Visa gift card is money in plastic form. You buy a preloaded card in a specific amount. This is a one-time reloadable account only and you cannot deposit funds again to the same card.
PayPal, on the other hand, is an electronic account. If you have this account, it will allow you to pay and send money through the internet. This is one of the most convenient ways to shop online. You can fund this account by using your bank account or using your credit card. But the question is, can you fund your PayPal using a Visa gift card?
It is a tricky process but it is possible. First of all, PayPal does not let customers transfer the account from the gift card itself to the account. This is much the same way with debit cards. However, you can transfer the amount from your gift card and then send it to your bank account and then use your bank account to fund your PayPal account. This should settle the problem without losing some percentages of PayPal fees. Here is how you can do that:
Step 1: You will need the essentials, of course. You should have a bank account, a PayPal account and a Visa card gift. Log on to your PayPal and then choose the fund method. You can find that when you go to your profile. Select bank accounts option and then click the button add.
Step 2: You can contact your bank or your gift card provider how you can transfer the money to your bank. If it has some papers that go with the card when you purchased it, you can see it there. But otherwise, call customer service. The completion of the transfer of files may take a few days though.
Step 3: Once you have transferred the money to your bank account, you can now use PayPal using the transferred money for your bank account. Now you are ready to shop.
Using this card to shop online is actually as convenient as using PayPal. Instead of going through the whole process of transferring funds, you can just directly use it. When shopping online for shops like Amazon, you can use the card to buy another gift card. This way, you can make the most out of your purchase.
But you have to keep track of your balance though as there is a tendency you card will be declined if you total amounts to more than the balance in the card.