In Nigeria, which gift card has the highest rate? People who want to sell gift cards in Nigeria often ask this question. Why? Because they are constantly looking for gift cards with a high resale value. Knowing which gift card has the highest redemption rate is a plus.
Gift cards are a popular and cherished gift given on most occasions. Gift cards come in different types like visas, master cards, and American express. With this type of card, you can give someone money with the assurance that they will be able to use it for whatever they want.
The vast majority of us have gift cards that we do not require. We most likely received them as gifts or won them in a contest. Yet, according to research, many cards go unused year after year.
However, the reason for this is not implausible. Firstly, gift card holders are not required to shop at any retailer. Secondly, in some countries like Nigeria, there is a lot of fraud on these gift cards, which makes them useless to some people.
Redeeming gift cards for cash, on the other hand, does not give you the card’s face value, which is why each brand of the gift card has a resale value. The gift cardholder does not receive the card’s full monetary worth. Depending on the site you’re using, the cost of redeeming gift cards varies greatly.
The resale value of a gift card is what makes it appealing. In this article, we will be looking at the top 5 gift cards that have the highest rates in Nigeria in 2022.
A Gift Card?
This type of payment can be at restaurants, retail stores, gas stations, and other places. Put money on the card. You or the person who has the card can use it at any location that accepts it. You can also use it to perform other types of financial transactions.
How Gift Cards Work
For the Gift card to work, you must load funds onto the card, after which you or the gift card recipient can then use it at any location that accepts it.
Gift cards are of two types, namely: open-loop and closed-loop. An open-loop gift card is a type of gift card that can be used anywhere where that particular brand of card is accepted. So, for example, if you have a gift card with the Visa logo on it, you can only use it to make transactions where a visa is accepted.
On the other hand, a closed-loop card can only be used at particular retailers. So, for example, if you buy a gift card from Starbucks, you or the gift card recipient can only spend it at the company that issued the card.
The following are the top 5 gift cards with the highest rate in Nigeria 2022. They are:
Google Play Gift Card
Google Play Gift Card is a prepaid gift card loaded with a specified amount of money used to purchase paid things on Google’s play store, such as apps, movies, games, books, etc. Google Play gift cards are reusable. After you have used up your balance on your card, you can refund the card again.
Despite its well-known Google error, this gift card has been extremely popular. It is because Google Play is extremely easy to sell. Because more than 75% of mobile users have an Android operating system, Google Play has a lot of apps. It gives you instant access to many games, movies, books, and other entertainment apps on your devices. Using Google Play gift cards, you can now simply purchase your favorite program on Google Play from anywhere and at any time.
Then, in just a few minutes, you can recharge your Google Play gift card online and add funds to your Google account.
Also, it is the second gift card with the highest interest rate in Nigeria today. You can redeem it at the Google Play store if you have a google account. You can, however, sell it on Prestmit for immediate cash. A $100 Google Play gift card costs between N30,000 and N40,000.
Apple / iTunes store Gift Card
An iTunes Gift Card is a card you can buy at almost any store and buy things in the iTunes store without using your credit card. The gift code is the number on the back of the card you enter to redeem it and send the money to your iTunes account.
Apple is unquestionably everyone’s favorite because it is the most popular gift card and is widely available at most stores. For purchase from the iTunes Store, App Store, Apple Books, or Apple TV app, you can use a gift card from the App Store & iTunes.
Think of it as a credit for virtual goods. Gift cards for the App Store and iTunes are added to your Apple ID balance. You can use them to buy movies, games, apps, books, music, and TV shows.
One of Nigeria’s greatest gift cards has the highest market trading rate. On Prestmit, a $100 apple store gift card is currently priced between 35000 and 45000 nairas.
This value is not constant because it fluctuates frequently; however, a $100 iTunes purchase falls inside that range. Content codes do expire, unlike App Stores, iTunes Cards, and Apple Music Gift Cards.
Amazon Gift Card
An Amazon Gift Card is a card that is pre-loaded with a specific amount of money and sent to a specific recipient through email, post mail, or another manner. The recipient can use their Amazon Gift Card to purchase anything on Amazon.
This card will never be out of style. It can be used to buy both physical and digital items from Amazon. When you exchange an Amazon gift card for cash, you can earn up to 92 percent of the face value back, especially if you have a cash receipt.
A $100 Amazon gift card with a cash receipt might fetch as much as N35,000 on the black market.
Sephora Gift Card
Sephora gift cards are used to make purchases in Sephora stores. You can also use the Sephora card to purchase items at Sephora retail outlets and locations within JCPenny’s. It has a rate that is almost identical to the Google Play Card.
In addition, due to identical content as beauty brands, Sephora gift cards and Nordstrom gift cards are typically the same prices. Currently, a $100 Sephora can be purchased for between 35,000 and 45,000 nairas. Read about how to sell sephora gift cards.
eBay Gift Card
eBay gift cards can be used to shop for Electronics, Toys, Motors, Fashion, Home & Garden, Art, Collectibles, Sporting Goods, etc. When paying with PayPal, eBay gift cards can be used to pay for things listed on eBay.com. eBay gift cards are used to pay for all or part of the price of an item on the website.
eBay gift cards are among the most popular and have the greatest redeeming rates. The eBay gift card is available in denominations ranging from $10 to $500. In addition, the eBay gift card is available in both physical and electronic forms.
One of the numerous advantages of an eBay gift card is that it does not expire. eBay offers gift cards for purchase on their website or in stores.
