How to Transfer Amazon Gift Card Balance to Bank Account
Amazon gift cards are a popular and versatile gift, but sometimes they’re not as useful as they seem. While they make online shopping on Amazon a breeze, there’s little use for them when pressing financial needs arise. In such situations, Your Amazon gift card balance feels like a treasure locked away. Sure, you can spend it on Amazon, but what if your priorities lie elsewhere such as paying off a bill, buying groceries, or saving for a future expense? Cash on hand is much more useful and flexible than your balance stored in an Amazon gift card. If you’ve ever wished to turn a gift card balance into cash, you’re not alone. Thankfully, there are straightforward ways to convert your Amazon gift card funds into money you can use anywhere, anytime.
Can You Directly Transfer Amazon Gift Card Funds to a Bank Account?
Yes. If you've got Amazon gift cards on hand, you can turn those gift cards directly into cash and have them sent to your bank account. To do so, redeem the gift cards you have in your possession equivalent to the amount of cash you want transferred to your bank account. Once you've redeemed the gift cards and topped-up your Amazon account with balance, you can transfer the balance directly to your bank account and take out the cash.
Best Ways to Transfer Amazon Gift Card Balance to Bank Account
There are a lot of ways to turn your Amazon gift cards into cash and have it sent to your bank account. But some methods are not very reliable which is why we would recommend to never share gift card codes with untrusted sites/people or social media groups (WhatsApp, Telegram, or Reddit). Let's discuss some of the most reliable ways to transfer your Amazon gift card balance to your bank account in detail.
Sell Amazon Gift Cards on BuySellVouchers
To convert your Amazon gift cards into money, you can sell them to people who want them. This can be done easily with the help of a third-party gift card marketplace like BuySellVouchers!
Step 1: Create an Account on BuySellVouchers
To begin, visit the BuySellVouchers marketplace and sign up for a free account. Provide your email address, choose a strong password, and complete the registration process. Verify your account through the confirmation email sent to your inbox.
Step 2: Familiarize Yourself with the Platform
Once registered, explore the platform to understand how it works. Visit the seller’s section to check other listings for Amazon gift cards. This will give you an idea of pricing trends and help you set a competitive price for your cards.
Step 3: Make a Seller Account
Once logged in, navigate to the bottom of the BuySellVouchers website and select the Sell Gift Cards option. From the following page, click on Start Selling
Provide any identification document from the given options and select the country it was issued for. Proceed with the process until it is complete.
Once all information has been checked and processed, you'll be given access to your own seller account.
Step 4: Listing the Amazon Gift Card for Sale
• After the creation of your seller account, you can list an Amazon gift card for sale from your dashboard. Click on “Add New Product” and select the Amazon gift card category.
• Provide Details:
- Set your selling price. Consider offering a slight discount to attract buyers quickly.
- Provide any additional details about the gift card if required (description, image, value, etc).
• Assign payment methods to where the buyer will send you payment for the gift card.
• Wait for a buyer to purchase a gift card.
• After the buyer has paid for the Amazon gift card, you will provide them with the gift card code.
Pros
• No Amazon account is required
• Can exchange Amazon gift cards directly for money without redeeming them
• Can turn Amazon gift cards into crypto
• Low seller fee (1.3%)
Cons
• Need to make a seller account on Buysellvouchers
• Selling Amazon gift cards can take some time
Transfer Gift Card Balance with Amazon Pay
To transfer your gift card balance to your bank with Amazon Pay, follow these steps:
• Go to the Amazon Pay page.
• Sign in to your account
• Select Gift Cards from the menu
•Select Redeem a Gift Card on your gift card dashboard
• Enter your voucher code and click Apply to Your Balance
• Go back to the previous menu and select Your Payments
• Click on Send Money and choose the bank option
• Enter your bank account details and tap on Pay Now
Pros
• Convenient and fast checkout
• Secure transfer
Cons
• Requires an Amazon Pay account
• Amazon Pay isn't available in every region
Place & Cancel an Order on Amazon
Your Amazon gift card balance can also be transferred to your Bank account by initiating and canceling an order on Amazon. When checking out with an item on Amazon, you can pay for it using an Amazon gift claim code. But if you cancel or refund the order, the amount you paid for the product will be deposited into your Amazon balance. You can then transfer the balance back to your bank account.
Pros
• Can transfer the balance directly to your bank account
• Safe and secure transfer
Cons
• Requires a lot of effort to transfer the balance to your bank
• Requires an Amazon account
• Getting your balance added to your bank can take time
• If repeated incidents occur, Amazon may begin investigating your activities
Exchange Your Amazon Gift Card for Cash with Friends
Trading your Amazon gift cards to your friends for cash is also a valid solution. If you have friends that use Amazon frequently, chances are that they would be willing to buy Amazon gift cards, especially if they're being sold by a friend. But you might not always have a friend that wants an Amazon gift card so searching for one can take some time. You can also directly transfer the Amazon gift card balance to your friend in return for cash.
Pros
• Gift cards can be sold directly for cash
• Can be sold instantly
Cons
• Searching for friends that might want Amazon gift cards can be difficult
• A friend may only want some of your gift cards instead of all you have
Comparing All the Methods to Withdraw Amazon Gift Card Balance to Your Bank Account
Conclusion
Don’t let your Amazon gift card balance go to waste. By taking a few practical steps, you can transform those funds into something flexible and useful. Stop letting your money gather digital dust and unlock its potential by bringing it in your bank account. Take action today and make your financial resources as flexible as you need them to be.