New bitcoin seller question about visa/mastercard gift cards

[kenrzn]

Im a new bitcoin seller and I have sold some already but I want to start selling for visa/mastercard gift cards but I don't know how I would get the money out of them. I am from Canada so we don't have venmo or google pay

[BitMaxz]

If you are going to sell visa/mastercard gift cards and you want to get it in fiat/money or withdraw I think much better accept BTC as payment if you are going sell them and transfer BTC to coinbase to withdraw your BTC in fiat.

Or use Bitpay it seems that Canada is a supported country so I suggest this as an alternative and if you are going to use this the BTC you receive will be converted automatically to FIAT.

[LeGaulois]

BitMaxz, I believe he's looking to sell his bitcoins for VISA gift cards to make some extra bucks profits, instead to sell at the market price.

@OP Don't you have a saving/banking app in Canada (or something like that) that lets you top up your account via debit card? Like Mylo?
Also, something you should know before accepting these gift cards: not all places accept virtual credit card so better to be sure to know it before.

edit
@leowonderful
It's totally out of Paypal's TOS, a clear case of abuse. You can only have 1 personal account + 1 business. This is the max.
And Paypal doesn't accept all VCCs to be used, it's ok with the physical prepaid cards but when it's about virtual it's something else.

[leowonderful]

I'm pretty sure that PayPal also allows you to send money from these prepaid credit cards to another account where it's then stored on the other account on its PayPal balance, so if you've got multiple PayPal accounts then it may be possible to send the funds from one account to the other and get the funds out that way, though I'm not entirely sure if this is breaking the PayPal terms of service or not.

A more complex route that would probably see you losing some money in the process would be to just buy something with the funds and sell what you buy.

[Aveatrex]

I'm pretty sure that PayPal also allows you to send money from these prepaid credit cards to another account where it's then stored on the other account on its PayPal balance, so if you've got multiple PayPal accounts then it may be possible to send the funds from one account to the other and get the funds out that way, though I'm not entirely sure if this is breaking the PayPal terms of service or not.

Yes,this is totally feasible and is not breaking any rule after some research AFAIK

A more complex route that would probably see you losing some money in the process would be to just buy something with the funds and sell what you buy.

If he decids to go with a difficult route like this,he better off just straight sell the gift cards at 90-95% rate instead...



At my best knowledge ,as long as you sell your BTC for Canada Visa/Mastercard gift cards you should be able to use them pretty much anywhere you go in Canada online and offline as well as long as they accept Visa/Mastercard.If you buy other country gift cards,you'll have a hard time using it.

[Blue_oxen]

Im a new bitcoin seller and I have sold some already but I want to start selling for visa/mastercard gift cards but I don't know how I would get the money out of them. I am from Canada so we don't have venmo or google pay

Usually, Visa or Mastercard cards are supported in many banks in many countries. So you can choose the banks that have cooperation with Visa or mastercard, then you can withdraw it very easily like other banks. Or you can use the electronic wallet app to link with Visa, you just need to load or withdraw, it's very convenient.

[rdbase]

Wait a second.
Isnt this what paxful was created to do for those who have crypto and wanted to transfer to mastercard/visa prepaid cards?
Just find a trusted seller in your country and you are good to go!