Gift cards function similarly to prepaid debit cards in that money can be transferred into them for later use. Occasionally, customers will pay for items online with these distinctive cards rather than credit or debit cards. If you have one of these gift cards, you can sell it on several websites in this part of the world for real money, Bitcoin, or other cryptocurrencies.
If you sell on shady applications or websites, trading gift cards for cash in Ibadan, Nigeria, may prove challenging.
Gift cards are elementary to misplace, and there is no way to get them back. Losing a gift card might occur when you fall victim to fraud or when you visit websites that claim to sell gift cards but never actually do.
Gift card scams are becoming more common online in Nigeria, but the victim has no way to recover their money. However, there are safe ways to swap gift cards that prevent you from losing them to fraudsters by using reliable online exchange services that have shown their reliability over time.
Generally, a mobile app is more user-friendly than a website for gift card-to-cash exchanges. If you belong to that group, you have come to the proper place. The most excellent app to use to trade comfortably at any time, any day, is suggested in this post.
In Nigeria, trading gift cards for cash has already become commonplace. It makes sense that consumers would prefer to change their unused gift cards to naira, given the challenging economic climate.
Selling your unused gift cards shouldn’t be that difficult. Choosing the proper app to complete your transaction smoothly is the tricky part here.
Meanwhile, Open Loop and Closed-Loop gift cards are the two main categories of gift cards.
Several retail establishments, including Amazon, Walmart, and many others, sell closed-loop gift cards. The owners of gift cards are free to make any purchases from any merchant. These cards are not reloadable because they are only usable once.
A closed-loop card is no longer functional once the loaded fund has been used. A closed-loop gift card’s drawback is that it always has an expiration date. It indicates that the gift card owner must use the loaded funds before the card’s expiration date. For weddings, baby showers, and other similar occasions, these gift cards are ideal.
Is It Legal To Sell Gift Card In Ibadan, Nigeria?
Selling gift cards is equivalent to converting the card into a predetermined amount of cash you can spend on things other than those bought with the gift card. It is legal because the buyer will still use the gift card.
If the purchaser attempts to reproduce or counterfeit the gift card without the gifting company’s consent, it will be deemed unlawful. There are a lot of ripoff artists online that can con you by getting your credit card information but not handing you the money since there is a lack of transparency. As a result, many customers are hesitant to exchange gift cards in Nigeria because of trust issues.
However, if you pay close attention, your chances of getting duped are lower.
How Much Can I Sell My Gift Card In Ibadan, Nigeria?
Gift card rates are not constant, hence are subject to change from time to time. Therefore, you must acquaint yourself with the daily updates on gift card rates.
The rates on your gift card on factors like:
- Type of card
- Country of the card
- The amount on the card
Interestingly, there are some gift card trading platforms that have the gift card rate calculator where you can quickly know the current rate of the respective cards.
Top Gift Cards To Sell In Ibadan, Nigeria
1. Steam Gift Card
The easiest-to-sell gift card in Nigeria continues to be the Steam gift card, with the highest prices. Gift cards are pretty popular among traders in Nigeria and around the world since they are easy to convert and have a high conversion value. Many people also prefer to receive gift cards.
Steam cards can buy games, hardware, software, etc. So, if you enjoy playing games, you should consider getting a Steam Gift Card.
2. Google Play Gift Card
One of the best gift cards to sell in Ibadan, and by extension, Nigeria and Ghana at high fates, is the Google Play gift card. The gift card is famous for buying apps, movies, music, and books. The UK Google Play physical card sells the most among other card categories.
3. Sephora Gift Card
Sephora is exclusively for women’s beauty as the brand focuses on beauty products. As a retail brand, shoppers can access Sephora gift card. The cards are redeemable online at any beauty brand that Sephora supports.
There is a pin on every Sephora gift card linked to the company’s credit card with a seal at the back.
4. Apple Gift Card
Apple gift card is well-liked for both their high acceptance rate and rates. At the very least, everyone can attest to the enthusiasm around Apple products, possibly to blame for the high rates this card displays. You can often use the card for purchases at the Apple Store. You may purchase iPads, iPhones, MacBooks, and other items using the card.
5. AMEX Gift Card
If you have an American Express (AMEX) gift card, you can exchange dollars from the convenience of your home. As the most widely used international exchange currency in Nigeria, everyone is aware of the dollar’s significance. The fact that it has a high rate is also evident. It directly translates into its holding an American Express gift card.
The card helps conveniently purchase goods and services from restaurants, petrol stations, and coffee shops.
Where To Sell Gift Card In Ibadan, Nigeria
Prestmit is the best platform to sell gift cards online because it has great features, fast payment options, and excellent prices.
One of these features is an automated gift card rate calculator, which simplifies your trades by letting you know how much a card is worth in naira. You wouldn’t have to be concerned about being out-of-date on gift card rates with this. The Prestmit app is available on the Apple App Store and Google Play Store.
How To Sell Gift Card On Prestmit
1. Create an account with Prestmit and log in.
2. Click on “Begin Trade”.
3. Select “Sell Gift Card” and fill in the trade details.
4. Click “Category” to specify the card to sell.
5. Indicate “Gift Card Type”. It enables you to specify whether you want to sell a physical or an Ecode card.
6. Enter the “Amount” of the gift you want to sell.
7. Upload the gift card image if you sell the physical type. You will have to fill in the codes on the Ecode gift in the comment section.
8. Payout Method. Here, you will indicate the currency type you want Prestmit to pay you. It could be in naira or cryptocurrencies like Bitcoin (BTC) or Tether (USDT).
Selling gift cards in Ibadan, Nigeria, can be easy, secure, and fast if you trade on the right gift card trading platform. Prestmit is one of the leading platforms you can exchange your gift card for cash or cryptocurrency at excellent rates.
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