What is Prepaid2Cash? Is it a legit way to turn your gift cards into cash? This Prepaid2Cash review offers answers to all these questions and more.
There are so many ways of earning gift cards out there. For starters, you can join survey sites and get paid to complete surveys, cashback platforms to earn cash back on shopping, or register for get-paid-to sites and complete simple tasks for money. All these platforms will either pay you through PayPal money, prepaid gift cards, or money transfer services.
But what do you do when you receive a gift card but want hard cash in your bank account? Is it possible to convert those gift cards to cash?
Well, the answer is yes! There are several apps that allow you to do just that, and Prepaid2Cash is one of them.
But how does it work? Is it a safe and legit way to convert your gift and prepaid gift cards to cash? That’s what we are about to find out. This review explores everything there is to know about the app.
Let’s start from the beginning;
What is Prepaid2Cash App?
Prepaid2Cash is a gift card app that helps you turn your unwanted gift and prepaid gift cards into cash. If you would rather have hard cash in your account than so many gift cards lying in your bedroom drawer, this app will sort you out.
I know the feeling when you keep accumulating those gift cards but don’t have a way to use them. But, not to worry. With the Prepaid2Cash app, you certainly can make use of those unwanted gift cards.
This app was established in 2011 but was officially launched in 2016 for public use. It was the brainchild of two financial technology entrepreneurs who saw the need for a platform that could help people access the money in their gift cards.
Through the app, you can enjoy spending the money you have earned through gift cards any time you want. No one wants to keep a thousand gift cards that they can’t use or that are too hard to convert to cash. However, with the Prepaid2Cash app, you can easily convert those cards, whether Visa gift cards or normal retail gift cards, to get money into your bank account, Bitcoin Wallet, or debit card.
Usually, the app will support gift cards from American Express, Visa, Mastercard, Nike, Target, and hundreds of other popular brands. Therefore, whatever gift cards you have in your possession, you might be on your way to turning them into cash with the Prepaid2Cash app.
See Related: Ways to Get Free Target Gift Cards
Why do so Many People Want to Convert Gift Cards to Cash?
It’s quite common nowadays to see people asking questions online about how to convert gift cards to cash. But why this increasing trend? Why are so many people looking for these options?
The truth is, getting those gift cards is quite easy. This is because so many brands are using them to reward their clients, either for shopping with them, being their loyal customers, or just as a marketing strategy. For this reason, hundreds of thousands, if not millions, of gift cards are being issued every day.
Now, the problem comes when these people want to use these gift cards. It is not always as easy as we are meant to believe sometimes. This is mainly because you can’t use the products they offer, or you don’t even have the time to go redeem the cards.
In addition, most of these gift cards have restrictions on the products you can buy with them. And those that offer the flexibility of purchase, like the Visa gift card, are complicated to use. Also, they come with restrictions on when and where to use them or include hefty fees that leave the card almost useless.
These and more reasons have made so many gift cards go unused. In fact, research shows that almost $3 billion worth of gift cards are not utilized in the US alone every year.
In essence, gift cards can never be flexible and convenient as cash. And that is the reason why apps like Prepaid2Cash app have become so popular and highly sought after.
How Does Prepaid2Cash Work?
The process of turning your gift and prepaid cards into cash with the Prepaid2Cash app is pretty simple. According to the app’s main website, all you need to do is scan your prepaid card or gift card, transfer your money into your preferred bank account, and receive it within 15 minutes. Now, that seems simple, right?
The Prepaid2Cash platform helps solve the $3 billion dollars problem. Instead of letting you stay with those unused gift cards, it helps you get some money out of your gift cards or prepaid cards and gives them to someone else who can make good use of them. It’s a win-win situation.
The platform accepts various cards, including Visa, Mastercard, Amex, and other specific gift cards from other brands. If your gift card is eligible, all you need is to swipe the card using the platform’s in-app card scanner and wait for a cash offer. If this offer pleases your eyes, you can accept and wait for the money to be deposited into your bank account or any other account of your choice.
Besides the physical prepaid gift cards, this app also accepts virtual cards. However, unlike the physical prepaid cards, where you swipe the card, virtual ones only require you to enter the card’s information on the app. You should also send a screenshot of that card via email.
However, you should note that you will not get the full value of your card. Remember, the gift card app needs to make some money out of the deal, and the person who will get the card will also need some discount. But having even a portion of the card’s value in cash is always better than an unusable gift card.
How to Join Prepaid2Cash App
Getting a way to convert those unused gift cards in your house to cash can be fulfilling. But you first need to create an account with the Prepaid2Cash app to enjoy this service. So, where do you start after getting your gift card from the reward sites?
Download the Prepaid2Cash Gift Card App
If you are tired of accumulating those gift cards, the first thing you should do is download the app. You can access the Prepaid2Cash app from the Google Play store or App store. This means that the app is available for both Android and iPhone smartphone users.
However, you must first ensure that the phone has the latest OS (operating system). Therefore, if you have not updated, start with that.
From here, follow these steps:
- Visit the phone’s Google Play store or App Store, depending on your device
- Search Prepaid2Cash
- Once you locate the app, download and install it on your phone
Create Your Account
After downloading and installing the app, it’s now time to create your Prepaid2Cash account. Here are the necessary steps:
- Launch the app on your phone: When you do it for the first time, you will see the “get started” button. Tap on it and wait for the next screen.
- Sign up: On the new screen, you will be presented with the sign-up options. You will have the option to sign up through your email or Facebook account. Choose one that fits you best.
- For any of the above sign-up options, you’ll need to input your information as prompted. When you choose the email way, your name, phone number, and email address will be required. Plus, you will have to create a password for your new account.
- If you choose to sign up via Facebook, the app will request your permission to log in using your Facebook account details. You should also fill in any information that is not derived automatically during the process.
- After this, all you need is to wait for the confirmation text. This helps the app to verify who it’s dealing with, as well as protect your personal information.
- Once you have the code, enter it in the required spot on the app and tap next.
Now you have your new account ready and can start converting those gift cards. It’s easy to use the app, and all you need is to look for a button named “New Transaction” on your dashboard. When ready, you can tap on this button to start your transactions.
See Related: Easy Ways to Get Free Sephora Gift Cards
Is Prepaid2Cash App Legit?
Absolutely yes! How do we know this?
Besides using the app to convert my Visa gift cards, the app has some of the best ratings online from users. Most of the Prepaid2Cash reviews by users are positive, giving us the confidence to say that the app is legit.
For instance, the app has a 4.2/5 stars rating on the Google Play store. These are from 2.07k users, which clearly shows that the app is loved by users. Anyway, who wouldn’t love an app that helps them get cash out of their gift cards?
On App Store, the Prepaid2Cash app is rated 4.4 stars by over 3k users, another indication of the app’s legitimacy. However, you can only be sure about this when you download and use the app yourself.
Luckily, there is nothing to lose by downloading the app. They don’t ask for any money to download or register with the app, and you can always delete it if it doesn’t suit your needs.
What are the Benefits of Prepaid2Cash?
Now, what makes this gift and prepaid cards app unique from others.? How will you benefit from downloading the app?
1. Offers Easy Cash Within Minutes
Most often than not, you are reading this piece because you need a solution to your gift cards’ menace. And that’s exactly what the Prepaid2Cash app offers – an easy way to turn your gift cards into cash.
With just a swipe of your physical gift card, the app will scan it using an in-app scanner, give you an offer, and you can either accept or decline. If you accept, you are just a few steps away from receiving hard cash in your bank account.
Even better, the app has recently introduced an instant payment option. This new Prepaid2Cash mobile app option allows you to convert your prepaid cards into cash within 15 minutes. In other words, the feature allows users to deposit prepaid cards into their bank accounts within 15 minutes.
With the instant payments feature, you can use your money the way you want in just minutes. The only drawback here is that it’s available only for people with a Mastercard or Visa debit card.
See Related: Best Handyman Apps to Make Money
2. App-Based Security
Security is something that makes many people avoid using online apps and platforms. No one wants to use an app that puts their personal information at risk of exposure.
However, the Prepaid2Cash app has this covered. For starters, it uses data encryption to protect your data. Any information that gets to this platform is protected through 256-bit SSL encryption.
In addition, it uses bank-level security features. The platform uses secure servers, a PCI SAQ D-compliant system, and they are also BBB certified. This should give you some peace of mind.
Lastly, the platform ensures that all your private data remains private. It doesn’t give or sell your personal info to advertisers or anyone else. With that, you can use the app without the fear of your information getting into the wrong hands.
3. Freedom to Use your Money
Most people stay with their gift cards without knowing what to do with them. This is especially if the cards can only be used in a specific retail store that the owner rarely visits.
However, this app has come to change all this. Now, you don’t need to fear accumulating gift cards. After you have several of them, you can log in to the Prepaid2Cash app and convert the cards to ready-to-use cash.
It gets even better with prepaid cards. While traditional gift cards take a few days to convert, prepaid cards require only 15 minutes. This way, you can even sort out an emergency with that cash.
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How Long Does It Take to Get your Money?
As mentioned earlier, some transactions are faster than others. Instant transactions will take 15 minutes, while normal ones will take even up to 5 days.
Usually, the app has two options when it comes to depositing money into your account. The first one is the “Next Business Day” option. Here, the money takes around 24 hours to reach your bank account.
The second option is the “4-5 Business Days” option. Here, the money is also sent electronically to your bank but takes between 4 and 5 days to reflect.
For a “next business day” transaction, the app will charge you a 7.5% processing fee plus a $1.50 delivery fee. On the other hand, the “4-5 business days” option will charge you a 5.0% processing fee and a $1.50 delivery fee.
The time it will take for the money to reflect in your bank account depends mainly on the approval process. The faster the system approves the transaction, the faster you get your money.
The process is usually fast, although there have been some negative reviews. For instance, some people say that sometimes, the app can reject one activated visa gift card and accept another. However, most other reviews are positive.
What gift cards does the Prepaid2Cash app accept?
The app accepts physical or electronic gift cards, as well as store credits from numerous brands such as Walmart, Starbucks, and Best Buy. However, there should not be any restrictions on the card, and its value must not be less than $25 or more than $1000.
Registered cards, promotional cards, non-transferable cards, merchandise credits that have expiration dates, or paper cards are not accepted.
How Much Money Can I get from a gift card?
Usually, the amount of money you can get from your gift card can go up to 92%. However, the actual rate will change depending on the brand.
Can I reach Prepaid2Cash customer care?
Yes. If you have a problem logging into the account or transferring funds, you can contact the support team. However, some people say that when you try to contact customer support, you get a generic message. The truth is they have indicated that they will get back to you within 24 to 48 hours.
What prepaid cards does Prepaid2Cash accept?
The app accepts several prepaid gift cards, including Visa, Mastercard, Discover, and Amex branded prepaid cards. The app also keeps adding new cards to its list.
The most common prepaid cards on the app’s list include gift cards such as Visa gift cards, Vanilla One, MasterCard gift cards, Visa Vanilla, and Amex gift cards. It also accepts rebate cards from various brands, such as Comcast rebates, Sprint rebates, and Verizon rebates. And if you have some payroll cards, they are also accepted.