If you’re looking for where to sell your gift cards in Nigeria, you might find it challenging to know where to start. With many options available, it’s essential to find a trusted and reliable platform that offers the best value for your gift card. In this blog post, we’ll discuss the market demand, and popular gift cards and give you tips on where to sell your gift cards for the best rates in Nigeria.
Table of Content
I. Introduction
A. Overview of gift cards as a popular gift option
Gift cards are a type of prepaid debit card that may be used to make purchases at a particular store or business. It can be redeemed in-person or online for goods and services and is often issued in a set monetary amount. Gift cards are frequently given as presents because the giver usually wants the recipient to decide what they wish to buy with the money on the card.
Gift cards are growingly popular either as a means of trade or gifting option, particularly for gifting option because not everybody wants to use their gift card at the place where it was supposed to be used.
B. Purpose of the blog post
The purpose of this blog post is to enlighten you on where to sell your gift cards in Nigeria and sell it the right way so as not to get into the hands of scammers or illicit buyers.
II. Understanding the market for gift cards in Nigeria
A. Market demand for gift cards
In 2020, the market for gift cards was $437.78 billion. Still, from 2021 to 2028 (due to prediction) the revenue has dramatically increased to $1,396.01 billion insinuating that the market demand for gift cards keeps growing both at home and abroad.
B. Consumer behavior for gift cards
Consumer behavior for gift cards over the few years has shown increased demand and a rise in the value of gift cards. This interest varies, it could be either giving or receiving gift cards, brands they can trust with their gift cards, where they can buy or sell in bulk, and so on.
C. Popular gift card brands in Nigeria
When it comes to buying and selling gift cards, there are various brands and organizations that come to play, some have been in existence over the years while others are just coming into the limelight. A few of the popular ones where you can sell your gift cards in Nigeria are Coast, Cardtonic, and Patricia.
III. Online Platforms for Selling Gift Cards
A. Overview of online platforms for gift cards
The essence of online platforms where gift cards can be sold is due to the fact that some individuals can decide not to use their gift card in a store or to purchase an item and rather want the monetary value attached to the particular gift card. In situations like this, platforms that buy gift cards come to play by buying these gift cards and paying individuals in return.
B. Coast as a platform to sell gift cards
As earlier stated one of the platforms where you can sell your gift cards is Coast and it has been in existence for a while, the main aim of this platform is to serve as an easy and stress-free means for selling gift cards.
In the bid to achieve that, an application has been created and the use of manual sales has been scrapped.
C. Benefits of selling gift cards online
Selling gift cards online has immense benefits and one of it that it helps improve your cash flow, it is profitable due to the rapid daily increase, and for brands that have applications you can save on the app and lots more.
IV. The Process of Selling Gift Cards
A. Preparing the gift card for sale
Preparing your gift card for sale is crucial in the selling of gift cards. It is important to check all the necessary details on the card, if it is a card with an expiration date make sure to check the date and make sure the card is still valid and not yet used.
B. Selling the gift card online
After making sure the above points are valid on your card, you can proceed to contact the brand you’d like to sell your card to, get a rate as the rate differs just like gift cards differs, and move to have a smooth transaction process.
V. Conclusion
A. Summary of selling gift cards in Nigeria
Selling gift cards in Nigeria is becoming a trend that most people are hopping on which means that it is a legit business, all you have to make sure of as a seller is to verify the brand you want to sell your gift card to in order to avoid theft.
B. Benefits of selling gift cards
Selling gift cards has immense benefits and one of it that it helps improve your cash flow, it is profitable due to the rapid daily increase, for brands that have applications you can save on the app, helps in tracking your spending, and so on.
C. Final thoughts and recommendations
I hope this blog post has given you a good insight into how and where to sell your gift cards in Nigeria.
However, selling gift cards can be done in numerous ways but to avoid stress, theft, scam cases, or low rates, sell your gift cards with Coast NG Resources. The best platform to sell your gift cards and get the best value out of them.
Download the Coast App
Also Read: The benefits of buying and selling gift cards on a trading platform.
