Welcome to InformationNGR, you are here because you want to find out how to trade gift cards in Nigeria and make money. you are in the right place and in this article I will introduce you to the world of gift cards and how to exchange it for money.
Follow below, and get all the information you need on how to trade Gift Cards in Nigeria
Trading gift cards is one of the many ways to make money online today. If you’ve been observant, you’ll most likely have seen some vendors on your timeline. In addition, there are numerous gift cards you can trade and make profits off. Hence, in the spirit of making money online, you can stay in your room and accumulate money daily.
However, when you are ready to trade gift cards for cash. It would be best if you were careful about how you went about it. You can trade with other traders online, or you can sell to dedicated websites. It’s very difficult to determine which way to go about trading gift cards. Hence, in this brief guide, we’ll intimate you with the best way to get started with trading gift cards.
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What are Gift Cards?
Gift cards are prepaid debit cards, specific in amount; you can use them to purchase goods and services from the companies that issue them. Virtually all top e-commerce services own gift cards. These companies load the cards for use with a specific amount, which customers can use whenever they wish.
It’s called gift cards because they are used as gifts for loved ones. Hence, rather than giving someone a gift, you can provide them with gift cards, which they will use to pick whatever they so desire.
Gift cards come in a variety of pre-loaded amounts. So, you can find an Amazon gift card for $50, $200, etc.
There are two main types of gift cards. There is the Open Loop Gift card and the Closed-loop gift card. Open-loop gift cards are those you can use anywhere they are accepted. Closed-loop gift cards are only accepted by the store that issued them.
How Can You Make Money With Gift Cards?
Rather than using gift cards in the respective stores that issue them, you can always trade them for money. By trading gift cards for cash, you can do other things.
You most likely won’t need the goods and services from the company issuing the gift card. For instance, if you have a Google play gift card, you may not need to make any in-app purchases. Hence, it’s only reasonable to exchange gift cards for money.
The idea of redeeming gift cards for money is simple. You buy the gift cards from someone, then sell them to another person. There are numerous persons interested in exchanging their gift cards for cash.
However, owing to the scam that’s plaguing the internet, it’s best to sell gift cards to dedicated websites and apps. Reputable companies power these platforms. Once you find the best one, you’ll get the best trading rate while also getting your money instantly.
The main advantage of selling to dedicated Gift cards trading companies in Nigeria is security. You feel assured that the company won’t run off with your money.
Though, you should be careful in this case, too, as many fake websites are popping up. Always do your due diligence to ensure you are buying from a reputable company likeCardvest.ng.Where Should You Be Selling Gift Cards for Cash?
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Thebest app to redeem a gift card in NigeriaisCardvest. Cardvest was founded in 2016, and the company has risen to be one of the most trusted in Nigeria. Since its inception, Cardvest has built brand loyalty with thousands of customers across the country, thanks to the amazing services they provide per time.
In Nigeria, Cardvest is the gift card trading app that gives the highest rate. The company’s website is also properly designed; you can easilycheck fordifferent cards of interest rates.
There is also the Cardvest app, where you can easily trade on the go. Unfortunately, though, there is a limitation to their app; they don’t have the iOS version yet. But, as an iPhone user, the web app works well and fast as the app.
Cardvest offers support for just about any gift card you have. For example, they trade apple store gift cards, iTunes, amazon, vanilla, Nordstrom, etc.
Support is another important reason to sell gift cards for cash instantly onCardvest. Within the hour, they’ll respond to whatever queries you have.
Factors To Consider When Selling Gift Card Online
Platform Reputation: Choose a reputable and well-established platform or marketplace for selling gift cards. Look for reviews, ratings, and user feedback to gauge the platform’s reliability and trustworthiness.
Exchange Rates: Compare the exchange rates offered by different buyers or platforms. Rates can vary widely, so it’s essential to find the most favorable offer to maximize your earnings.
Payment Options: Consider the payment methods available to you. Some platforms offer various payment options, including bank transfers, mobile money, cryptocurrency, or PayPal. Choose a payment method that is convenient and secure for you.
Accepted Gift Card Brands: Ensure that the platform or buyer accepts the specific gift card brands you have. Not all platforms may accept every gift card type, so confirm compatibility in advance.
Security Measures: Verify the security measures in place to protect both buyers and sellers. Look for platforms that use secure escrow services to hold funds until the transaction is completed to your satisfaction.
Transaction Fees: Be aware of any transaction fees or commissions charged by the platform or buyer. Factor these fees into your decision-making process to calculate your net earnings accurately.
Where To Sell Gift Cards In Nigeria
Online Gift Card Exchanges
Paxful: Paxful is a popular peer-to-peer cryptocurrency marketplace that allows you to sell your gift cards for Bitcoin. Many Nigerian traders on Paxful are willing to buy various gift card types.
LocalBitcoins: Similar to Paxful, LocalBitcoins is a peer-to-peer Bitcoin exchange platform where you can find buyers for your gift cards.
Gift Card Marketplaces
Cardtonic: Cardtonic is a Nigerian platform that specializes in buying various gift cards, including iTunes, Amazon, Google Play, and others. They offer competitive rates and a straightforward selling process.
Cardnosh: Cardnosh is another Nigerian platform that buys gift cards and pays you in Naira or Bitcoin. They accept a wide range of gift cards from different brands.
Social Media and Forums
You can also explore social media platforms like Facebook and Twitter, as well as online forums like Nairaland, to find individuals or groups interested in buying gift cards. Be cautious when dealing with individuals online and ensure you’re using reputable and trusted platforms.
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Conclusion
Gift card trading in Nigeria has never been simpler. This guide provides essential insights to turn unused gift cards into cash effortlessly. Ensure success by choosing reputable platforms, grasping market rates, and prioritizing security. May your gift card trading journey be both lucrative and secure.
Trading gift cards for cash with Cardvest is very easy. You don’t need to supply many details. Create an account, upload details of your gift card, input your account number and wait for your credit alert. Start trading with Cardvest.
Hi there, I'm Heaven. I'm an entrepreneur, blogger, and digital marketing enthusiast. When I'm not watching anime or learning something new from TikTok, I post and vlog about my incredible life experiences as a digital entrepreneur.
