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Gift cards have increasingly become a popular gifting option in Nigeria. This results from the digital asset having a real-time value to afford the purchase of products or services. While you can use gift cards to shop conveniently at associated stores, some go unused in wallets or mailboxes. But did you know you can make money from these unused gift cards? Hence, you need to know some strategies to sell your gift cards for cash.
Understanding The Value of Gift Cards
Every gift card has an intricate value that makes it a viable asset. But, the value of a gift card varies with factors like the retailer or business, the amount of the card, and its demand in the market. You can simply determine the value of your gift card by checking the balance online or offline (by calling the customer service number on the card).
In addition, some gift cards may have expiration dates or fees of use associated with them. So, it may be essential to painstakingly read the terms and conditions of the gift card to understand the state of its value.
Benefits Of Selling Gift Cards In Nigeria
It is noteworthy that gift card trading is one of the best and fastest ways to make money online in this digital age. There are hundreds of gift cards in the market that you can trade, as you can find them in physical and digital forms. Some popular gift cards you can sell are Amazon gift cards, Apple gift cards, Steam gift cards, Sephora gift cards, Nordstrom gift cards, eBay gift cards, Netflix gift cards, etc.
Therefore, you can enjoy the following benefits from selling your gift cards:
- Cash In Hand: Selling your gift cards can put cash in your pocket. This means you tend to have cash if you are unwilling to redeem the card anytime soon.
- Increased Purchasing Power: There is a boost in your purchasing power when you sell your gift card. This enables you to afford any product or service you need. In essence, selling gift cards makes you be above the local parlance āsapaā as you continue to make money from the trade.
Strategies For Selling Gift Cards In Nigeria
1. Gift Card Exchange Platforms
There are many gift exchange platforms on which you can sell your cards in Nigeria. These platforms often allow you to sell your gift cards directly to the company - which will then resell the card to another buyer. One such place to sell your cards is Prestmit. This platform provides the best card rates and secure payment, making it one of Nigeriaās best gift card trading platforms.
2. Online Marketplaces
You can choose to sell your gift cards on different online marketplaces in the country. These e-commerce platforms enable you to list your cards for sale and connect with potential buyers. But it is crucial to be cautious when using these platforms, as they are a hotbed of scammers who may try to defraud you of your card.
3. Social Media Platforms
Social media platforms are another strategy for selling your gift cards, as you can sell your cards on Facebook, WhatsApp, Instagram, Twitter, etc. You can post a message about your gift card for sale, and any interested buyer will contact you about it. But you must also be careful about selling via social media platforms because of scammers lurking around to steal your gift card or funds.
Tips For Using Gift Card Exchange To Sell Gift Cards
There are some factors to consider when selling your cards on a gift card exchange. This is to enable you to have a seamless transaction.
1. Choose A Reputable Platform
You must ensure to choose a reputable and reliable platform with a good track record. This can be done by checking reviews and the platformās user base. Look out for platforms with many positive reviews to support its operations.
2. Get A Fair Price
Researching your gift cardās market value is often imperative. You can use a Prestmit gift card rate calculator to know the exchange value of your card to naira. This would guide your selling decision to make profits.
Conclusion
We can not overemphasize how valuable gift cards can be - enabling you to shop conveniently in stores or convert to cash. This makes gift cards a viable asset you can use of your volition. But, if you do not want to redeem the card for products or services at its store, you can choose to sell it for cash at good rates.
However, it is important to be cautious about selling your cards on online marketplaces or social media platforms, as gift card trading platforms remain the efficient and safe place to sell them.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.