PayPal is the most popular payment method service, especially because it keeps cardholders’ information hidden at checkouts. On the other hand, a Bankrate survey shows that 50% of U.S. adults have unredeemed gift cards which could have good uses.
Besides that, getting gift cards could be a great thing if you could use them on solid buys. Well, today, we’re going to discuss how you can use the seemingly negligible gift cards for regular purchases.
So, how to add gift card to PayPal? The process works similar to a debit or credit card. You’ll put in all the card information and verify the card like a regular one. Once verified from the card and bank account page, PayPal will pull funds from the gift card for a regular online purchase.
What Is A Gift Card
A gift card is a debit card that the card issuer company loads with a fund in prior for further use. In simple words, you’re getting a prepaid card, ready to use at any time. They come with a limited fund in it prior, usually a maximum of $500.
Well, not all the time it has to be limited because open loop gift cards are usually rechargeable and reusable. You can also use them (usually) in stores, both physical card and online. And that’s the first type of gift card.
There’s another type of them, called closed loop gift cards. These cards are usually usable only in a particular store that provided the card in the first place. Besides, the closed loop gift cards are not rechargeable or refundable and are meant to be disposed of after use.
You can use that amount wherever the gift card is accepted. With a good 506 billion dollar projected market cap by 2025, prepaid gift cards are really here to stay for sure.
How To Add Gift Card To PayPal [Step By Step]
Apart from spending card amounts without sharing card info, PayPal also is useful for making use of physical or digital gift cards. If you’ve received a gift card and don’t want it to go in the vain, you can link it to your PayPal account. Here is how to add gift card to PayPal and be able to spend your money meaningfully, and securely:
Caution: Be sure of the associations
Before you can add your gift card PayPal account, you must know that, not every card provider supports PayPal. PayPal supports four of the major card issuers to add to the account as a funding source. You can add a gift card to your PayPal account if it’s from Visa, MasterCard, Discover, or American Express.
Step 1: First, go to PayPal’s website, and log into your account using your email address and othr login credentials. If you’re already logged in, access your PayPal wallet option before going forward.other
Step 2: Here, you’ll find an option called “Link a debit or credit card.”. You have to click on it, which will take you to the adding page. If you already have card(s) linked to your account, you might see them around this menu as well.
Step 3: As you might be adding the card as a first timer, simply click the “Link a card manually” option to start the process. Here, PayPal will ask for all the card information. You’ll put in all the gift card info in the respective fields.
Step 4: Once inserted, check all the inputs once again, just to make sure, and click on the “Link Card.” button in the bottom of the page. And yeah, don’t forget to select the accepted type of card on the left beforehand.
Step 5: Since it’s a gift card, you might face an error while adding it to your PayPal account. In that case, you’ll have to register your billing address, following the instructions usually provided with the card itself.
Step 6: After registering your gift card with further personal details, you can add it to your PayPal account. The process is just like any other VISA or Master Card.
Can You Transfer Money From A Prepaid Card To PayPal?
Yes, you can link prepaid cards to your PayPal account and use the gift card balance as your PayPal fund while shopping online. Adding your prepaid gift card to the PayPal account also has a straightforward process. All you have to do is, go to your PayPal wallet, select the option to add a new card, and put in all the information.
PayPal will ask for your billing address, your card information and send you a $1 bill to the card. As soon as you verify the linking, PayPal will return the bill to your account fund. Once added and verified, you can use PayPal to shop online, and use the card as your funding source.
PayPal, being the most popular payment service provider with more than 360 million active users on the platform. Now that you know how to add gift card to PayPal, your gift card amounts won’t expire before spending.
Adding your gift card to any PayPal account can also eliminate the chances of exposing your info online. Besides, it helps you keep all your funding sources in a row, making the best use of your card, without charges.
With these methods above, we hope that you’re now capable of adding any card to your PayPal account, including your gift card.