Over the decades, gift cards have become increasingly popular in Nigeria. Today, many companies and individuals use them as an alternative to gifts. Others use them to purchase foreign-brand goods, easing the pressure of currency conversion. But have you ever wondered, especially in Nigeria, how it’s so easy to obtain these vouchers? Well, that’s where the resale of gift cards in Nigeria comes into play.
Literally, gift card resale refers to selling gift cards that you own but no longer need. But on a deeper level, it involves large online platforms purchasing gift cards from manufacturers and selling them in retail quantities to consumers.
Today, we will dive into how gift card resale works in Nigeria and what it’s all about.
What is Gift Card Resale?
Gift card resale refers to purchasing gift cards from manufacturers in bulk and selling them to businesses or individuals. Some might define this term as selling unwanted or unused gift cards on authorized platforms. While this definition isn’t entirely incorrect, it isn’t entirely accurate either. In this context, gift card resale involves buying gift cards in large quantities and then selling them at a discount to companies and individuals.
Gift card dealers are companies or platforms that buy gift cards in bulk from different manufacturers and sell them to businesses, companies, or individuals. They simplify the process of acquiring gift cards by eliminating the hassle of buying them directly from retailers.
Most of the people who visit gift card dealers are businesses or companies that want to give various types of gift cards to their employees or customers.
The entire concept of gift card resale is to collect large quantities of gift cards and then sell them as a retailer to anyone who needs them. Gift card resellers can be considered wholesalers in a chain of stores.
How Did Gift Card Resale Start in Nigeria?
For decades, one major challenge Nigerians have faced is how to pay for products and services from merchants in other countries. Using Nigerian naira to pay for products from international brands that use US dollars has always been problematic. Over the years, the increasing exchange rates have made payments even harder. Gift cards have become a simple solution to this issue.
Gift card dealers recognized this challenge and decided to relieve the pressure on Nigerian individuals and businesses.
Imagine if you’re a Nigerian wanting to buy items from Amazon. Paying in naira would make each item cost much more. What’s even more concerning is that Nigerian debit cards no longer work for online payments. Getting an Amazon gift card solves this problem.
Purchasing Amazon gift cards from Amazon still requires payment in dollars, which still brings payment challenges. Therefore, gift card resellers (wholesalers) offer these gift cards at discounted rates in local currency. With this, you can shop and pay for products in other currencies (especially dollars) with minimal pressure.
How Does Gift Card Resale Work in Nigeria?
In Nigeria, gift card resale takes place on digital transaction platforms that allow the buying and selling of gift cards. Some are peer-to-peer (P2P) platforms where you can directly sell your gift cards to other users who are willing to pay via your preferred method.
In the context of this article, gift card resale refers to platforms where businesses and individuals buy gift cards. So, how do you buy gift cards from these platforms?
Another way to look at this issue is from the perspective of selling unused gift cards. So, how can you sell your gift cards for cash?
We’ll consider both perspectives to ensure you can easily resell your gift cards or buy from gift card dealers.
How to Sell Gift Cards for Cash in Nigeria
Selling gift cards through SGCP is as simple as 1-2-3-4. Here’s a brief overview of our process:
- Visit SGCP: Go to the SGCP website and navigate to the “Sell Gift Cards” section.
- Check the Exchange Rate: Once on our site, you can check the exchange rates at any time using the rate calculator.
- Prepare to Sell: When you’re ready to checkout, click “Sell Now!” Our official staff will assist you via WhatsApp, providing one-on-one service to answer your questions and help you complete your card transaction.
- Receive Payment: You’ll receive payment directly into your preferred account.
Best Platforms for Reselling Gift Cards in Nigeria
Nigeria has several gift card resellers. They offer shopping services for a wide range of global brands and also allow users to sell unused or unwanted gift cards. Below are the top 5:
- SGCP is a leader in the gift card dealer market. It is one of Africa’s top digital transaction platforms, recognized for offering the best user experience. On SGCP, you can sell gift cards for brands like Amazon, Sephora, Target, Walmart, Google Play, iTunes, Razer, Steam, Nordstrom, and many more. You can also sell unused gift cards and receive payments in naira or cryptocurrency. SGCP offers the best exchange rates in the market. Use our exchange rate calculator to view real-time rates. SGCP provides fast transaction speeds, high security, and quick payments, as well as other features like bill payments and cryptocurrency lending.
- Cardvest Cardvest is an easy-to-use platform for buying and selling gift cards at favorable rates. It specializes in gift card trading and guarantees fast transactions.
- Paxful Paxful is a peer-to-peer platform where you can buy and sell gift cards. It’s one of Nigeria’s largest gift card dealers with thousands of users, making it easy to find the seller or buyer you’re looking for.
- Giftcardgranny Giftcardgranny is another large online gift card trading platform. Although the company is based in the United States, users in Nigeria can still securely trade gift cards.
- Nosh Nosh is another reliable gift card trading market where you can trade multiple brands of gift cards. It operates around the clock, offering high security and favorable exchange rates for Nigerians.
Benefits of Gift Card Resale in Nigeria
Gift card resale offers several benefits, whether you are using a platform or selling unused or unwanted gift cards as an individual. Some of the benefits include:
- It makes international transactions easier.
- It’s another way to utilize unused gift cards.
- Companies and businesses can easily give various gift cards to employees without purchasing directly from manufacturers.
- It boosts the brand visibility of gift card brands.
Conclusion
In Nigeria, gift card resale has two meanings. One is purchasing large quantities of gift cards from different brands and selling them at a discount to individuals and companies. The other definition is individuals selling unused or unwanted gift cards for cash.
Nigeria has many gift card dealers. These platforms facilitate the buying and selling of gift cards, solving the widespread issue of international payment difficulties in Nigeria.
You can visit any of the top platforms listed in this article, but the best one is https://www.giftcard123.com. Start enjoying the best rates in the market now.
