Is it possible to transfer an Amazon gift card to a bank account? Gift cards are a great option to gift to someone since they can choose what they want to buy themselves. Amazon has a variety of gift cards that you can use, but what if you have something else you’d rather use the money for?
At least for now, you can’t transfer a gift card balance into money on Amazon anymore. However, there are several ways you can work around this. In this guide, we’ll show you a few tricks for transferring your Amazon gift card balance to a bank account.
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How To Transfer Amazon Gift Card Balance
While you used to be able to transfer a balance from an Amazon gift card, this is no longer possible. The best way to transfer an Amazon gift card balance is to sell the gift card in exchange for money. There are plenty of websites where you can sell your Amazon gift card, including Gameflip, Buybuckworld, eBay, Craigslist, and social media.
What Types of Amazon Gift Cards Can You Buy?
There are different kinds of gift cards offered by Amazon that you can use to purchase products on its website. Here are some types of Amazon gift cards that are commonly available:
Amazon eGift Cards – These are digital gift cards that are sent via email or text, and you can use them immediately.
They’re usually bought straight from the Amazon website or app. You can tap on the gift card in your email and choose “Apply to your Amazon account” to redeem it. They also come with a claim code that can be copied and pasted into Amazon to redeem the gift card.
There are hundreds of e-gift cards on Amazon with different gift card designs for different occasions and limits.
Physical Amazon Gift Cards – These are physical cards that you can buy online or in-store and can use as a credit or debit card at checkout. Several retail shops sell Amazon gift cards, such as 7-Eleven, Publix, and Food City.
On Amazon, you can purchase a physical gift card, which will be delivered to the specified address. In some stores, you can even choose a gift card that can be loaded with any amount that isn’t fixed, from $25 to $500.
To redeem the gift card, all you need to do is type in the code on the website or app and redeem.
Amazon Prime Gift Memberships – You can also buy a membership to Prime as a gift card on Amazon. All you need to do is choose the membership period, go to checkout, and enter the email address of the person you want to gift to. Fill in the rest of the information, and you’re done.
The gift card is sent via email on the day you schedule it, and the recipient can use it right away to access Amazon Prime. If you send it to a person who already has a Prime membership, then they can exchange it for a regular Prime gift card.
Non-Amazon Gift Cards – These are gift cards you can use to purchase products from other retailers on Amazon’s website. You can find gift cards for stores like Starbucks, Apple, Best Buy, and Uber. This is a great way to make a more personalized gift.
Transfer Amazon Gift Card Balance to Bank Account: How it Works
You may have found several websites showing how to transfer your Amazon gift card balance to your bank account. However, the method usually involves visiting your Amazon app and opening Amazon Pay. You must have noticed by now that this option is no longer available.
You can try using Alexa to go to Amazon Pay from the app, but you’ll still notice that there’s still no withdrawal option.
This is because Amazon has imposed strict policies on its gift card uses, and they include the following:
- Once you’ve redeemed a gift card, you can’t transfer your Amazon gift card balance to another account
- You can’t use your gift card to buy other gift cards
- You can’t redeem a gift card for cash except as the law requires
- The gift card can’t be used outside Amazon or Amazon-related retailers
As you can see from the terms and conditions, you can’t transfer an Amazon gift card balance to a bank account. However, there are a few options you can try.
Sell the Gift Card
You can sell your Amazon gift card in exchange for money if you haven’t redeemed it yet. You can either sell to someone you know or on websites. Below, I discuss a few of my favorite ways to get cash out of an Amazon gift card. If you need to transfer amazon gift card balance to bank account, these are the best possible solution.
Ready for real-world examples? Here are a few gift card exchange websites and marketplaces.
This is one of the safest websites to exchange your Amazon gift card for money since it has seller protection. The site offers several payment methods, including sending the money via a check in the mail, ACH deposit, or PayPal. It allows you to buy and sell gift cards from a variety of retailers and also offers a trading platform where you can swap your gift card for an alternative brand.
However, you must sell at a discounted price, usually up to 92% of the card value. However, you will not know the exact figure until you get an offer via their sell page.
This is another great website where you can sell your Amazon gift card, especially since you don’t have to look or wait for a buyer. When you put in the gift card you want to sell and its value, the website will send you a quote, and if you accept it, they’ll verify it and pay you the agreed amount.
This is a quick way to sell your unwanted gift cards, and you may also be lucky enough to get a seller willing to buy it for its full value or even more. However, be wary of scammers. I still regularly hear stories about people selling fake gift cards or real gift cards with incorrect values. Fortunately, eBay offers buyer protection.
Of course, there are other places to sell your Amazon gift card. I’ve seen this done regularly at Gamelist and social media sites like Reddit. Just beware of the policies regarding doing this; otherwise, you risk the gift card being canceled by Amazon.
Purchase an Item and Resell it
The best way to get the most value out of an Amazon gift card is always to use it for purchases. That gives you the full value, and you end up with an item you can sell. With a little skill, you can find deep discounts on popular items. Then, use Facebook marketplace or eBay to resell the item for a profit.
In fact, there’s a whole industry around this type of arbitrage. It’s called drop shipping. That’s where you find a buyer before you even purchase the item. Then, you just have the item shipped to your buyer directly. There are many resources on drop shipping, and you can turn this into a money-making enterprise with enough ingenuity.
Those looking to transfer an amazon gift card balance to a bank account should consider this option. Unlike card swap sites, you don’t need to pay a surcharge to get the most value. You just need a little patience and a little luck. Then, you can sell the item on eBay, Craigslist, or social media platforms like Facebook and Reddit.
Where to Find Discounts on Amazon
So where do you find discounts if decide to purchase an item and resell it as a way to transfer your Amazon gift card balance to cash? I’ve compiled a few of my favorite resources. Check these to see current prices for popular items. Then, sell what you purchased to essentially transfer your Amazon gift card to cash.
The Deals Section
Start by checking the daily deal section on Amazon. That’s where I usually start my search. And remember, I check for popular brands that appeal to broad audiences. Find one of those at a discount, and you could quickly resell it instead of transferring your Amazon gift card balance directly to cash. It’s literally the next best thing.
Apple Deals and Accessories
As I discussed earlier, I usually look for popular brands. This includes Apple deals. That helps maximize the value earned from an Amazon gift card. It also makes it easier to sell. The conversion is essentially an indirect way to transfer my Amazon gift card balance to cash.
Shoe Deals at Amazon
Shoes tend to be another low-cost item that flip easily on secondary markets. Shop this shoe deal section for today’s lowest prices. Look for the most common shoe sizes to help quickly convert your Amazon gift card balance to cash. That means size 11 for men and size 7 for women.
Small Kitchen Appliances and Gadgets
Another quick option for making a quick flip is to find a deal on small kitchen appliances. The benefit here is the relatively higher prices than something like shoes. You can use more of your Amazon gift card balance, then hopefully sell your item than what you paid for it. Done correctly, this can earn you more cash than was on your original gift card.
Frequently Asked Questions
Can You Exchange Amazon Gift Cards for Cash?
According to Amazon’s gift card policies, a gift card can’t be exchanged for cash. However, If you haven’t redeemed your gift card yet, you may exchange it for cash by sending it to someone else in exchange for money. Better yet, use my guide to buy low-priced items and resell them for more money. That’s essentially how to transfer Amazon gift cards to cash for your bank account.
Can I Transfer My Amazon Gift Card Balance to PayPal?
According to Amazon’s terms and conditions, you can’t transfer an Amazon gift card balance to PayPal directly. Amazon gift cards can only be used to purchase items on Amazon’s website. They cannot be redeemed for cash or transferred to another account, including PayPal.
Additionally, you cannot transfer an Amazon gift card balance to a cash app. However, what you can do is link your gift card to your PayPal wallet:
- Go to your PayPal account
- Navigate to your wallet
- Click on the link to a debit or credit card
- Choose the manual card linking option
- Fill in the necessary information about the card
- Select “Accept“
Do Amazon Gift Cards Expire?
Typically, Amazon gift cards do not expire and carry no fees. However, some gift cards may have expiration dates or fees, depending on the specific terms and conditions set by the issuer. Make sure to check this information before you buy a gift card. This information can be found on the back of the card, on the card’s packaging, or on Amazon’s website.
Also, note that some state and national regulations may require gift cards to have a minimum validity period, so the validity of the gift card may depend on the jurisdiction you’re in.
Where Can I Use an Amazon Gift Card Besides Amazon?
You can use an Amazon gift card on Amazon-owned websites. You can buy items on other Amazon-owned websites, such as Whole Foods Market, Zappos, or Audible.
Some third-party retailers and gift card exchange websites may also accept Amazon gift cards as a form of payment. However, this depends on the store, so it’s best to check the specific details about the gift card and the retailer before making a purchase.
Can I Trade a Gift Card for Another?
Yes, there are several gift card exchange websites and marketplaces where you can trade a gift card for another. These websites allow you to buy, sell, or trade gift cards with other users, giving you more flexibility in using your gift cards.
Currently, you can’t transfer your Amazon gift card balance to your bank account, but there are still a couple of ways you can reclaim the money. In this article, I showed you a few smart alternatives. I discussed specific examples on how to get the most out of your balance, even if that isn’t a direct conversion. I discussed how to transfer an Amazon gift card balance by selling the gift card or purchasing an item and selling it.
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