Which stores allow you to do this will vary by region. You can use prepaid Visa or Mastercard gift cards to purchase money orders at Walmart and various grocery stores. There are a lot of things to consider before buying money orders. Warning: While this is an option, it is generally not one I recommend for most people. Instead of writing a check, consider gifting one of these gift cards. Since the most profitable prepaid Visa or Mastercard gift cards to buy are usually in $100, $200 and $500 denominations, they tend to be too much to give as gifts. With that said, special occasions such as weddings and graduations often warrant larger gifts. eBay is also your friend when it comes to gift card deals. Many stores also offer fuel and other rewards for the purchase of merchant gift cards which can help to stack the savings. I generally don’t recommend stockpiling merchant gift cards, but if you find a gift card deal for a merchant that you frequent often, it can be a great solution. You can use prepaid Visa or Mastercard gift cards to purchase merchant gift cards at almost every major retailer and on eBay via PayPal. We often cover deals for merchant gift cards on sale for up to 20% off. Merchant gift cards have become big business. We have yet to see if, and how, it will be enforced. There has also been a memo sent out discouraging this practice. US Bank Visa gift cards and Metabank Mastercard gift cards are not having issues. Update 12/19/20: Metabank Visa gift cards are having issues at Walmart. Here is a detailed work around that works at some stores, but not others. Make sure to tell the cashier you are using a debit card if paying at the register. Mastercard gift cards often run as credit and thus can be problematic at Walmart. In Walmart stores Visa and Mastercard gift cards can be loaded at any register although some stores require you to go to the Mone圜enter. (Vanilla Visa gift cards will not work at Walmart in transactions of $50 or more.) If you aren’t familiar with GoBank, it is an alternative prepaid card/account that can be loaded the at Walmart registers in the same manner as Bluebird. You can load most Visa and Mastercard gift cards to your GoBank cards at Walmart. Billers like utilities who normally accept credit cards for payments, will often accept them as well. Visa & Mastercard gift cards are accepted for purchases anywhere that traditional Visa or Mastercards are accepted. Tip: Sign-up for Plastiq through our referral link and get $500 worth of payments fee-free after you make your first payment.Īdditionally, you could pay normal bills or do your local shopping with these cards. (UPDATE as of 1/1/20 Plastiq will no longer accept gift cards as a form of payment). Unfortunately Visa & Mastercard gift cards, despite being pin-enabled, are treated as credit cards with Plastiq meaning they incur a higher fee. Companies like Plastiq allow you to pay certain bills including many mortgages with credit cards. Perhaps the most obvious way to dispose of the cards is by using them to pay your bills. Ways To Liquidate The Cards Pay Your Bills By combining discount promotions and bonus points earned by using certain credit cards, buying Visa or Mastercard gift cards can be lucrative. Discounts can often wipe out the purchase fee for these cards and allow the purchaser to make a modest profit.Īdditionally, some credit cards pay up to 5x points/cash back at many of the stores which sell Visa or Mastercard gift cards. Many people purchase Visa or Mastercard gift cards at a variety of stores during promotions which offer increased rewards, instant discounts or mail-in rebates. Why Purchase Visa or Mastercard Gift Cards With that said, there are plenty of options for liquidating or spending down the cards. This is an up to date resource describing some of the best ways to liquidate or spend down pin-enabled Visa or Mastercard gift cards which can be purchased at a variety of retailers including: office supply, drug and grocery stores.Įven those these cards are pin-enabled (see packaging for instructions on setting the pin), they cannot be used at ATM machines for cash withdrawals or for cash back transactions. Resource – How to Liquidate Visa/MC Gift Cards Resource – How to Liquidate Visa/MC Gift Cards.
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