How to Sell Gift Cards in Nigeria

How To Sell Gift Cards In Nigeria Fast Online [April 2024]

Are you looking for How to Sell Gift Cards in Nigeria 2024? Then this article is for you.

Gift cards are increasingly becoming one of the safest and convenient ways of making payments.

In Nigeria, merchants are gradually accepting gift cards as a means of payment for various purchases.

Not everyone would want to buy items with their gift cards; some persons prefer handling cash than buying goods.

However, being able to trade your gift card comfortably for instant cash shouldn’t be a problem at all.

In this article, I will show you the step-by-step guide on how you can sell any type of gift card in Nigeria at the highest rate.

But first, let us understand what gift cards are and how they work.

What is a Gift Card?

A gift card is a debit card preloaded with a specific amount of money that can be used for a wide range of purchases.

Gift cards can be used to pay for items up to the gift card’s value.

They are appropriate as gifts for birthdays, Christmas, and even graduation.

Gift cards are becoming accepted in Nigeria today because they relieve people from stress.

Gift cards are in two forms, which are (Physical gift cards or digital gift cards).

Physical Gift Cards: They are the most popular kind of gift card. 

Some e-commerce platforms like Walmart and Amazon allow cardholders to purchase cards using physical or digital cards.

Digital Gift Cards: These cards have no physical form. Instead, you are given a unique gift code; with that code, you can make purchases.

If you own a digital card, you can store your unique code in mobile wallet apps such as PayPal’s Venmo, Apple Pay, or Google Pay.

How Does a Gift Card Work?

Gift cards come in the form of prepaid debit cards. These cards are preloaded with money which is kept for use in the future.

Most gift cards have a stipulated minimum and maximum amount that can be loaded into them at the first instance.

Generally, the minimum amount loaded into a gift card is $10, while the maximum is $500 or $1000.

In most cases, you can use the funds in your gift cards to make part payment of whatever you are trying to purchase or balance the expense. 

Therefore, to reduce the risk and effects of losses, it is advisable to register your gift card online.

Registering your gift online makes it easy for your gift card to be tracked and frozen whenever stolen or misplaced.

This is why owning a gift card is somewhat safer than carrying cash around.

There are primarily two types of gift cards:

  • The Closed-loop Card
  • Open Loop Card.

Open-loop Gift Card: Open-loop gift cards are similar to your debit or credit card.

They offer monetary value. Open-loop gift cards are just like debit or credit cards usable at any merchant where they are accepted.

Unlike closed-loop cards, these cards can be used multiple times.

Cardholders enjoy the privileged of loading funds into their cards at will.

However, the downside to open-loop cards is that you might be required to pay an activation fee of up to $4.

The activation fee is paid at the point of purchasing the card.

A Closed-loop Gift Card: These cards are often marketed by stores, giving cardholders the ability to buy anything from that particular retailer.

The disadvantage of closed-loop gift cards is that they can only be used with one dealer, either online or at the local store.

A closed-loop gift card cannot be reloaded, they can only be used once.

Once a cardholder utilizes the funds in their closed-loop gift card, they can no longer use that card.

Also, note that funds loaded into a closed-loop gift card can only be valid for a specific time.

The cardholder can only use the card within that time range

Notwithstanding, if a company owns more than one retailer, they may issue different gift cards that can be used to purchase items at any of its stores.

Sometimes their cards are used interchangeably.

One unique benefit of closed-loop gift cards is that they barely require any activation fee.

Pros and Cons of Gift Cards

Below are some of the advantages and disadvantages of gift cards.

Pros

  • Gift cards are alternative if you prefer not to pay with cash or with a credit card.
  • You gain control over your spending.
  • They are a perfect gift option for holiday seasons.
  • Gift cards are convenient, easy to use, and easy to send.

Cons

  • Some gift cards cannot be reused.
  • Some gift cards are limited to only a specific store.
  • Closed-loop gift cardholders have a limited purchasing power.
  • You may have to pay an inactivity fee if you keep your card dormant without use.

Examples of Some Gift Cards You Can Resell in Nigeria

Here are some of the most popular gift cards in Nigeria. Each of these gift cards has a high selling rate.

Apple iTunes Gift Card

Apple Gift Cards are made explicitly to buy goods and services from Apple Store.

Some of which are: Apple Music, Apple Books, Apple Store app, apple.com, iTunes, Apple TV, and other apple properties.

For Open-loop card users, you can add money directly into your account balance then use the money to pay for any Apple products.

You can pay for games, accessories, iCloud, movies, and many other products the company offers.

Apple iTunes gift card is one the most sought-after in the gift card market, and they are readily available in many gift card retail stores across Nigeria.

Although the value of the iTunes gift card isn’t constant, you can always check for the current rates using our gift card rates calculator.

The price of a $100 Apple iTunes gift card in Nigeria today is N95,000 Naira.

More so, an iTunes gift card is worth 83% of the face value of your gift card if you decide to trade it for cash.

Google Play Gift Card

Google Play gift cards are typical of a closed-loop gift card – nonreloadable or refundable.

These cards are issued by Google Arizona LLC (“GAZ”). You will need a Google payment account to redeem your Google play gift card.

Although they are usable for purchases only on Google Play, the exciting thing about this card is that it has no expiry date and also there are no fees attached.

You can use these cards to buy or rent movies and shows, buy books and apps, and lots more.

You can also trade a Google Play gift card for cash here on our platform at the highest rate.

The price of a $100 Google Play gift card in Nigeria today is N85,000 Naira.

Sephora Gift Card

You can use the Sephora gift card to purchase any physical items from all Sephora stores.

Sephora has a variety of gift cards such as eGift card, eGift card certificate, and the Sephora gift card.

Sephora gift cards are redeemable in stores, online and have no expiration date.

You can also Check Sephora Gift Card Balance before you redeem Sephora gift card.

Sephora has a subsidiary card known as the JCPenney gift card, which almost look the same as the main Sephora gift card.

You can check out to know more about the Difference between Sephora and JCPenney gift card.

The Sephora cards are among the top rated highest gift card rates in Nigeria today.

The price of a $100 Sephora gift card in Nigeria today is N83,000 Naira.

Steam Gift Card

Steam gift cards are unique compared to some other cards. If you are a game freak, this platform is the best choice.

You can use steam cards to buy games, wallet credit, software, and other products and the card can be used as a gift certificate.

Currently the UK Physical Steam gift card is the highest selling gift card in Nigeria 2024.

The price of UK £100 Steam gift card in Nigeria today is N100,000 Naira.

The price of EUR 100 Steam gift card in Nigeria today is N90,000 Naira.

And the price for USA $100 Steam gift card in Nigeria today is N85,000 Naira.

American Express Gift Card

AMEX (American Express Gift Card) is gradually becoming popular in this part of the world.

You can use an AMEX gift card to pay for physical items where AMEX cards are accepted.

The ($300 to $500) American express gift cards are the top selling among the card category of AMEX cards.

The price of a $300 American Express gift card in Nigeria today is N225,000 Naira.

And the price for a $100 American Express gift card in Nigeria today is N75,000 Naira.

Amazon Gift Card

Amazon is one of the largest e-commerce platforms in the whole universe.

There are two ways to use the Amazon gift card in Nigeria and because of its popularity, amazon gift cards can never go out of demand.

You can decide to use it for its original purpose: To purchase items from Amazon stores or exchange your gift card for cash.

You can sell your Amazon gift card for cash and get paid in Naira or Cedis.

The price of $100 Amazon gift card in Nigeria today is N70,000 Naira.

Other Popular Gift Cards You Can Resell in Nigeria Include:

  • Razer Gold Gift Card
  • Best Buy Gift Card
  • Nordstrom Gift Card
  • eBay Gift Card
  • Macy’s Gift Card
  • Target Gift Card
  • Footlocker Gift card
  • GameStop Gift Card
  • Walmart Visa Gift Card.

Top 2 Platforms Where You Can Sell Your Gift Cards In April 2024

Because gift card vendors are now all over the place, it has become somewhat challenging to identify the good from the bad.

And this has made some cardholders skeptical about exchanging their gift cards.

However, If you are looking for a secure platform where you can sell your gift cards for instant cash without stress, then you need to check out these platforms.

Here are the 2 best and most trusted platforms where you can trade your gift cards for instant cash in Nigeria 2024.

1. GiftCardsToNaira

GiftCardsToNaira is a reliable gift card trading platform in Nigeria that buys gift cards from genuine cardholders and pays them in naira/cedi.

We make instant cash payments the moment a gift card is redeemed and you get paid in Naira or Cedis.

All gift card currencies like Euro, Pounds, E-code, CAD, CHF and also other big denominations are accepted on our platform.

You can trade any type of gift cards on this platform at the highest rates.

For quick and fast trading, you can sell your gift cards immediately using our mobile app, download the GiftcardstoNaira Mobile App here.

GiftcardstoNaira is the best app to redeem gift cards in Nigeria 2024.

2. ApexPay

ApexPay is one of the leading gift card trading platforms in Nigeria.

ApexPay offers cardholders a variety of offers for gift cards at high rates.

For instance, when you trade with ApexPay, you enjoy some exciting benefits such as fast trading, swift customer service, instant payment, and top-notch security for your card details.

This platform also has a user-friendly website and app that makes it easy for cardholders to carry out transactions.

You can as well trade any type of gift cards on the ApexPay gift card trading platform.

Best Gift Card Rates in Naira Today [April 2024]

Here is a list of the popular or top gift cards and their rates in Nigeria today.

Note that these prices vary depending on the platform or merchant you are trading with.

However, these are the gift card trading rates here on our platform GiftcardstoNaira.

  • $25 iTunes gift card in Naira = N23,000
  • $50 iTunes gift card in Naira = N47,500
  • $100 iTunes gift card in Naira = N95,000
  • $50 Amazon gift card in Naira = N35,000
  • $100 Amazon gift card in Naira = N70,000
  • $500 Amazon gift card in Naira = N350,000
  • $50 eBay gift card in Naira = N42,500
  • $100 eBay gift card in Naira = N85,000
  • $500 eBay gift card in Naira = N425,000
  • $50 Google play gift card in Naira = N42,500
  • $100 Google play gift card in Naira = N85,000
  • $200 Google play gift card in Naira = N170,000
  • $500 Google play gift card in Naira = N425,000
  • $100 Nike gift card in Naira = N80,000
  • $500 Nike gift card in Naira = N400,000.

Conclusion

Nigerians are becoming increasingly aware of the profits of selling gift cards. 

Selling a gift card and selling them at a profitable rate are two different things.

If you have always wanted to exchange your gift card for cash, you can do that here on our GiftcardstoNaira and get instant payment.

Take advantage of this today to start trading your gift cards on our platform and enjoy peace of mind.

Happy Trading!

 

Read Also: 7 Amazing Facts to Know About GiftCardsToNaira

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