Gift cards are the new cool! They are so much more than just gifts; they have become popular digital assets that you can use for shopping, entertainment, etc. One interesting thing about gift cards is that you can convert them to cash and even cryptocurrency. 

In this digital world today, everyone is maximizing the value of what they have. So, do not be in the bucket of people whose gift cards go unused or unredeemed. Don’t say it’s stressful; redeeming your gift is not stressful. This is why, in this article, we’ll tell you the three different ways to redeem any gift card, online and offline. This way, you get to enjoy the benefits they offer. 

3 Different Ways to Redeem Any Gift Card

Ways to redeem gift card

Redeeming a gift card means making use of the value stored on the card. You can exchange it for goods or services on the platform or store where they accept your gift card. Do you want to redeem your gift card or are you wondering how to do so? Put an end to that thinking process. Here are 3 different ways to redeem any gift card: 

1. Redeem Through Official Channels

To redeem through official channels, means redeeming your gift card directly via the issuing retailer. This is one of the ways of redeeming your gift card online. Be sure that you will get full value for your gift card when you redeem it directly through the issuing retailer. There are no hidden surprises. 

For instance, you can redeem Amazon gift cards online on the official Amazon website by logging into your account and entering your card code. If you want to redeem an iTunes gift card, go to your Apple Store, click your profile icon and select “Redeem a gift card or code.” 

Another way to redeem through official channels aside from digital gift card redemption, is by physically walking into a store close to you that accepts your gift card. For in-store redemption, simply provide your physical gift card at checkout and the cashier will either scan or type in your code to pay for your purchase. 

2. Redeem via Peer-to-Peer (P2P) Platforms

Gift card trading is one of the best ways to make money online. So if you prefer a more direct trading approach, peer-to-peer (P2P) platforms are for you. On these platforms, you get to connect directly with the buyers and sell your gift card straight up. 

Here, you can redeem your gift card at the rate that you want, as long as it aligns with your buyer.

Once you register on a P2P platform and list your card with the necessary details, buyers will offer their prices and you choose the best. From there, the platform’s escrow service will hold the funds until you complete the trade. 

3. Redeem Through Third-Party Services

Another way to redeem your gift card is via third-party services. This still happens online. Instead of using your gift card to make a purchase, you can also convert it to cash or another type of credit. 

For this, third-party services are perfect for exchanging your gift card. On these platforms, you can trade your gift card for cash or even cryptocurrencies and other forms of digital currency. You can do this and get reasonable rates.

Redemption Method Pros Cons
Official Channels
  • No deductions! Enjoy redeeming the entire gift card amount.
  • Direct access to the retailer ensures authenticity.
  • Funds are available to you once you redeem.
  • You can make use of it only at the issuing retailer.
  • You can only use it to make a purchase, no cash conversion. 
Third-Party Services 
  • Ability to exchange gift cards for cash or crypto.
  • Access to multiple gift card brands.
  • Enjoy quick and easy transactions.
  • Some platforms have service charges. 
  • Requires intentional and careful selection of platform for transaction because of scam.
Peer-to-Peer (P2P) Platforms
  • Ability to negotiate desired rate with buyers.
  • Access to preferred payment methods.
  • Broad market of buyers.
  • High risk of scammers and fraudulent buyers
  • Longer transaction time due to negotiation and waiting for buyers.

 

Best Gift Card Exchange Platform in 2025 – Prestmit 

Different ways to redeem gift card

The best gift card exchange platform in 2025 is Prestmit. Here, you have access to over 500 gift card brands which include Steam, Amazon, Apple, Sephora, Google Play, and so much more. Here’s why you should use Prestmit:

1. Extensive Gift Card Catalog

Prestmit has an extensive gift card catalogue. This gives you access to a wide selection of gift cards from different brands. If you are interested in entertainment, gaming, or shopping gift cards, you will definitely find several options to suit your needs.

2. Multiple Payment Options

Flexibility is key here! You have the assurance of seamless transactions as you can choose from different payment methods. These include mobile payments, bank transfers, or cryptocurrency, making it super convenient for you.

3. Automated Gift Card Rate Calculator

The Prestmit gift card rates calculator enables you to know the exchange value of your gift card in cash and crypto in real-time. So this gives you knowledge about how much you will receive when  you sell your gift card on the platform.

4. Fast Payment

Once you redeem or sell your gift card, you receive your payment instantly. We know how important your money is and we ensure you get it as soon as your transaction is complete. 

5. Responsive Customer Support

Prestmit has a 24/7 customer support team that is on standby to attend to your questions and guide you through your transactions. Nothing beats getting a response when you need it to address an issue.

How to Exchange Gift Cards for Cash On Prestmit 

Here are the quick steps to sell your gift cards:

  • Download the Prestmit app on the Google Play Store or Apple Store.
  • Create a Prestmit account and log in.
  • Choose “Gift Cards” and select “Sell Gift Cards.”
  • Select your preferred payment option in Naira or Cedi.
  • Choose the card you want to sell from the “Gift Card Category” and select the “Gift Card Type.”
  • Enter the “Amount” of the gift card you want to sell.
  • Upload the gift card image or enter the code in the comment section.
  • Follow the prompts to complete the transaction.
  • You will receive payment immediately after the transaction is confirmed.

How to Exchange Gift Card For Bitcoin On Prestmit

  • Download the Prestmit app on the Google Play Store or Apple Store.
  • Create a Prestmit account and log in.
  • Click “Gift Cards” and choose “Sell Gift Cards.”
  • Choose “Bitcoin (BTC)” as your preferred payment method.
  • Choose the card you want to sell from the “Gift Card Category” and select the “Gift Card Type.”
  • Enter the “Amount” of the gift card you want to sell.
  • Upload the gift card image or enter the code in the comment section.
  • Enter your Bitcoin wallet address.
  • Follow the prompts to complete the transaction.
  • You will receive payment immediately after the transaction is confirmed.

Common Gift Card Redemption Issues And Troubleshooting

In the process of redeeming your gift card, there are several issues you might face. However, do not worry, here are some common gift card redemption issues and how to fix them:

1. Invalid Code Errors

Most times when you encounter an “Invalid Code” error, it’s usually due to a little mistake, but you can easily fix it. Check very well to be sure there are no typos, as  little as an extra space or a wrong character can result in an error. 

Enter the code exactly as it appears and take note of case sensitivity. Try not to copy and paste the code to avoid mistakes. If it’s still not working, hold on for a few minutes and try again. You can go ahead to contact the gift card brand’s customer support, if the issue still persists.

2. Geographic Restrictions

Some gift cards like Amazon, Steam, Apple, etc. are region-locked. For instance, you can not redeem a UK Amazon gift card in the US. This is because a US Amazon gift card is denominated in dollars which is the supported Amazon card in the country. For these kinds of gift cards, you have to make use of them in the country or region where you made the purchase.  

3. Expired Cards 

While some gift cards like Apple, Google Play, Steam, etc. do not expire, others like Visa, Mastercard, American Express, etc. have expiry dates. Always check for the expiration date on the card. If you find out that it is expired, you can contact the issuer’s customer support for assistance.

4. Technical Glitches

Sometimes, technical glitches are not the fault of that app or website, it might just be your browser trying to pass across a message to you. Hence, if you encounter errors on a website or app, clear your browser cache in settings or check your App Store or Play Store to update the app to the latest version.

Frequently Asked Questions (FAQs) About Different Ways To Redeem Gift Card

What should I do if my gift card code doesn’t work?

Double-check to be sure you did not type in the code wrongly, and check the code for errors. If your gift card code still doesn’t work, reach out to the card issuer’s customer service.

How can I check my gift card balance?

Visit the website or app of the gift card issuer and go to the “Check Balance” section. Type in your card number and PIN.

Are there risks in using peer-to-peer platforms?

Yes, there are risks. To avoid scams, always make use of a reputable platform, verify the buyer or seller, and do not share sensitive information.

Can expired gift cards be redeemed?

Although you cannot redeem a gift card that has expired, some gift card issuers or retailers may have certain policies for reactivating expired cards. Ensure to always check the terms and conditions.

Conclusion

Whatever means you choose to redeem your gift card,  whether it’s through official channels, third-party services, or P2P platforms, always verify the legitimacy of your chosen method. Are you ready to get the most value from that gift card today? Consider using a reputable gift card exchange platform like Prestmit.