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 the time of writing this article, you can’t transfer a gift card balance into money on Amazon anymore. However, there are some ways you can work around this. In this guide, we’ll show you a few tricks for how to transfer Amazon gift card balance to a bank account.
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. There are several retail shops that sell Amazon gift cards.
On Amazon, you can purchase a physical gift card, and it’ll 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 that 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, uber, and so on. This is a great way to make a more personalized gift.
How to Transfer Amazon Gift Card Balance to a Bank Account
You may have found several websites showing you how to transfer your Amazon gift card balance to your bank account. However, the method usually involves going to 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 required by law.
- 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 as long as you haven’t redeemed it yet. You can either sell to someone you know or on websites.
Here are a few examples of gift card exchange websites and marketplaces:
Raise
This is one of the safest websites to exchange your Amazon gift card for money since it has seller protection. The site usually verifies your gift card’s serial number before approving it for sale. The payment options include direct deposit, PayPal, and check. It allows you to buy and sell gift cards from a variety of retailers and also offers a trading platform where you can swap gift cards with other users.
However, you’ll most likely have to sell at a discounted price, and the website also takes a percentage of the sale (around 15%) as a commission.
Buy Back World
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.
eBay
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.
Other places to sell your Amazon gift card include Gamelist and on social media 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
Another option you have is to purchase an item from Amazon and resell it for money. With this method, you can even choose to sell the item a little higher to make some profit. It’s better to find someone to buy the item before you purchase it with your gift card to be on the safer side.
You can also sell the item on eBay, Craigslist, or on social media platforms like Facebook and Reddit.
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.
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, and they cannot be redeemed for cash or transferred to another account, including PayPal.
You also can’t transfer an Amazon gift card balance to a cash app.
What you can do is link your gift card to your PayPal wallet:
- Go to your PayPal account
- Navigate to your wallet.
- Click on link 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 how you use your gift cards.
Wrapping Up
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, we’ve shown you how to transfer Amazon gift card balance to a bank account by selling the gift card or purchasing an item and selling it.
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Chris is a spreadsheet expert and content writer for Productivity Spot and Spreadsheet Point. He has a double Bachelor's Degree in Teaching and has been working in the education industry for over 11 years. His experience makes him adept at breaking down complex topics so that everyone is able to understand.
