The popularity of gift cards has continued to grow in this digital age. This is due to the huge traffic of people on the internet who are using this digital asset. But as gift card trading is one of the best ways to make money online, you may want to know the tips to get the best value when selling gift cards.
Over the years, gift cards have become a viable alternative to making payments – because they are payment methods at some stores.
Different brands issue these cards. Therefore, you can also use the cards as a payment option for products and services in the official stores of these brands.
However, in the event of having a gift card that you do not want to redeem – perhaps it is not a card that affords products and services that enthuse you, selling your card is a great option.
This is because it is better to sell your gift card than leave it to waste – when you know that it has a real-time face value.
In this light, there are some tips to get the best value when selling gift cards. This is what we will be highlighting in this article.
1. Research Different Gift Card Trading Platforms
The increase in gift card traders has increased the proliferation of gift card trading platforms across the online space.
Therefore, it is incumbent on you to do the due diligence of researching many trading platforms to know how they work and understand some of their features.
It is important to know if these platforms accept your gift card while you know their payment options, security features, online reviews, and rates.
You must look out for these features and choose the gift card trading platform that is favourable to you.
For instance, Prestmit is one of the best gift card trading platforms, offering the best rates and a wide range of gift cards.
The platform also has sophisticated security features and positive reviews that can inform your selling decision.
2. Choose A Trading Platform With Low Fees
Notably, selling gift cards on every platform attracts a trading fee, but the fees can be relatively low. It is also common knowledge that the core goal of a trade is to make a profit.
Therefore, looking out for platforms offering low trading fees when selling your card is important.
While some platforms charge as high as 5-7%, there are other platforms whose trading fees are as low as 3%.
So, this is a comparative advantage that you must explore across various platforms on which you can sell your gift cards.
Here, trading fees on Prestmit are relatively low – with no hidden charges or fees.
You can be sure to see your trading fee on our portal before you proceed to sell your gift card on the platform. This makes the trading process on our platform transparent and credible.
3. Look For Promotions And Bonuses
You must keep a keen eye on special promotions and bonuses from various gift card trading platforms. These are incentives that enhance your card rates to maximize your gift card value.
This can be bonus credits or discounts for future trades. As such, you may be captivated to decide on selling your gift card on such a platform.
For instance, Prestmit is notable for offering promotions and discounts that overwhelm gift card traders with a relishing experience on the platform.
Gift card traders can enjoy Prestmit promo code when selling their gift cards to get better rates on our platform.
4. Bundle Your Gift Cards
It is one thing to sell your gift card, and it is another thing to have a good strategy for selling your gift cards.
That is why you need to bundle your gift cards when selling the cards of the same brand.
This is because some gift card trading platforms usually offer higher rates for higher denominations or sell gift cards in bulk.
Therefore, you will get the best gift card rates when you infuse all your cards into a single transaction.
On Prestmit, higher card denominations or selling in bulk attracts higher gift card rates.
For instance, Physical US iTunes gift cards (10-49) are at a selling rate of $420, and Physical US iTunes gift cards (50) sell at $485.
However, it should be noted that these rates are subject to change – which depends on the real exchange rate and the global gift card market outlook.
5. Sell Your Gift Card At The Best Time
It is important to keep up-to-date with the trends and updates in the market value of your gift card to have an overview of the gift card rate.
As such, you must consider selling your gift card when the market atmosphere is favorable.
Let’s reiterate that gift card rates are volatile, hence the need to sell your gift card at the best time.
You can check our gift card rate calculator to know the rate for your card, while you can also create a Prestmit account to receive newsletters that border on trading on our platform constantly.
How To Sell Gift Cards On Prestmit
The following are the quick steps to sell your gift cards on Prestmit:
- Download the Prestmit app on Google Play Store or Apple Store
- Create a Prestmit account and log in
- Click on “Buy & sell gift cards.”
- Click on “Sell gift cards.”
- Choose your preferred payment method (Naira, Cedi, or BTC)
- Select your preferred gift card category
- Choose your gift card type
- Enter the amount of your gift card
- Upload the image of your card or enter the card code in the comment section
- Click on “Proceed’ to complete the transaction
- You will receive payment immediately in your wallet upon the confirmation of the trade
Frequently Asked Questions (FAQs)
Where Is The Best Place To Sell My Gift Cards?
Prestmit is the best place to sell your gift cards. The platform has innovative features that make your trade seamless and secure – a perk.
This means you can conveniently and comfortably sell your gift cards on Prestmit at the best rates.
You can use our gift card rate calculator to know the current rate of your card when planning to sell.
How Can I Get The Best Value For Selling My Gift Cards?
There are some factors to consider when selling your gift cards. These are trading fees, customer reviews, security features, promotions and bonuses, etc.
These and many other factors would enable you to sell your cards safely and at the best rates.
You must always know that selling at the best value underscores gift card trading.
How Can I Sell My Gift Card Fast?
You can sell your gift card in time by trading it on reputable and credible platforms. It could br peer-to-peer (P2P) exchanges or over-the-counter (OTC) platforms. This is the fast and secure way to sell your card.
How Much Should I Sell A Gift Card For?
There is no fixed price to selling your gift card. This is due to its variance across platforms. However, it is best to research your gift card rates on different platforms to know its average rate. This would give you an overview of how much your gift card should be valued.
What Gift Card Has The Highest Selling Rate?
Popular gift cards like Amazon gift cards, iTunes gift cards, Steam gift cards, Google Play gift cards, Sephora cards, etc., have high resale value. This is because popularity affects a gift card rate.
Is There An App To Sell Gift Cards?
You can sell your gift cards on the Prestmit app – one of thr best gift card trading apps in Nigeria and Ghana. This app has all the features to enable you to sell your card fast and safely. You can download the Prestmit app on the Google Play Store or Apple Store.
What Is The Best Site To Trade Gift Cards For Bitcoin?
Prestmit is the best site to trade your gift card for Bitcoin. This is due to the multiple payment options on the platform. While you can sell your gift card for fiat on the platform, you can also sell the card for crypto, like Bitcoin. This is easy with a few steps on Prestmit.
Gift cards can earn you money when you decide to sell them. This makes them more of a prepaid card than just an ordinary card – they hold real-time value.
However, you must remember certain tricks and tips to get the best value for selling your cards. You can save stress by trusting Prestmit as your buddy in buying and selling gift cards.