How to Transfer Money from the Gift Visa Card to Your Current Account

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How to Transfer Money from the Gift Visa Card to Your Current Account
How to Transfer Money from the Gift Visa Card to Your Current Account
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Gift Visa cards have a problem: transferring your balance to a separate checking account. Some articles suggest using PayPal, but PayPal doesn't always work, as these cards cannot be verified. In this guide we will see how to transfer money from a Gift Visa card to your bank account using Square. Attention: this method will cost you a percentage of the transferred amount (details in the Tips section).

Steps

Transfer a Visat Card Balance to Your Bank Account with Square Step 1
Transfer a Visat Card Balance to Your Bank Account with Square Step 1

Step 1. If necessary, activate the Visa Gift card online on the website provided on the card

Many cards are pre-activated, so you won't have to worry about this unless the card says it needs to be activated via the site.

Transfer a Visat Card Balance to Your Bank Account with Square Step 2
Transfer a Visat Card Balance to Your Bank Account with Square Step 2

Step 2. Check your card balance

To do this, go to the website or call the number on the card. Write down the balance sheet.

Transfer a Visat Card Balance to Your Bank Account with Square Step 3
Transfer a Visat Card Balance to Your Bank Account with Square Step 3

Step 3. Create an account on Square

To do this, use the app (available for iOS (iPhone / iPad) and Android) or the website www.squareup.com.

Transfer a Visat Card Balance to Your Bank Account with Square Step 4
Transfer a Visat Card Balance to Your Bank Account with Square Step 4

Step 4. Connect your current account to the Square account

Square will deposit the amount on this current account.

Transfer a Visat Card Balance to Your Bank Account with Square Step 5
Transfer a Visat Card Balance to Your Bank Account with Square Step 5

Step 5. Using the Square app, transfer the credit of the card to your current account

The card will be authorized, the balance will return to zero, and the funds will be deposited into your checking account via Square within one business day.

Advice

  • Using Square reader, a 2.75% tax will be applied. By manually entering your card number, a commission of 3.5% + 15 ¢ will be applied.
  • This commission is used as a commission on the insurance offered by Square on receiving funds, since Visa cards do not always work during the purchase.

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