The global gift card market was valued at approximately $480.56 billion in 2024. It is expected to grow rapidly, with a projected compound annual growth rate (CAGR) of 10.4% from 2024 to 2034. By 2034, the market is estimated to reach a whopping $1.292 trillion. This means that people will continue to buy and sell gift cards around the world.
If you are thinking of starting your gift card-selling journey or receiving a gift card as a gift, this article will guide you through selling gift cards on Paxful without stress.
Understanding Paxful
Paxful has grown in popularity since its launch in 2015. The platform now boasts over 14 million users signing up for secure cryptocurrency accounts and has facilitated an impressive $5 billion in financial transactions. But what really sets Paxful apart is its unique approach to trading.
Unlike traditional cryptocurrency markets, Paxful connects buyers and sellers directly, cutting out the intermediaries. This means no order books, brokerages, or central authorities are needed. It’s a peer-to-peer marketplace that makes trading simple, secure, and accessible to everyone.
Paxful is a peer-to-peer platform that allows people to buy and sell cryptos like Bitcoin, Ethereum, and USDT. It offers over 350 methods of payment.
Many people worldwide use Paxful as a medium to sell gift cards, just as you can also buy gift cards on Paxful. When selling gift cards on Paxful, you can only get paid with Bitcoin or other cryptocurrencies, which are added to your Paxful wallet immediately after a trade is confirmed successfully. This makes Paxful attractive to cryptocurrency enthusiasts.
How To Sell Gift Cards On Paxful
1. Create an account
Visit the official Paxful website or download the Paxful app on Google Play Store or Apple Store and register.
2. Search for gift card offers
Go to the Paxful marketplace and search for the gift card you want to sell. You can sell cards Amazon gift card, Google Play gift card, Steam gift card, Apple gift card, etc. Browse through the thousands of trusted offers and pick whichever one you prefer.
3. Initiate the trade
Click “Start Trade” when you find an offer you like
4. Securely provide your gift card details
You need to be careful with this part. Ensure you only share your gift card details, like the code and balance verification, once the trade is in progress and the buyer asks for them. This keeps your transaction safe and secure.
5. Wait for confirmation from the buyer
After that, wait for the buyer or seller to verify the gift card details. Once they do, the agreed-upon Bitcoin amount will be transferred to your Paxful wallet.
6. Leave a feedback
Finally, be sure to leave feedback for your trading partner. This helps others in the community make informed decisions and builds trust within the platform.
Common Paxful Issues and Solutions
1. Account Verification Issues
If you’re having trouble verifying your account on Paxful, it could be because the verification code was sent to you unsuccessfully, or it ended up in your spam folder. Check your spam folder before requesting a new code
2. Payment Disputes Resolution
If you haven’t received a payment, check your wallet and transaction history to see if there was a delay. If you received the wrong payment amount, contact support and provide proof of the mistake.
3. Common Error Messages
If you see a message saying verification is required, complete the verification process to access the required feature or transaction.
Tips For Selling Gift Cards Safely on Paxful
1. Provide Proof to Your Buyer
The importance of providing proof to your buyer that the gift card is valid and that you own it can’t be overstated. This can be as simple as taking a photo of the receipt to show that you bought it, a picture of the gift card and a screenshot of the balance to prove ownership.
2. Take Screenshots or Record Your Trade
Taking screenshots or recording your trade can help you if any dispute arises. It is strong evidence that you’re an honest trader and can go a long way in helping your case. Make sure to get clear photos and videos showing the trade details.
3. Wait for the Buyer to Ask for Photos
I know that sometimes, we’re eager to close the sale but don’t upload any photos until the seller specifically asks for them. This will prevent any unnecessary sharing of sensitive info. When you share photos, make sure they’re clear and show the details of the gift card.
4. Avoid Redeeming Many Gift Cards in a Short Period
Don’t redeem too many gift cards in a short period. This can trigger merchants to restrict your account, which can cause problems for you and your trading partner. Just pace yourself and redeem gift cards at a reasonable rate.
Frequently Asked Questions (FAQs) About Selling Gift Cards On Paxful
What types of gift cards are accepted on Paxful?
Paxful accepts gift cards from popular retailers like Amazon, iTunes, Google Play, and more.
How long do transactions usually take?
Most transactions on Paxful are completed within a few minutes to an hour, but some may take longer depending on the payment method and the trader’s response time.
What if a trade goes wrong?
Paxful has a dispute resolution process in place. If something goes wrong, contact Paxful support and provide evidence to support your claim. They’ll work with you to resolve the issue fairly.
Which payment methods are most popular on Paxful?
Crypto is the most popular payment method on Paxful, but other popular ones are PayPal, bank transfers, and credit/debit cards.
Conclusion
Do you have a gift card you’d like to sell? You can join the thousands of people selling their gift cards on Paxful and making money. Selling your gift cards on Paxful is easy and straightforward. What’s more? You also get your payments immediately after the transaction is confirmed—no delays, no unnecessary waiting.
