Walmart and its gift cards have been responsible for offering users various conveniences when paying. That is why, for some time, Walmart gift cards have become extremely popular.
Until recently, you could exchange or get refund for a Walmart gift card, but, as of 2022, that premise has undergone a rather important change for the Walmart company towards its users.
Can you no longer exchange a Walmart gift card for cash?
Yes, just as you might have guessed from reading the previous paragraph, as of 2022, Walmart stopped offering its users the possibility to receive cash back for their gift cards.
Under no circumstances can you receive cash in exchange for a Walmart gift card. But, there is a small exception to this, which is that, in some states, companies are required by law to give refunds for gift cards.
Walmart is not exempt from this rule, and although their terms and conditions state that they will not give cash refunds, they also discuss their exception to this rule in states where they are required and mandated by law.
Walmart’s main states where refunds are allowed are California, Maine, Montana, Montana, Colorado, Oregon, Massachusetts, New Jersey, Washington and Vermont.
Even so, getting a full refund on a gift card is not entirely certain because the required amount of the refund is also defined by the laws of each state. In some, it can be a small amount, even as little as $10.
How to get cash back from a Walmart gift card?
Although Walmart doesn’t offer any major solutions regarding giving cash back on a gift card, there are several ways to get cashback.
But, before we show them to you, we must clarify that Walmart does not approve of using these strategies. The company specifies this in its terms and conditions, stating that “the resale of Walmart gift cards is strictly prohibited”.
Therefore, in case you wish to use one of the techniques to get cash in exchange for a Walmart gift card, it is solely up to you, and it is up to you to decide.
Redeem on websites
There are websites specifically dedicated to exchanging gift cards for cash. On these sites, you should post the value of your card along with its price and wait to receive a suitable buyer.
To make this transaction, you should try to choose a trusted and reputable website on the Internet. But, even if the website is trustworthy, not all its users are.
Avoid sending the card code without receiving the money in your account whenever possible. As far as possible, be especially cautious with receiving payments from platforms such as PayPal, where they can request a refund and leave you without your money.
The two negative points of this type of exchange are that, as you are competing with more people interested in selling their gift cards, it is sometimes necessary to offer the card for a price much lower than its value.
Secondly, there is always the risk of sending the card code and not receiving the money as you are making the exchange with a stranger. Whether there is anything to do in these situations depends on the exchange platform and its policies.
Redeem with acquaintances
If the amount of the gift card is not very high, you can make it a fairly easy and safe gesture to get a friend or family member to help you by giving you the cash in exchange for your gift card.
Without hesitation, it is one of the best options, both because you have the security of making the exchange with a person you trust and because he or she is likely to offer you an amount of cash equal to or similar to your gift card.
In addition, you can choose whether you get the money in cash bills or receive it through a bank transfer. All in all, it’s one of the best options for getting cash with a Walmart gift card.
Ask your acquaintances if they need to buy something at Walmart
Among all the options shown in this list, it is the safest and the least likely to create a problem for you in the future.
You can ask your family or friends if they are planning to shop at Walmart these days. When you get a positive answer, go to a Walmart to get the item or service they need and pay for it with your gift card.
When you have it, could you give it to the interested party? You must have previously agreed with them to purchase the item or service in exchange for the cash. And, ideally, charge it at the same price as Walmart.
In this way, you will be able to get rid of the money available on your gift card until you have exchanged all or almost all of it for cash.
Purchase a product for more than the amount of the gift card
Although Walmart does not offer cash back for purchases made with a gift card, you can get cash back when the purchase is made with cash or another similar payment method.
How does this relate to the gift card? Simple. When you pay for part of a product with a gift card and the rest in cash, the purchase is recorded as a cash purchase.
Then, after a few days have passed, you can return the product and request a cash refund for the full cost of the product. The product must be in impeccable condition and preferably unused. Currently, it seems to be a loophole in Walmart’s policies. However, it may not be very ethical.
References
- https://www.walmart.com/help/article/gift-card-terms-and-conditions/90f9e217278146898946c1d786bedea3