Digital gift cards sales are predicted to hit $698.2 billion in 2024. No doubt gift cards are quite popular but most of them go unused. That is why more people need to look at the aspect of selling their gift cards for cash. I bet you didn’t know you could do that. Keep reading to find out how to sell your gift cards in Nigeria in 2022, for cash.
What are Gift Cards?
Gift cards, also known as gift vouchers, are prepaid cards with a certain amount of money loaded on them. They are used as an alternative means of payment in selected outlets.
Gift cards can be used in retail stores, restaurants, and more! Most of the time, it’s the stores themselves that issue the gift cards and are used to purchase goods and services from that particular brand.
Some popular gift cards which you might have heard of or even owned at some point include:
- Amazon gift cards
- Walmart gift cards
- eBay gift cards
- Target gift cards
- Apple gift cards
- Google play gift cards
- Sephora gift cards
- Razer gold gift cards
- Steam Wallet gift cards
- Foot locker gift cards
And many more.
Gift cards come in various forms, countries and denominations.
Forms of Gift Cards
They exist in two forms:
- Physical cards: These are plastic cards issued by a particular store to be used to purchase goods and services from that store.
- E-gift cards: They are also known as Ecodes. These are digital codes bought online and sent to your email address or phone number.
Selling Gift Cards For Cash
$3 billion dollars in gift cards went unused in 2019 and that’s just one year alone. Imagine the amount of gift cards that have been left unused for so many years.
What do you do when you do not want to redeem a gift card at the store? Just sell them for cash. Do you know you can do that in Nigeria? I’ll tell you how in a bit, first of all, there are some important things you need to know first about your gift card.
How To Check The Balance of Your Gift Card
Before you sell your gift card, you need to know the amount on the gift card. You cannot sell a card that you aren’t sure about the value. The amount on the gift card, plus other factors, determine the rate you’ll get for your card.
Most gift cards allow you to check the balance without redeeming them directly or indirectly. Below are some links and resources to help you check your gift card balance.
- Sephora (Note that Nigerian IP won’t work. You need to use VPN.)
- Best Buy
- American Express (Note that you need to use a US IP)
- Steam Wallet
- Google Play
Things You Need To Know Before Trading Your Gift Card
Before selling your card, there is some information you need to know and input. Some are:
- The amount on your gift card
- Country of your gift card
- Form of gift card
How To Determine The Rate of Your Gift Card
The rate of your gift card is the amount your card is currently selling for. Gift card rates are not constant; they change frequently. You need to constantly stay updated to the rates of gift cards. You can easily do this by using the Rate Calculator feature available right on the Cardtonic platform.
Using the information of your card such as; the category of card, the subcategory and the amount, you’ll get the current rate of your card immediately.
How to Sell Gift Cards in Nigeria in 2022
When selling your gift cards, it is so easy to get scammed as there are a lot of scam pages and platforms out there, so you need to be careful before doing so.
To sell your gift cards in Nigeria, you’ll need a reliable platform to do so. We recommend using Cardtonic.
Cardtonic is an online platform specialized in trading gift cards for cash in Nigeria.
Cardtonic boasts of friendly rates, quick payments, top-notch service and a dope interface which is easy to navigate.
To get started, you have to download the CARDTONIC APP available on both Android and IOS, and sign up.
PS: You can also sell gift cards in Ghana.