If you added up all the unused gift cards in America, the total would come out to $21 billion. Let’s face it, redeeming a gift card isn’t always convenient.
Fortunately, there’s a simple way to turn gift cards and prepaid cards into cash with Prepaid2Cash. But what is Prepaid2Cash and how does it work?
Not all online Prepaid2Cash reviews paint a clear picture of the process, but the following guide can help. Read on to learn the 3 most important things to know about the app before you download it.
1. How It Started
Prepaid2Cash got its start when financial a couple of tech entrepreneurs from Birmingham got fed up with their gift cards. They were stuck with a good amount of rebates and gift cards they couldn’t figure out how to use online.
The founders decided to take matters into their own hands and partner with banking and payments institutions to find a solution. Their goal was to develop an easy and snappy service to help others exchange unwanted gift cards for cash.
Today, their company is called Prepaid2Cash and its official debut came back in 2016. With almost a decade under its belt, the app continues to thrive and give users an outlet to use otherwise worthless prepaid cards and gift cards.
2. The Process
To use Prepaid2Cash, start by downloading the app from Google Play or the Itunes App Store. Then, sign up through the app and start making your transactions.
You’ll need to verify the card information before you can complete a transaction. Then you can receive the amount on the card to your debit card in as little as 15 minutes. You can also wait 2 – 3 days for the money to transfer directly to your bank account.
That’s all it takes to get money trapped on a useless gift card or prepaid card into your wallet. You can take a look at the FAQ about Prepaid2Cash for more details.
3. What’s The Catch?
The app is very straightforward, but it’s important to note that you won’t get the full amount of the cards you redeem. Instead, Prepaid2Cash returns up to 92% of the card value.
Keep in mind that the return value changes depending on the brand of the card you redeem. After the app verify the amount on the card, they send you an offer for a payout amount.
So, there aren’t any surprises with what you’ll receive. You must agree to the amount before the transaction goes through. There’s absolutely no obligation on the user’s end and you can reject any offer without penalty.
If you find a negative Prepaid2Cash review, it’s likely due to this aspect of the app. But knowing how it works before you download it gives realistic expectations and leaves less room for any disappointment!
Understanding Prepaid2cash Reviews
Now you know how the app works and that positive and negative Prepaid2Cash reviews largely hinge on payout amounts. If you’re expecting a 100% payout of the card amount, it’s best to find another way to use it.
But if you have an unused card you can’t get rid of, consider Prepaid2Cash to get the majority of the amount turned into cold hard cash. Check out our blog’s technology section for more mobile app tips and reviews.