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Amazon gift cards are one of the most popular gift cards in the world. People use Amazon gift cards to shop on Amazon, give their friends and loved ones as a gift, and pay for digital subscriptions. If you have an Amazon gift card you received as a gift or you bought it and no longer want to use it for the purpose you bought it for, you can easily turn it into cash to prevent it from just sitting idle and wasting away.
I know you’re probably wondering how you can turn your Amazon gift card into cash. There are various ways to convert your unused Amazon gift cards to cash and this article will discuss them, along with things you need to consider before converting your Amazon gift card to cash, etc.
Can You Directly Transfer an Amazon Gift Card Balance to a Bank Account?
The short answer is no. You can’t transfer your Amazon gift card balance to a bank account as gift cards are non-refundable and cannot be transformed into cash or used as a prepaid payment instrument outside their system. This means you can’t simply log into your Amazon account, click “Send gift card funds to bank,” and then be credited with the amount
Instead, you’ll need to use a workaround, which typically involves using other means like either using the gift card to buy something you then resell, or selling the gift card via a third-party exchange platform that accepts gift cards and issues payment to turn your gift card to cash.
Ways to Transfer Your Amazon Gift Card Balance to Your Bank Account
1. Using Amazon Pay
Amazon Pay is one of the services Amazon offers its customers. It is a convenient way to pay for goods and services with the accounts or debit/credit cards linked to your Amazon account.
You can use this channel to transfer your Amazon voucher balance to your bank account. Here’s how to do it.
- Visit the Amazon Pay Page and sign in to your account.
- Select Gift Cards from the options on the menu.
- On your gift card dashboard, select Redeem a Gift Card.
- Fill in your voucher code and click Apply to Your Balance.
- The balance will be added to your Amazon Pay.
- Go back to the previous menu and select Your Payments.
- Click on Send Money and choose the bank option. Then, enter your bank account details and tap Pay Now.
This method is relatively easy if you have no issues with your Amazon account.
2. Using Digital Trading Platforms
The fastest and easiest way to convert an Amazon gift card to cash is by selling it on a reputable gift card exchange platform. These platforms buy your gift card at a rate, verify it, and pay you directly into your bank account. There are several platforms online, but not all of them are reliable. So you have to be careful which platform you choose to trade with in order to protect yourself from fraud.
Prestmit is unarguably the best platform for converting your Amazon gift card to instant cash. The platform offers fast payments, competitive rates, 2FA, and biometric security to protect your account, and 24/7 customer support to attend to all your needs and inquiries. The platform also offers an auto-withdrawal feature, which allows you to get paid directly into your bank account the moment your transaction is confirmed.
How To Sell Your Amazon Gift Card On Prestmit
- Download the Prestmit app from Google Play Store or Apple Store
- Create an account or simply log in with your details if you already have an account
- Click on “Gift Cards” on the Homepage then select “Sell Gift Cards” from the next menu
- Choose your preferred payment method
- Select “Amazon” as your gift card category
- Choose your gift card sub-category from the “Select Subcategory” box
- Enter the amount and upload the gift card picture or enter the e-code in the “Extra Comments” box
- Click on “Proceed”
- Confirm your transaction details then click on “Submit Trade”
If you’d rather watch a video tutorial, here you go.
3. Exchange with Friends or Family
You can also exchange your Amazon gift card with a friend or family member who shops on Amazon regularly. They get the value they would have spent on Amazon, and you get your cash immediately. You get your cash immediately and you don’t have to go through the process of selling on a platform. However, your options depend entirely on the people around you. Not everyone needs an Amazon card at the moment you want to sell it for cash..
Key Considerations When Converting an Amazon Gift Card to Cash
1. Market value and timing
You need to understand how resale values shift constantly before selling your Amazon gift card. The amount you get depends on demand, the card’s region, and even the season. For instance, U.S. Amazon cards usually sell at higher rates, and during busy shopping periods like December, rates may rise because more people are buying and selling.
2. How urgently do you need the cash
If you need cash urgently, it’s better to choose a platform like Prestmit that offers fast processing and instant payment. Some platforms may take hours or days to verify a card, which can be frustrating if you need money immediately.
3. Condition and type of your gift card
Unredeemed cards almost always attract better offers because buyers can verify them instantly. If your card has already been redeemed or only has a partial balance left, you’ll need to provide exact details to avoid delays. You also need to be accurate because even small mistakes can affect trust and payout.
4. Safety and trustworthiness of the platform
Security should be at the top of your mind. Gift cards are popular targets for scammers, especially when transactions happen in private chats. Random buyers offering high rates may disappear the moment you send the code. This is why verified platforms are important — they protect both your card and your payout. A secure environment removes the risk of losing your entire balance to a stranger.
5. Hidden fees
Another factor that can affect how much money you actually receive is the presence of hidden fees. Some platforms advertise attractive rates but deduct charges before paying you. Make sure you only trade with services that show you the exact payout upfront.
Security Tips During Conversion
1. Use only reputable platforms
Choose platforms that have good reviews, transparent terms, and fast payouts. Avoid platforms that have negative user reviews or have a questionable reputation.
2. Never share your gift card’s code
Your gift card code is like cash. If someone else redeems it, you lose the value. Avoid posting screenshots in public forums or sending the code indiscriminately. Don’t disclose your gift card to anyone claiming to be a customer support representative from Amazon or a third-party platform..
3. Beware of unrealistic offers
You need to be careful when someone offers you 100 % of the card’s face value, or asks you to send the code before you verify payment. Many scams revolve around “You send the code, we’ll pay later” but you never get the funds.
4. Use strong passwords and enable two-factor authentication (2FA)
Use a unique, strong password and enable 2FA if available on your trading platform. This prevents your account from being hacked and used to submit cards or redirect payment.
Also, check for phishing emails pretending to be the platform. Always use the official site/app rather than clicking links in unsolicited emails.
Frequently Asked Questions on How to Transfer an Amazon Gift Card Balance to a Bank Account
Is it legal to sell my Amazon gift card for cash?
Yes, as long as you use a legitimate platform and are not breaching laws (e.g., money laundering).
How much will I get if I sell my Amazon gift card via a platform like Prestmit?
The exact amount depends on various factors like the current exchange rate, demand, region, and card type. Prestmit has an in-app rate calculator that allows you to check current gift card rates before selling.
Can I pay a friend or family member with my Amazon gift card and they give me cash?
Yes. This informal method to turn your gift card into cash but ensure your friend is trustworthy, and agree on the terms clearly.
How long does it take to receive payment after selling on Prestmit?
Prestmit offers instant payment on all gift card transactions. Your money will be credited to you through your preferred payment method immediately your card details are confirmed.
Conclusion
Although you can directly transfer your Amazon gift card balance to cash, there are still other ways you can convert it to cash. Prestmit allows you to sell your Amazon gift card for cash and get paid instantly. So if you have an Amazon gift card lying around your house unused, you can sell it for cash and use the money for something else. Always remember not to share your gift card code with anyone and only trade on reputable and trusted platforms to avoid loss of funds.
Last updated on November 19, 2025
