App Allows Gift Card Recipients to Send Card Currency to Their Bank Accounts

Prepaid2Cash introduced an app that lets consumers convert gift card currency to cash. With the app, available for Android and iOS devices, users can scan the cards and have cash, minus fees, deposited into their bank accounts -- or have a paper check issued. The app works with Discover, Mastercard and Visa gift cards. Some 25-50 percent of the $300 billion in gift cards issued annually goes unused, said the company.