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Top 10 Best Gift Cards to Sell in Nigeria Right Now

By Oluchukwu Ikemefuna

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Gift cards have become a permanent fixture since their creation nearly 20 years ago. Gift cards are frequently offered by merchants or banks and are designed to be used as a handy cash substitute for purchases made at a specific store or related establishment.

Navigating the bustling market of gift cards in Nigeria, one is often met with the crucial question: What are the best gift cards to sell in Nigeria right now? With a myriad of options, the focus usually narrows down to those gift cards with the highest rates to sell in Nigeria, ensuring you get the best possible returns on your transactions. 

In Nigeria, where the gift card market is as diverse as its rich cultural tapestry, pinpointing those gift cards that not only offer convenience but also promise the best rates becomes pivotal. 

Whether you’re a seasoned trader or a novice stepping into this lucrative arena, understanding which gift cards are in high demand and fetching the best prices is essential. This includes knowing the brands that are consistently sought after and those that have a reputation for offering rewarding exchange rates. 

Let’s dive into unraveling which gift cards with the best rates are currently considered the best to sell in Nigeria, aiming for those golden transactions that offer both satisfaction and impressive returns.

Why You Should Be Concerned About Gift Cards With Highest Rates in Nigeria

According to statistics, billions of gift cards go to the trash each year. According to Forbes, many firms give gift cards because they understand that a large majority of the gift cards they sell will never be used.

Some gift cards will be misplaced, discarded, or just forgotten. Unredeemed gift cards always increase the company’s earnings.

With that said, why should you lose money to gift card issuers when you can simply sell unwanted gift cards through gift card trading apps?

Therefore, it is critical to educate the general population about the value of their unused gift cards. And some are more valuable than others. 

It is important to note that if you ever find yourself in possession of a gift card and need to exchange it for cash, the following are the best sorts of gift cards that are highly wanted and valued in terms of rate:

Related – How to Convert Gift Cards to Cash in Nigeria and Ghana

Top 10 Best Gift Cards Offer the Highest Rates in Nigeria

The top 10 best gift cards with the highest rates in Nigeria right now are:

1. Apple Gift Card

Apple Inc. produces iTunes gift cards, as well as Apple Store gift cards. The gift card is pre-loaded with a specified amount of money that may be used to make purchases on the iTunes store. The shop offers a variety of services, including music, software, apps, ebooks, and related material.

Apple gift cards are prepaid cards that can be used to make purchases at Apple stores. Checking the gift card balance is simple and requires only a few steps. When you arrive at the Apple gift card balance screen, enter your card number and pin. It will show your card balance.

Apple store gift cards, on the other hand, can be used to purchase physical things such as Macbooks, iPads, iPhones, and iWatches. The current rate determines how much value you may get for an Apple gift card.

2. Amazon Gift Card

Amazon gift cards can be used to purchase digital music, Amazon videos, or merchandise from the Amazon website. Also, the exchange rate of Amazon gift cards varies depending on the type, receipt, and time of year (the rate is often higher near the end of the year).

When dealing with Amazon gift cards, you must comprehend the distinction between Amazon gift card receipts and why some receipts, such as cash receipts, are worth more than others.

When selling an Amazon gift card with a cash receipt, the price might be up to 85% of the original value.

3. Google Play Gift Card

The Google Play gift card provides you with access to the best of the digital world. It allows you to buy apps, games, music, movies, TV series, and other items from the Google Play store.

It is available in either physical form or digitally via email. You may get an average of 85% back on your Google Play gift card. Before you sell a Google Play card, it is a good idea to check the rates periodically because they change all the time.

4. Sephora Gift Card

Sephora gift cards offer a convenient way to shop for a wide range of beauty products, including makeup, skincare, and fragrances. These cards can be utilized not only on Sephora’s official website but also on various partner platforms, enhancing the flexibility of your beauty shopping experience.

Additionally, the option to use Sephora gift cards in physical stores enables customers to explore products in person and receive personalized assistance from beauty experts. This blend of online and offline accessibility caters to diverse customer preferences.

For those looking to maximize the value of their Sephora gift cards, the possibility of exchanging them for cash at an 85% cash-back rate provides an attractive financial option. This can be particularly appealing when there’s a desire to convert beauty product credits into usable funds for other needs or preferences.

5. Nordstrom Gift Card

Nordstrom began as a shoe store and has now grown into an upmarket American retailer that sells a wide range of products such as apparel, shoes, bags, jewelry, accessories, makeup, and perfume. The brand’s expansion beyond its initial emphasis demonstrates its dedication to offering a holistic shopping experience.

Nordstrom gift cards, similar to prepaid cards, provide a handy alternative to cash for purchases at both Nordstrom online and physical stores. These cards provide recipients the freedom to select from the retailer’s wide selection of high-quality products.

As of June 2023, the market value of a $100 Nordstrom gift card in Nigeria is between 65,000 and 95,000 Naira. Market demand, exchange rates, and regional economic dynamics all may have an impact on pricing variations.

6. Steam Gift Card

Steam gift cards are similar to gift certificates, while Steam wallet codes are similar to game activation codes. Both can be redeemed on the Steam platform to purchase software, games, and Steam wallet credits.

Given that Steam specializes in gaming, and there are a lot of gamers throughout the world, there is a huge demand for gift cards, which means it has nearly the highest gift card rates in Nigeria and Ghana. When you swap your Steam gift card on Cardtonic, you can get up to 90% cashback.

7. eBay Gift Card

eBay gift cards can be used to purchase millions of goods in Electronics, Toys, Motors, Fashion, Home & Garden, Art, Collectibles, Sporting Goods, and everything in between. 

When paying with PayPal, eBay gift cards can also be used to purchase things listed on eBay.com. EBay gift cards can also be redeemed to pay for all or part of the cost of any item purchased on the website.

In general, e-commerce gift cards are in high demand since they are utilized by drop shippers and wholesale purchasers, making the eBay gift card one of the most costly gift cards in Nigeria. Your eBay gift card might earn you up to 85% cashback.

8. American Express AMEX Gift Card

American Express gift cards function similarly to other digital assets, issued by AMEX with a fixed monetary value. What sets them apart is their versatility – unlike some gift cards, AMEX gift cards aren’t limited to a specific brand. 

They offer the freedom to make purchases across various platforms that accept American Express as a payment method.

If you’re considering selling your AMEX gift card, platforms like Cardtonic currently offer competitive rates, reaching up to 85% of the card’s value. It’s worth noting that during festive periods, these rates may exceed the standard, providing an opportune time to get the most value out of your gift card.

9. Razer Gold Gift Card

Razer Gold is a popular virtual money used by gamers to buy games, comparable to Steam. If you have an unused Razer Gold gift card, instead of throwing it away, consider selling it to someone who could use it.

Razer Gold gift cards, manufactured by Razer, function as virtual credits that may be redeemed for digital goods purchases on the Razer platform. With over 2,000 games and entertainment options on Razer, these gift cards make a simple alternate payment method.

In Nigeria, a $100 Razer Gold gift card costs between 70,000 and 100,000 Naira at present. A $200 Razer Gold gift card is valued at about 200,000 Naira. It’s worth noting that the selling price of Razer Gold gift cards varies depending on the country, physical or electronic form, and market demand.

10. Nike Gift Card

Nike which is based in the United States established itself as a global powerhouse in the production and selling of a diverse variety of items, including footwear, apparel, and equipment.

This gift card which serve as specialized monetary cards is a simple alternative to cash when purchasing Nike merchandise.

Cardtonic allows people to trade their unwanted Nike gift cards for cash. As of June 2023, the marketplace valued a $100 Nike gift card at between 55,000 and 85,000 naira, providing users with a flexible opportunity to liquidate their unused gift cards.

Read Also – Types of Gift Cards in 2024

Online Platforms That Offer the Best Rates for Gift Card Sales in Nigeria 

In Nigeria, various online sites cater to individuals wishing to sell gift cards, providing competitive pricing and user-friendly experiences. These platforms serve as mediators, bringing together sellers and buyers. Keep in mind that rates can vary depending on market demand and the type of gift card.

1. Cardtonic

  • Overview: Cardtonic is a popular platform with a simple approach and competitive pricing.
  • The Procedure: Sellers can quickly submit gift cards on the website, describing the card’s information and value. The software then generates an instant quote, and upon acceptance, the vendor receives payment immediately.
  • Payment Option: Cardtonic accepts several payment options, including bank transfers and mobile money.

2. Paxful

  • Overview: Paxful is a global peer-to-peer trading network that allows users to exchange gift cards.
  • The Procedure: Sellers create listings, and buyers can select offers that match their interests. The platform functions as an escrow service, ensuring a secure transaction. Payment methods include bank transfers, online wallets, and more.
  • Various Gift Cards: Paxful accepts a wide variety of gift cards, giving sellers choices.

3. Cardnosh

  • Overview: Cardnosh provides dependable and effective gift card-swapping services.
  • Verification Process: Sellers may be required to go through a verification process, which increases security for both parties participating in the transaction.
  • Quick payouts: Cardnosh is known for its quick payout mechanism, which ensures vendors receive their funds quickly.

4. SellCardBTC

  • Overview: SellCardBTC offers a dedicated platform for purchasing gift cards and Bitcoin.
  • Customer Support: The platform is praised for its rapid response to client issues and inquiries.
  • Security methods: SellCardBTC protects its users with security methods such as encrypted transactions and safe payment gateways.

5. GiftCardNaira

  • Overview: GiftCardNaira is a Nigerian platform for gift card exchanges with affordable rates.
  • User Interface: The user-friendly interface allows vendors to easily submit gift cards and receive money.
  • Payment Methods: The platform accepts a variety of payment options, providing sellers with more flexibility.

Before using any site, sellers should conduct research and evaluate things such as security, payment choices, and customer feedback to ensure a seamless and dependable gift card selling experience in Nigeria.

Also Read – All You Need To Know About Digital Gift Cards in 2024

Role Timing Play in Gift Card Sales in Nigeria 

In Nigeria, the timing of gift card purchases can have a significant impact on sales. Consider a river that flows steadily: certain times of the year, such as holidays or special occasions, increase demand for gift cards. 

As a result, it is critical to understand which are the greatest gift cards to sell in Nigeria, particularly those with the highest prices. Consider it like choosing the proper boat for a river: some gift cards will sail nicely while others may struggle. 

You may effectively navigate this market and maximize your sales by analyzing the flow of demand and providing the best gift cards at the greatest rates.

How to Stay Informed About Market Changes?

Keeping an eye on the best gift cards to offer is essential for staying on top of market trends, especially in Nigeria. Look for popular solutions with high rates, and stay up to date on the latest trends. 

Check online platforms and marketplaces regularly for the finest gift card deals. Participate in forums or groups where merchants can discuss their experiences and exchange tips. To obtain up-to-date information, sign up for newsletters from reliable gift card vendors. 

Being aware of the most recent trends and rates will enable you to make strategic decisions when selling gift cards, increasing your returns in this volatile market landscape.

Final Thoughts

Trying to navigate the Nigerian gift card market? Here are the top ten treasures! Consider this: the greatest gift cards have sky-high rates, making them the best option for sellers. Imagine transforming those unused gift cards into a treasure trove. 

From Amazon to iTunes, these cards guarantee not only great value but also a simple selling experience. It’s like turning your gifts into riches! Keep an eye out for these top contenders as you navigate the gift card maze. 

They aren’t just cards; they’re your ticket to the hottest deals in town. Don’t wait any longer to transform those cards into cash!

Frequently Asked Questions 

Which gift card is currently the most expensive in Nigeria?

Amazon gift cards are among the most expensive in Nigeria. Holders of gift cards can use them to buy household items, music, books, and films on Amazon.

How Much Does a $100 Gift Card Cost in Naira?

The amount you receive for a $100 gift card varies on the type of gift card. Some gift cards have high rates, while others have low rates. Generally, a $100 gift card costs between NGN20,000 and NGN100,000.

Which gift card app has the highest rating?

Cardtonic is the greatest gift card trading app in Nigeria as of February 2024 because it has the lowest gift card rates, conducts transactions fast, and accepts all sorts of gift cards.

Reference

  • apexpay.org – Top 10 Best Gift Cards In Nigeria Today [2024 Updated]
  • punchng.com – 15 Best Gift Cards To Sell With Highest Rates In Nigeria

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Onyinyechi Ikemefuna
Onyinyechi Ikemefuna

Ikemefuna Onyinyechi Patience, a skilled Content Writer hailing from Anambra State Nigeria, holds a Higher National Degree in microbiology from Federal Polytechnic Oko, Anambra. Armed with robust research and SEO expertise, she excels in crafting articles spanning technology, finance, healthcare, education, and lifestyle. Her work stands out for its ability to authentically inspire and engage while inciting action. Beyond her writing prowess, Ikemefuna finds joy in reading, exploring movies, and delving into continuous research, contributing to her growth as a proficient writer.

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