Have you heard about gift cards? You have seen someone talk about it or you have heard about it on the internet and you do not know what it means? Read this article to the end.
In this article, I am going to be telling the meaning of gift cards, the most common gift cards people use and how you can make money selling or trading them in Nigeria.
What is a Gift Card?
Gift cards are prepaid cards that are loaded with a specific amount of money. This amount of money can be used to buy items or goods from specific stores. There are different types of gift cards and they come in different denominations.
Different Types of Gift Cards
There are different types of gift cards however, gift cards are majorly grouped into two categories. These are:
1. E-Gift Cards
These are also known as electronic gift cards or e-codes. These are digital codes bought online and sent to your phone number or email address.
Here are some popular gift cards in the world that are accepted in Nigeria.
1. Amazon gift cards
2. iTunes gift cards
3. Google play gift cards
4. eBay gift cards
5. Walmart gift cards
6. Target gift cards
7. Footlocker gift cards
8. Nordstrom gift cards
9. Vanilla gift cards
10. American Express gift cards
These gift cards listed above are the ones with the highest rates in Nigeria. They are in different denominations, some ranging from $10 – $1000.
Read also: How to Earn Money in Dollars in Nigeria
2. Physical cards
These are gift cards that are in plastic forms. They are brought from the stores. Physical cards are like the popular debit cards we keep in our wallets.
eCards are the most common type of cards traded in Nigeria for obvious reasons.
Where to get Information about Gift Cards Trading in Nigeria?
There are different websites where you can get information about gift cards. However, the one place you can get constant information is sellgiftcards.africa
Sellgiftcards.africa is a top website that provides tutorials about gift cards and the trading of gift cards in Nigeria. They are the one website that will guide you on trusted platforms and how you can trade you gift cards.
As for websites or apps where you can sell your gifts cards. You can sell your gift cards on sandycards.com.ng or legitcards.com.ng. These two sites are the most popular sites Nigerians trade gift cards to make money.
How much can I Sell Gift Cards in Nigeria?
How much you can sell gift cards in Nigeria depends on so many things like the type of gift card it is, the country it is from and amount of money on the card.
Due to the fact that the prize of gift cards changes regularly you need to always check daily updates for gift card rates. Also, there are websites that can help you calculate the current price of gift cards just in case you are confuse on what they worth today.
As for sites that can redeem your gift cards to naira giftcardstonaira.com is the best website recommended.
How to Make Money Trading Gift Cards in Nigeria
Many Nigerians majorly trade their gift cards or redeem it to naira because most gift cards cannot be used in Nigeria. So instead of allowing it to go to waste or expire they rather make money off it.
Some gift cards can be converted to naira or dollar. It depends on the gift card trading platform you use. But most trading platforms in Nigeria mostly convert the cards to naira.
All platforms must be thoroughly checked making sure they are verified before you go ahead with selling your gift cards with them. You do not want to be swindled of your money so watch out.
There are different process or step to take when it comes to selling gift cards on platforms. However, this is you must common step there is:
1. Set up an account
2. Enter detail of your gift card
Read also: How to Become a Millionaire in Nigeria
You can solely start a business out of buying and selling gift cards because most people in Nigeria do not know how to sell or exchange these cards for money.
You can get started by signing up and setting up an account on a trusted trading platform to start selling. Trading of gift cards is one of the unique ways many intelligent Nigerian youths make money online.
So do not get left out of this business idea. Start trading today.
That’s all in this article. As usual, let me know if I missed any part of this article. Also, let me know if there are topics you want me to write about on the blog or talk about on our YouTube Channel or maybe our podcast.
Image credit to Jiji.ng