Withdraw amazon gift card balance?

rickyroma
rickyroma Posts: 180 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 11 September 2023 at 12:30PM in Shop but don't drop
Google says it is possible to withdraw from my amazon gift card balance to my bank account.  but I'm stumped when it comes to actually doing it on amazon. I didn't expect them to make it easy but I can't see how to even start the process.
 I can see there may be an issue with the parts of the balance that came from an actual gift card but the majority of the funds came directly from my bank account. 
Anyone managed to withdraw from an amazon gift card balance? 

Comments

  • Exodi
    Exodi Posts: 3,616 Forumite
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    edited 11 September 2023 at 12:36PM
    Honestly in my mind this breaks the hallowed rule of giftcards: that they can't be redeemed for cash.

    Whole ecosystems are based upon this principle, incentive schemes could be effectively turned into money printers.

    A cursory google search yielded some unreputable sources, one of which claims you can add the funds to Amazon Pay then send the balance to a bank account, but I doubt this is actually true:

    What payment methods can be used with Amazon Pay?

    Any of the payment methods available in your Amazon account can be used with Amazon Pay. Note that Amazon gift cards entered into your Amazon account can't be used when making purchases with Amazon Pay on third-party websites.

    https://pay.amazon.co.uk/help/201754640

    I'd be suprised if they didn't allow giftcards to be used on non-Amazon sites, but had no issue with you transferring the balance to a bank account.

    My gut says it's (intentionally) impossible.

    Know what you don't
  • Try searching again. The majority of hits say no for the UK 
  • Exodi
    Exodi Posts: 3,616 Forumite
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    Try searching again. The majority of hits say no for the UK 
    Agreed but unfortunately on the internet you can always find the answer you want to hear, regardless whether it is correct or not.
    Know what you don't
  • There isn't a direct way.

    To avoid loss you can buy on Amazon gift cards for other shops - Morrisons, Argos etc.
    https://www.amazon.co.uk/Morrisons-Gift-Card-Redemption-delivered/dp/B0BS4PC1FM
    If you really after cash you could buy giftacards and try to sell them at some places like cardyard etc. but expect 10-15% loss of the value.
  • sarah1972
    sarah1972 Posts: 19,380 Senior Ambassador
    Part of the Furniture 10,000 Posts Homepage Hero Photogenic
    rickyroma said:
    Google says it is possible to withdraw from my amazon gift card balance to my bank account.  but I'm stumped when it comes to actually doing it on amazon. I didn't expect them to make it easy but I can't see how to even start the process.
     I can see there may be an issue with the parts of the balance that came from an actual gift card but the majority of the funds came directly from my bank account. 
    Anyone managed to withdraw from an amazon gift card balance? 
    Google isn’t always right and can sometimes show dodgy ways to do things. 

    Personally I would ask any friends if they are buying anything from Amazon, buy it for them and let them pay you in cash. Or can you pay for Amazon fresh items so at least you get groceries?
    I’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • There isn't a direct way.

    To avoid loss you can buy on Amazon gift cards for other shops - Morrisons, Argos etc.
    https://www.amazon.co.uk/Morrisons-Gift-Card-Redemption-delivered/dp/B0BS4PC1FM
    If you really after cash you could buy giftacards and try to sell them at some places like cardyard etc. but expect 10-15% loss of the value.
    Thanks to all who replied. 
    Yeah this could be the best way to go. I thought I would be buying from amazon for a particular item but now I'm not sure, so at least I have other 3rd party retailer options 👍
  • I've just been told by Amazon...."Note that in accordance with Amazon.co.uk Balance and Amazon.co.uk Gift Card Terms and Conditions, you cannot transfer your gift card balances to another account or request a cash value payment."
  • sarah1972
    sarah1972 Posts: 19,380 Senior Ambassador
    Part of the Furniture 10,000 Posts Homepage Hero Photogenic
    I've just been told by Amazon...."Note that in accordance with Amazon.co.uk Balance and Amazon.co.uk Gift Card Terms and Conditions, you cannot transfer your gift card balances to another account or request a cash value payment."
    Quite correct. 
    I’m a Senior Forum Ambassador and I support the Forum Team on Competitions Time, Shopping & Freebies boards, Employment, Jobseeking & Training boards If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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