Gift cards are a nearly unfathomably large industry. It makes for great holiday gifts for both hard-to-please loved ones and clever buyers.
If you want to sell or exchange a wired gift card, here’s what you need to know.
What is a Gift Card?
A gift card is a prepaid stored-value money card that is commonly supplied by a merchant (such as Amazon, Google, or Apple) to be used instead of cash for purchases within a certain store or connected businesses. Gift cards are sometimes referred to as cash cards and are given out by merchants and marketers as part of a marketing strategy to persuade the recipient to come in or return to the store.
Gift cards are prepaid debit cards that have monies deposited for future use. Gift cards are divided into two categories: open loop and closed loop. Both types are commonly utilized both online and in person. Closed loop cards can only be used at a single merchant, whereas open loop cards work like cash and can be used at any merchant that accepts the payment card processor.
In Nigeria, there are several different sorts of gift cards.
1. Gift Cards from Amazon
Because Amazon sells (nearly) everything, Amazon gift cards are a convenient alternative for giving. When you add an Amazon Gift Card to your account, the funds are saved in Your Account and applied to your next eligible order automatically. The good news is that you can sell your Amazon gift cards whether they are unused or partially used. Buyers are eager to buy gift cards in a number of ways as long as the balance is accurate.
2. iTunes Gift Cards
An iTunes gift card is a credit for Apple’s iTunes store that has been pre-purchased. Apple’s media and software marketplace, the iTunes store, is where you can buy music, movies, apps, and more. It’s not the same as the Apple Store, where you can buy tangible things like iPhones and MacBooks with Apple Store gift cards. A physical iTunes gift card or a digital iTunes gift card delivered via email are both options. Your card can only be redeemed in the same iTunes store as it was purchased.
3. Google Play Gift Cards
Google Play is a music subscription service, a bookstore, and a video store in addition to being the world’s largest app store. This makes Google Play gift cards a great present, but that’s not all they can be used for. You can use the gift card to buy apps, games, movies, TV series, music, and books once it has been redeemed. To be clear, the Google Play Store is not the same as the Google Store: Google Play gift cards can’t be used to buy tangible items from the store.
Websites in Nigeria where you may trade gift cards.
There are several places where you can purchase or sell gift cards. The majority are available online, and each one is unique.
Patricia makes buying and selling digital currencies like Bitcoins, Perfect Money, and Gift Cards a breeze. Patricia is more than simply a trading card platform; it also provides a world-class transaction experience. Individuals can also use the unique service to exchange gift cards for cash and send gifts to loved ones in the United Kingdom, the United States of America, Canada, and a few chosen African and European nations.
Cardtonic is a trading platform that is duly registered as Cardtonic Trading Services with the Nigerian Corporate Affairs Commission. You may sell iTunes Gift Cards, Amazon Gift Cards, Steam Wallet, GooglePlay, Walmart, and other gift cards on Cardtonic. Cardtonic takes pride in offering consumers the finest gift card rates while also ensuring that their options are never limited.
3. KingCards NG
KingCardsng is a platform that allows you to easily convert your gift cards to Naira. Kingcardsng is currently one of Nigeria’s most reputable online gift card trading platforms. You can sell Google Play, Steam, Walmart, and other gift cards on this site in addition to the more popular iTunes and Amazon gift cards. The platform takes pleasure in providing the highest level of client satisfaction for each transaction.
Paxful, like most other trading platforms, allows owners of leftover gift cards to sell them for bitcoins. Customers can trade gift cards such as Steam cards, iTunes gift cards, Amazon gift cards, Walmart gift cards, Google Play gift cards, and a variety of others, according to the portal.
The more demand there is for a thing, the more you may ask for it. Gift cards for large stores like Amazon, Apple, and Google typically sell for 80-95 percent of their face value on the marketplace.