Converting KakaoPay Gift Cards into Cash in 3 Minutes

KakaoPay gift cards are a convenient payment method that can be used for various purposes. However, there may be times when you need cash. In such cases, knowing how to convert a KakaoPay gift card into cash can be helpful. Below, we will explain several ways to convert a KakaoPay gift card into cash.

Converting KakaoPay Gift Cards into Cash

Go to Convert Gift Cards into Cash

Here’s how you can convert your KakaoPay gift card into cash. In this context, “cash conversion” refers to converting it into “KakaoPay Money.” However, keep in mind that KakaoPay gift cards and KakaoPay Money are almost identical in terms of usage and cannot be transferred to a bank account. Therefore, converting the gift card into money doesn’t make a significant difference.

Refund After Using 60%

You can refund the remaining balance after using more than 60% of the total amount of the KakaoPay gift card.

Once you have used more than 60% of the card amount, the “Refund” button will be activated at the bottom of the screen.
By clicking this button, you can refund the remaining balance as KakaoPay Money.

90% Refund After Purchasing Goods

After purchasing goods, you can get a 90% refund if the expiration date has passed.

Use the “Send Gift to Myself” feature on KakaoTalk to buy items with the “KakaoPay gift card.”
Wait without using the gift within the valid period.
Once the expiration date has passed, you can receive a 90% refund of the purchase amount.

Refund After Purchasing and Selling the Item

Another option is to buy an item with the gift card and then sell the item, but this can be cumbersome and requires careful attention during the transaction process. Therefore, using the KakaoPay gift card directly at affiliated stores is the most efficient way.

Selling the Gift Card Through Second-Hand Platforms (Not Possible)

It is not possible to sell KakaoPay gift cards through second-hand trading platforms for the following reasons:

KakaoPay does not provide a feature that allows you to transfer a gift card to another person. Even if selling through second-hand platforms were possible, there would be no way to deliver the gift card.
The barcode and code of the KakaoPay gift card cannot be captured and change in real-time. While it’s possible to take a picture of the barcode and send it to someone, the barcode automatically changes after a certain time, so the recipient would not be able to use the gift card.

Electronic Gift Card Exchange Sites

Go to Convert Gift Cards into Cash

One of the ways to cash out KakaoPay gift cards is by using specialized exchange sites. These sites operate by deducting a certain fee from the value of the gift card and then transferring the remaining amount in cash. For example, sites like Gifticon, Cultureland, and Happy Money allow you to cash out your gift cards.

Sign Up and Log In

Access the electronic gift card exchange site, sign up, and log in.

Register Gift Card and Request Exchange

Enter the KakaoPay gift card number and request the exchange. Make sure to check and agree to the applicable service fees.

Confirm Transfer

After the exchange request, the site will go through a verification process, and the cash will be transferred. Typically, the transfer is completed within a few hours or up to a day.