With technology gradually integrating the financial industry and bringing new payment methods, cash is no longer king as before — and people choose other flexible options like gift cards for payments.
Gift cards are a popular payment method nowadays — according to statistics, the global gift cards market size was actually valued at $619.25 billion in 2019.
Though these statistics might seem impressive for how people choose to buy gift cards, a huge proportion of these gift cards, however, are unused.
A survey from CNBC show that over 47% of adults currently have at least one unused gift card, and Amazon gift cards are no exception.
Most Amazon gift cards usually end up unused because they can't be used elsewhere besides Amazon and partner merchants — and to make the balance more flexible moving it to a bank account is a smart option.
If you've always wondered how to transfer Amazon gift card balance to bank account then you're at the right place.
To help you out, we've compiled the best ways to effortlessly transfer Amazon gift card balance to bank account.
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Can I Transfer Amazon Gift Card Balance To Bank Account?
In a direct point of view, you can't transfer Amazon gift card balance to bank account — Amazon policy typically highlights that.
You can, however, transfer Amazon gift card balance to bank account through some indirect ways which we'd see later in this guide.
Also Read: How To Transfer Amazon Gift Card Balance To PayPal
How to Transfer Amazon Gift Card Balance to Bank Account
You can only transfer Amazon gift card balance to bank account through some indirect methods, which include;
- Redeem the Amazon Gift Card to Amazon Pay.
- Sell the Amazon Gift Card for Cash.
- Contact Amazon Customer Support.
Let's cover each method in details.
1. Redeem the Amazon Gift Card to Amazon Pay
Redeeming the gift card to your Amazon Pay account is one of the best ways to transfer Amazon gift card balance to bank account.
Fortunately, the process is rather simple; however, you will need an Amazon Pay account that is linked to your bank account.
This method is more like transferring Visa gift card balance to PayPal.
This method consists of two steps:
To begin, you must redeem the Amazon gift card to your Amazon Pay account, which can be done as follows;
- Go to the Amazon website.
- Click on the "Amazon Pay" link on the homepage.
- Click on the "Add Gift Card" link.
- Enter the gift card/voucher code and click on "Add to your balance" button.
- Your gift card amount will be added to your Amazon Pay balance.
The last thing you want to do is transfer money from Amazon Pay to your bank account, which is possible by doing the following:
- Open the Amazon app.
- Go to Amazon Pay section.
- Tap send money.
- Select the 'to bank' option and enter the bank details.
- Tap the pay now button.
2. Sell the Amazon Gift Card for Cash
Another effective approach to transfer Amazon gift card balance to bank account is to sell the Amazon gift card for cash.
In this method, you'll normally sell your Amazon gift card on a reputable gift card exchange site, and the money will be sent into your bank account.
To exchange an Amazon gift card for cash;
- Go to a gift card exchange site (such as Gift Card Granny, CardCash)
- Sell your amazon gift card for cash.
- Request for the money to be sent via bank transfer.
3. Contact Amazon Customer Support
Another great way to transfer Amazon gift card balance to bank account is to contact Amazon customer service and seek assistance.
However, because you'd be asking them to assist redeem the gift card to your Amazon Pay account, you'd need an Amazon Pay account for this method to work.
You can transfer the money to your bank account after it is in your Amazon Pay account.
To contact Amazon customer support;
- Open the Amazon website and sign into your account.
- Click the three horizontal lines on the left-hand side of the screen.
- Scroll down and click "Customer Service."
- Click "Payments, Charges, Invoices & Gift Cards."
- Click "Gift Cards."
- Choose "Unable to use gift card" and follow the prompts.
Hopefully, they might help you redeem the funds to your Amazon Pay account which you can later transfer to your bank account.
Can You Exchange Amazon Gift Cards for Cash?
Yes, you can exchange amazon gift cards for cash.
You must list the gift card for sale on a gift card exchange site and specify how you want to be paid after the gift card is sold.
Can You Transfer Amazon Gift Card To Another Account?
Amazon gift cards cannot be transferred to another account, according to Amazon policy.
Simply put, direct transfers of Amazon gift cards to other accounts are not possible,, and the balance may only be transferred through indirect methods.
Can You Transfer Amazon Gift Card Balance To Credit Card?
Unfortunately, you cannot transfer the Amazon gift card balance to credit card since Amazon gift cards cannot be transferred.
Frequently Asked Questions
Can I transfer Amazon gift card to my bank?
Yes, though not directly, you can transfer your Amazon gift card to your bank account. Selling the gift card for cash is considered as a smart option.
Can I transfer my Amazon gift card balance to cash?
Yes, you can transfer your Amazon gift card to cash, through some indirect methods.
Amazon gift cards are prepaid gift cards that can be used for purchases on Amazon and partner merchants.
You can only transfer Amazon gift card balance to bank account through indirect methods since Amazon policy does not allow direct transfer from the gift cards.
Thankfully, this guide compiles the best ways to transfer Amazon gift card balance to bank account.
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