The advent of the digital age has given rise to assets like gift cards that enable access to products and services across physical and online stores that support them. The viability of gift cards can be attributed to their real-time value, which makes them a better option than regular gifts. This feature has also positioned trading cards as one of the best ways to make money online in Nigeria. But there are Things to know before selling your gift cards in Nigeria.
1. Understand Your Buyer
It is essential to know your buyer before considering selling your gift card. This hinges on the ideology that there is no market without customers because demand drives supply. As such, you must know the type of cards your customer wants before selling them.
Notably, there are many gift cards in the market which serve varying purposes. This is what informs the decision of buyers on what card to buy. Therefore, you need to understand the type of gift card your buyers want, maybe gaming gift cards, shopping gift cards, entertainment gift cards, etc.
Additionally, you must know who your customer is to prevent yourself from possible gift card scams. The digital space has become a hotbed of scammers devising different means to steal users’ funds. That is why you must ensure to sell your card to someone you can quickly contact and not an anonymous entity.
You can also stay safe by selling your gift cards at reputable platforms like Prestmit to avoid falling prey to malicious entities.
2. Trade With A Buyer Willing To Pay
Gift cards can not be borrowed or leased. They are assets that provide you exchange for products or services when redeemed. It is also expected to make money from cards when you sell them. Therefore, it is imperative to sell your gift cards to a buyer who is ready to pay before or after taking delivery of the card.
How can you know a buyer who is willing to pay? You can adopt the strategy of ensuring your buyer pays before sending the card to them. This prevents losing your card to a fraudulent buyer who disappears after getting the card. It, in turn, results in loss of funds.
Therefore, you may need to trade your gift card on trusted platforms like Prestmit, which ensures payment before delivery from entities purchasing cards.
3. Stay Updated With Gift Card Rates
Like the volatile crypto market that swings prices, gift card rates are also not fixed. The value of gift cards is largely driven by their demand in the market. So, it is essential to know the real-time rate of the card you want to sell to know how much its equivalent will be in Nigerian naira or cryptocurrency.
This knowledge helps you to know when to sell your gift card and make profits – which is the hallmark of every trade. If you are looking for how to know the exchange value in real-time, you can use the automated gift card calculator on Prestmit to inform your selling decision in making gains.
How To Sell Gift Cards On Prestmit In Nigeria
Here are the quick steps to sell gift cards on the platform:
- Visit the official Prestmit website or 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 your preferred payment, which could be in fiat or cryptocurrency.
- Select the card you want to sell from the “Gift Card Category” and choose the “Gift Card Type.”
- Enter the “Amount” of the card you want to sell.
- Upload your gift card image or enter the code in the comment section.
- Click “Proceed” to complete your transaction.
- You will receive payment immediately upon the confirmation of your transaction.
Frequently Asked Questions (FAQs) About Things To Know In Selling Gift Cards In Nigeria
Can I Sell My Gift Cards In Nigeria?
Yes, you can sell your gift cards in Nigeria, as there are different methods. But you can trade your cards on Prestmit because the platform provides all innovative features that enable you to make profitable trading.
When Can I Sell My Gift Cards?
There is no particular time to sell your card. This means that you can sell your gift card anytime to make money. You just need to look for a buyer or, perhaps, sell your card on Prestmit.
Do I Need Any Knowledge To Sell Cards In Nigeria?
Yes, you must stay updated with gift card rates to know the value at which you will sell your card. This also helps you to decide on the best time to sell your gift card.
Conclusion
Gift card trading is an excellent way to make money if you take the right steps to sell your gift cards. While you need to look for a buyer and know about gift rates in real-time, it is safe to sell your card at a platform that gives you confidence as you make profits.
If you are considering where to sell your gift cards, Prestmit is the answer!
