How To Liquidate Prepaid Visa & Mastercard Gift Cards


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The information published on this site and on this page should not be relied upon as a substitute for personal financial or professional advice. Miles To Memories and the author strongly recommend that you seek independent advice before you do anything described on the site and/or page.

Visa gift card prepaid Mastercard
Both the Visa & Mastercard variable loads cards are purple. The fixed $100 cards come in a red package.

Resource – How to Liquidate Visa/MC Gift Cards

Last Updated: 12/19/2020

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.

Even 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. With that said, there are plenty of options for liquidating or spending down the cards.

Why Purchase 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. Discounts can often wipe out the purchase fee for these cards and allow the purchaser to make a modest profit.

Additionally, some credit cards pay up to 5x points/cash back at many of the stores which sell Visa or Mastercard gift cards. By combining discount promotions and bonus points earned by using certain credit cards, buying Visa or Mastercard gift cards can be lucrative.

Ways To Liquidate The Cards

Pay Your Bills


Visa gift card prepaid Mastercard

Pay Your Mortgage/Car Payment, Etc.

Perhaps the most obvious way to dispose of the cards is by using them to pay your bills. Companies like Plastiq allow you to pay certain bills including many mortgages with credit cards. Unfortunately Visa & Mastercard gift cards, despite being pin-enabled, are treated as credit cards with Plastiq meaning they incur a higher fee. (UPDATE as of 1/1/20 Plastiq will no longer accept gift cards as a form of payment).

Tip: Sign-up for Plastiq through our referral link and get $500 worth of payments fee-free after you make your first payment.

Pay Everyday Bills

Additionally, you could pay normal bills or do your local shopping with these cards. Visa & Mastercard gift cards are accepted for purchases anywhere that traditional Visa or Mastercards are accepted. Billers like utilities who normally accept credit cards for payments, will often accept them as well.



Visa gift card prepaid MastercardYou can load most Visa and Mastercard gift cards to your GoBank cards at Walmart. (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.

Loading 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 MoneyCenter. 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. Here is a detailed work around that works at some stores, but not others.

Update 12/19/20: Metabank Visa gift cards are having issues at Walmart.  US Bank Visa gift cards and Metabank Mastercard gift cards are not having issues. There has also been a memo sent out discouraging this practice.  We have yet to see if, and how, it will be enforced.

Buy Merchant Gift Cards

Visa gift card prepaid Mastercard

Merchant gift cards have become big business. We often cover deals for merchant gift cards on sale for up to 20% off. You can use prepaid Visa or Mastercard gift cards to purchase merchant gift cards at almost every major retailer and on eBay via PayPal.

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. Many stores also offer fuel and other rewards for the purchase of merchant gift cards which can help to stack the savings. eBay is also your friend when it comes to gift card deals.

Give Gifts

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. Instead of writing a check, consider gifting one of these gift cards.

Money Orders

Visa gift card prepaid Mastercard
Photo by Patrick O’Brien.

Warning: While this is an option, it is generally not one I recommend for most people. There are a lot of things to consider before buying money orders. Proceed with caution.

You can use prepaid Visa or Mastercard gift cards to purchase money orders at Walmart and various grocery stores. Which stores allow you to do this will vary by region. In theory the money orders purchased can then be deposited in your account and the money can be used to pay your bills.

Certain banks have been known to shut down accounts for depositing too many money orders and not all grocery stores will allow you to purchase money orders with these gift cards. The best way to find out your options is to experiment and research. Like I said above, proceed with caution and be aware of the dangers of structuring.

Update 12/19/20: Metabank Visa gift cards are having issues at Walmart.  US Bank Visa gift cards and Metabank Mastercard gift cards are not having issues. There has also been a memo sent out discouraging this practice.  We have yet to see if, and how, it will be enforced.


One of our main focuses on Miles to Memories is bringing you some of the best deals available. Taking advantage of these deals (and possibly making some money through reselling) can be a great way to liquidate prepaid Visa and Mastercard gift cards.

Paypal allows you to use prepaid gift cards for purchases and most retailers will allow you to pay with them online or in-store. Have you ever seen a great deal on an iPad or something else that can be sold at a profit or even breakeven? Those types of deals are a great way to liquidate these cards if one of your preferred methods has been shut down.

Emergency Disposal Options

Visa gift card prepaid MastercardIf your favorite prepaid Visa & Mastercard gift card liquidation method gets shut down or is no longer available, there may be a way to liquidate these cards in an emergency for a fee.

Paypal Allows Prepaid Gift Cards for Payment

Services like Paypal and others allow people to send money to each other for a fee which normally equates to about 3%. Technically these cards can be used in this manner, however the fees definitely add up.

Mobile Payment Solutions

Also, companies like Square and a few other companies have payment readers which allow you to accept credit card payments. Technically you could pay yourself with those cards and pay the merchant fees, although it rarely works as smoothly as you think it will.

Use Caution

If you use any of these emergency methods then be very careful. All of the companies I mentioned are known to shut down accounts for abuse meaning you aren’t going to be able to liquidate huge amounts of money at any given time. Additionally, if you pay yourself as a merchant, there may be tax implications. As always consult your financial or tax adviser before doing anything.

Think Outside of the Box

Visa gift card prepaid Mastercard

There are many many more ways to liquidate prepaid Visa & Mastercard gift cards. Many opportunities are too tricky to mention here while others are regional. It always helps to make friends with other miles/points junkies who live in your area.

If your preferred method of liquidating prepaid Visa & Mastercard gift cards has ended, the sky is not falling. You may incur some fees for liquidating, but the money is not lost. The old saying, “Where there is a will, there is a way” applies to this practice. If you think hard enough and do some research, the possibilities are almost limitless.


This is an updated resource listing methods that I feel are viable. It is updated as new methods emerge and others go away. If you feel any viable methods have been left out then please let us know.