If you're sitting on a prepaid Visa or Mastercard gift card you have no use for, you're not alone. Americans are holding an estimated $21 billion in unused gift card value, and a significant chunk of that is locked in prepaid Visa and Mastercard cards sitting forgotten in wallets and drawers. The good news is you can turn those cards into instant cash — and this guide shows you exactly how to do it on FlipEx, fast.
What Are Prepaid Visa and Mastercard Gift Cards?
Prepaid Visa and Mastercard gift cards are cards preloaded with a fixed cash value that can be spent anywhere Visa or Mastercard is accepted. Unlike store-specific gift cards that can only be used at a designated retailer, prepaid Visa and Mastercard cards function like cash, making them more valuable in the resale market because they are widely accepted for online and in-person purchases.
They come in two forms: physical cards you receive in a retail store or by mail, and digital cards (eCodes) delivered as a 16-digit card number, expiry date, and CVV via email. FlipEx accepts both.
Common prepaid Visa and Mastercard cards include:
- Standard Visa gift cards and Mastercard gift cards
- Vanilla Visa and Vanilla Mastercard gift cards
- Netspend prepaid cards
- OneVanilla and MyVanilla cards
- Reward and rebate prepaid cards issued by companies
Why Sell Your Prepaid Gift Card for Cash?
Many people prefer to convert prepaid cards to cash because they can't be used internationally in some cases, are not refundable once purchased, and cash provides more flexibility. Beyond these reasons, a prepaid card sitting unused is money doing nothing. See our guide on safe gift card conversion tips if you're new to the process.
How to Sell Your Prepaid Visa or Mastercard Gift Card on FlipEx (Step by Step)
Selling your prepaid Visa or Mastercard gift card on FlipEx takes less than five minutes from start to finish. For a broader overview of what you can earn on the platform, see our guide on
Step 1 — Download the FlipEx app and create an account
Download FlipEx on iOS and Android. Sign up with your email and complete the quick verification process.
Step 2 — Select "Sell Gift Cards" from the home screen
Tap the Sell Gift Cards option and choose either Visa Gift Card or Mastercard Gift Card from the list.
Step 3 — Select the card design that matches your card
Swipe through the card designs and select the one that matches the first four digits of your prepaid card. This helps FlipEx identify the card issuer and calculate the correct rate.
Step 4 — Enter the card denomination and currency
Select the currency (USD for US-issued cards) and enter the denomination printed on your card, or the current remaining balance if the card has been partially used.
Step 5 — Enter your card details
Input your 16-digit card number, expiry date, and CVV. For digital eCodes, these details are in the email you received when the card was issued.
Step 6 — Confirm and submit
Review the payout amount shown — this is what lands in your FlipEx wallet. Tap confirm to submit. FlipEx processes verification instantly and credits your wallet within minutes.
Step 7 — Withdraw your cash
Transfer your FlipEx wallet balance to your Nigerian bank account in naira, or withdraw as Bitcoin (BTC) to your Cash App BTC wallet, PayPal, or Blockchain.com wallet.
How Much Will You Get for Your Prepaid Visa or Mastercard Gift Card?
When selling a Visa gift card on most exchange platforms, you can typically expect to receive between 70–90% of face value in cash. Check our $100 Visa gift card naira value guide to understand how denomination affects your payout. FlipEx displays your exact payout amount before you confirm — no surprises, no hidden fees.
Higher denomination cards ($100, $200, $500) typically attract better rates per dollar than lower denomination cards ($25, $50).
Tips to Get the Best Rate When Selling Your Prepaid Card
Check your balance before you sell - Visit the website to check the card’s balance. Both Visa and Mastercard each have dedicated pages and different methods for checking the balance on the cards. Submitting an incorrect balance will cause your transaction to be flagged or rejected.
Sell higher denominations where possible - Higher denominations typically fetch a marginally better rate.
Avoid platforms with hidden fees - Some platforms charge a 15% processing fee for immediate payment or 10% for next-day payment, plus delivery charges on top. FlipEx charges no such fees — what you see is what you get.
Can Nigerian Diaspora in the US Sell Prepaid Cards on FlipEx?
Absolutely. If you're based in the US and holding a prepaid Visa or Mastercard card, you can sell it on FlipEx and receive naira directly to a Nigerian bank account, or as Bitcoin to your preferred crypto wallet — Cash App, PayPal, or Blockchain.com. Read our full guide on how to earn money on FlipEx for more ways to maximise your FlipEx account.
Frequently Asked Questions
Can I sell a partially used prepaid Visa or Mastercard card on FlipEx?
Yes. FlipEx accepts cards with a partial remaining balance. Simply enter the current balance when prompted.
Does FlipEx accept both physical and digital prepaid cards?
Yes — physical plastic cards and digital eCodes are both accepted.
How long does the payout take?
Payouts are instant. Once FlipEx verifies your card details, your FlipEx wallet is credited within minutes.
Is there a minimum balance required to sell on FlipEx?
FlipEx accepts cards from $10 and above.
Can I receive my payout in Bitcoin?
Yes. After your card is processed, withdraw your FlipEx wallet balance as BTC to your Cash App BTC wallet, PayPal, or Blockchain.com wallet.
Are there any fees?
No hidden fees. The rate shown in the app before you confirm is exactly what you receive.
Can I sell a Vanilla prepaid Visa or Mastercard on FlipEx?
Yes. See our dedicated guide: How to Sell a Vanilla Visa Gift Card for Cash Instantly.
What if my card fails verification?
FlipEx will notify you immediately. Check that your card details were entered correctly and verify the balance before resubmitting.
I received my prepaid card as a reward or rebate — can I still sell it?
Yes. FlipEx accepts reward cards, rebate cards, and prepaid cards regardless of how they were issued, as long as they carry a valid Visa or Mastercard network number and available balance.
Which platforms are best for selling gift cards?
See our full comparison: Best Sites to Sell Visa and Mastercard Gift Cards.