This post may contain affiliate links. Which means we may earn a commission if you decide to make a purchase through our links. Please read our disclosure for more info. You got a few Amazon gifts from your friends and colleagues.
Although you can use them to buy anything on Amazon, maybe you would rather cash out your Amazon gift card. Unfortunately, Amazon doesn’t allow shoppers to exchange gift cards for cash. You can’t even use them to buy other gift cards (i.e., Starbucks, Visa, Apple) or service subscriptions. As good as Amazon is, we didn't want to limit ourselves to Amazon
purchases. Our team reviewed several resources and compiled the best workarounds to turn your Amazon gift card balance into cash. Stick with us until the end and don’t waste time and money figuring everything out yourself! In this article
Amazon explicitly states on its Gift Card Terms and Conditions page that shoppers can’t redeem gift cards for cash. However, there are some ways to cash out your gift card balance with third-parties. Let's go through some of them now: Visit card reseller sitesEJ Gift Cards is a website that will buy your Amazon gift card. It is a quick and convenient way to get cash for your card. Here's what you need to do:
Note that you won't get the full value of your card. But we still think it's a great option if you don't want the hassle of finding buyers or experimenting with workarounds. Post on Reddit
Buy digital gold
‼ Note: Remember that the Buy rate of gold, or any currency, will always be lower than its current Sell rate. Sell to FriendsTell your friends and family that you have an Amazon gift card. Try offering the card with a 10% to 20% discount, and they might take it off your hands right away. If you don’t want to sell the gift card itself, purchase something on Amazon first. For instance, buy some cheap body soap in bulk, then sell them to your friends on social media for a small profit. This process will take a bit longer. However, you’ll get at least 100% of your gift card’s value if you buy the right products and sell them with a fair markup. However, you can bypass this limitation using Amazon Pay. The Supposed Amazon Pay Balance WorkaroundWe've seen this workaround on a few sites. Try as we might though, we weren't able to replicate this (at least not in the US). If you're desperate enough to try it though, here are the steps: 1. Add your Amazon gift card to your Amazon Pay balance
2. Move the Amazon Pay balance to an eligible bank account
How long does it take for the balance to reflect?It should take three to five business days for the funds to reflect in your account. You can contact Amazon if the money doesn’t reach your wallet, but avoid mentioning you’re trying to get cash from your Amazon gift card. How to get free Amazon gift cardsDid you successfully redeem your Amazon gift cards for cash without spending much on fees? Congratulations! Note that you can repeat the process as many times as you want, so you might want to maximize the opportunities to get free Amazon gift cards, such as:
Types of Amazon gift cardsAmazon typically offers its gift cards in three forms:
Should you cash out your Amazon gift cards?Don’t automatically convert your Amazon gift card to cash. Amazon sells more than 12 million products, from branded retail products to generic fast-paced consumer goods. You’ll likely find what you need online. For this reason, reassess why you need to cash out your Amazon gift card. Again, all the workarounds we mentioned above either take time or cost money, so you’ll get the most out of your gift card by using it for its intended purpose. If you need cold hard cash, proceed with one of the listed methods. However, if you need the money to buy groceries, prescription drugs, vitamins, or baby products, among other available items on Amazon, opt to pay with your gift card. Aidan has been writing about personal finance for over 6 years. Prior to this, he worked as a Corporate Finance Analyst where he specialized in Due Diligence, Company Valuations and more. He is a CFA charterholder. How do I transfer my Amazon balance to bank account?[Guide] Convert Amazon Pay Balance to Bank Account
Fill in all the required bank details. Then enter the amount you want to transfer and click on “Wallet.” Now choose the “Amazon Pay” mode of payment and proceed. Done!
How do I transfer a gift card balance to my bank account?You can link your gift card to PayPal, Venmo, or Cash App and forward the money to your bank account. This is the cheapest way to exchange gift cards for cash. The more expensive ways include selling the gift card on a specialized website or mobile app, or even an exchange kiosk in your mall.
Can I cash out my Amazon gift card balance?You may not: Sell or exchange a gift card for cash or for any other prepaid payment instrument. Give or receive a gift card as payment for goods or services off of Amazon.
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