Trade Gift Card In Nigeria: A gift card is a prepaid debit card loaded with a specific amount, which can be used to make in-store and online purchases. A Gift Card looks and functions like a Bank Debit Card, but it is preloaded with a certain amount of money when it is purchased. The Gift Card user can then spend the prepaid amount on several electronic payment purchases online or in retail shops.
It is a common tradition to give a gift card as a gift because it eliminates the hassle of knowing what the receiver likes or not. Say you want to give someone a Nike Shoe, however, there are various Nike Products to choose from, instead, of racking your brain on what the person might like or not, you can buy a Nike gift card to gift the person, they can choose the product they prefer on their own.
As a recipient of a gift card, you can also choose to sell your gift card for cash instead of using it to make purchases. Most gift card issuers don’t offer this service, however, there are gift card exchange platforms where you can easily trade your gift card for cash in your local currency.
In Nigeria, there are numerous gift card exchange platforms, but only a few can be trusted as there are mediocre platforms and straight out scammers in the gift card exchange market, there are popularly referred to as “Rippers”. Using a trusted exchange platform is important in making sure you have a splendid gift card exchange experience, this is where Giftcardshub comes in, the best gift card exchange platform in Nigeria.
Giftcards Hub; Best Platform to trade Gift Card in Nigeria – Trade Gift Card In Nigeria
Giftcards Hub is an exchange platform that is passionate about providing an excellent gift card trading experience to its customers one of the ways we tend to achieve this is by persistently offering our customers a profit margin on their gift cards that stands out from the rest of exchange platforms. We are committed to offering and maintaining the highest trade profit possible on the various gift cards you can trade on our platform so that your loyalty to us will withstand the test of time.
We offer the best exchange rate for your gift cards and you can confirm this by checking the rates for your gift cards using the rate calculator feature on our platforms. You can access our platform through the website or our mobile app. Our mobile app is available for download on the Google Play Store and the App Store.
We have been providing this amazing service since 2017, the customer base we have been gathering since the inception of our platform can testify to how good our service is, you can check online for our review.
We trade eBay, OneVanilla, Nordstrom, Target, JCPenney, Best Buy, Nike, Hotels.com, Macy’s, Gamestop, Xbox, iTunes, Amazon, Steam Wallet, Google Play, Apple Store, Walmart, Sephora, Vanilla, American Express (AMEX), Nike, Foot Locker, Visa, and others.
How to trade your gift card on Giftcards Hub
- The first step is to sign in to your account if you are an existing user. For new users, the first step is to sign up to gain access to the trade function.
- On the homepage click on trade now and select the type of gift card you want to trade.
- Enter the Amount in dollars. The exchange value will be displayed on the interface.
- Proceed to place order
- Set up your wallet by inputting your bank details. You can choose to receive funds to this wallet or directly into your bank account.
- Funds will be sent immediately after your gift card is confirmed.
- Transfer funds to your local bank account through the withdrawal interface.
Types of Gift Cards
There are two types of Gift Cards based on acceptance:
Open Loop: This is widely accepted as it is associated with a popular network – be it Visa, MasterCard, American Express or similar. Open-loop gift cards are accepted everywhere gift cards can be used, they are more like Debit cards.
Closed Loop: These are gift cards that are only accepted at the issuer or merchant store, example of this is the iTunes gift card, you can only use the iTunes gift card to purchase Apple electronic products.
There are also two types of cards based on their ability to reload:
Reloadable: Gift Cards that can be reloaded with money time and again till their date of expiration.
Non-reloadable: This kind of Gift card can be loaded only once. However, in some cases, non-reloadable cards can turn reloadable after a certain registration process with the issuing bank.