When you receive a gift card, you might not have a plan for it right away. Perhaps you’ll save it for a special occasion, or maybe you’ll wait to see if there’s something else you want to buy with it. No matter what your plans are, however, there will come a time when you need to redeem that gift card. Depending on where the gift card came from, this process can be different from one place to another; however, most places make it easy to use their gift cards. In this post, we’ll cover the top 5 ways to redeem your PayPal gift card and get cash back or alternative rewards in return.
Check Your Gift Card Balance
One of the first steps in redeeming your gift card is to check the balance. Depending on where you got the card, it may have a specific balance written on it or an unlimited amount. You may also be able to log into an account and check your gift card balance there. However, if the card has a specific value, it’s important to know how much you have left so you know how much you can spend with it. If your gift card has an unlimited amount, you don’t have to worry about checking the balance; however, you can still keep track of how much you’ve spent. Be aware that some gift card providers may place a hold on the balance of your card until you’ve redeemed it. This is more common with store gift cards, but it’s possible with a PayPal gift card, too. This means that until you redeem the gift card, you won’t be able to access the money on it. You’ll need to redeem it first, and then you’ll have full access to the money.
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Use Your PayPal Gift Card at the Outlet of Your Choice
If you received your gift card from an online retailer, you may be able to use it anywhere the company has an outlet. In many cases, you can use your gift card at the company’s website; however, it’s even easier to use it at the outlet of your choice. For example, if the gift card is for Apple, you can visit the Apple store online or find an Apple retailer near you. In many cases, you can use the gift card like cash, providing the card has enough funds on it. If there isn’t enough cash on the card to cover your purchase, you’ll have to purchase the remainder of your purchase with another form of payment. Not all outlets will accept gift cards, so make sure you know where you can use the gift card before you head out. Remember, gift cards work a lot like debit cards, so it’s best to use them as soon as possible. Once the card has been used, it can’t be used again, even if there’s still money on the card.
Get a PayPal Cash Rebate
If you received a gift card from a retailer, you may be able to collect a rebate from PayPal in the form of a gift card. This is only available for select retailers; however, it’s an easy way to redeem your gift card and receive money. If you can get a rebate, simply use your gift card to make a purchase as you normally would. Then, when the order is completed, select PayPal as your payment method. Once the order goes through, PayPal will send you a gift card for the amount of the purchase, less any fees. There are a few limitations to this gift card rebate. First, you’ll have to wait for the gift card to arrive from PayPal. You won’t receive the money from the gift card immediately, but you will get the gift card as soon as the order is finalized. Additionally, if the value of the gift card is less than the amount of the purchase, you’ll have to cover the difference with another form of payment.
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Redeem as a Credit to your Registered PayPal Account
If you received a gift card from a retailer, you may be able to redeem it as a credit to your PayPal account. This is a lot like the PayPal cash rebate, but it comes with a few extra benefits. Unlike the rebate, where you have to wait for the gift card to arrive in the mail, you can use the credit almost immediately. Additionally, you’re not limited to a specific amount of funds. You can use the entire value of the gift card, or any amount between $5 and $100. Unlike the rebate option, you don’t have to wait until your gift card arrives in the mail. Instead, you can use your gift card immediately as a credit to your account. Log into your PayPal account and select the gift card as your payment method. Then, add in the amount you want to use from the gift card. Once the order goes through, the gift card will be used, and the funds will appear in your account.
Trade in your Card for an eBay Gift Card
If you received a gift card from eBay, you aren’t limited to spending the money on eBay. Instead, you can trade in your gift card for an eBay gift card. eBay gift cards can be used in most places that accept debit cards, and they can be used online or at a participating retail outlet. You’ll have to provide basic information when trading in your gift card, and you may have to wait a few days for the gift card to be delivered to your account. There’s only one catch, and that’s the value of the gift card you’ll receive. eBay gift cards come in a variety of values and can be used for anything you’d use a debit card for. If you don’t have a specific use in mind, consider a gift card with a high value. The higher the gift card value, the less you’ll have leftover to spend when you’re done.
Conclusion
When you get a gift card, you may not know what to do with it. In most cases, you won’t be able to spend it right away, and you may not have a specific use for it in mind. When this happens, it’s easy to forget about the gift card, or perhaps you simply don’t have a plan for it. However, there are many easy ways to redeem your gift card and get cash back or alternative rewards in return.
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