goodwill gesture and donate the card to those in need.

You can also sell a gift certificate and get cash out of it. On the site https://sellgift.cards/, you will find many sellers willing to sell their gift cards.

Keep in mind that it is unlikely that you will be able to cash out the entire face value of the card. Offer a discount of about twenty to thirty percent. Arrange a meeting with the client, preferably after he visits the store. Evaluate its adequacy so as not to be left with unnecessary goods on hand or, even worse, without goods, without a card, and without money. Allow the client to choose a product, and only after that start negotiation on cashing out the card - in this case, he will have more desire to make a deal, and you will be able to name a larger amount than if you immediately started talking about the price of the issue.