Do you have a gift card lying in your drawer with no idea what to do with it? Well, let me help you. In this article, I will focus on how to make money with gift card online.
It’s funny that many people do not know about the exchange of gift cards for cash because the number of unused gift cards is alarming. Instead of making extra money for the issuing company, you can take advantage of the gift card yourself.
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What You Should Know About Gift Cards
Gift cards have become the new norm among big and small retail brands. It’s an acceptable payment method in the form of a card preloaded with a certain amount of money. You can use it to make purchases both online and offline.
They are also great gift options for friends and loved ones. The amazing thing is that its uses are not limited to just that. You can also decide to sell your gift card for cash. It’s a term referred to as gift card trading. Keep reading to learn more.
What You Should Know to Make Money with Gift Card
There are several factors that surround gift card trading. Before we talk about how it’s done exactly, what are the things that lead up to it?
Gift cards are a popular gifting option in the US and across the world. Yet many gift cards go unused every year. Why is that so? One of the reasons could be that the receiver of the gift card does not like the gift card brand or is not interested in redeeming the gift card.
Another reason could be related to the country/region. This means if you got a US Amazon gift card but are based in the UK, you can’t redeem it. Also, most of these brands do not have a branch in Nigeria where they can be redeemed. Do you see where another issue comes in? All these factors are contributing to the number of unused gift cards annually.
Now, what do you do? This is where you decide to make money with gift cards. It could literally be another source of income for you. Buy gift cards at discounted rates from platforms like CoinCola and sell on a platform that offers high rates. And trust me, if you do your research right, you will be able to see a gift card trading platform in Nigeria with the best rates on all gift cards.
Tips on How to Make Money With Gift Card Trading
Buy gift cards at low or discounted rates.
It’s important you do your research before dealing with anyone online. Many online scammers have been ripping off people with gift cards. As much as you are looking for a seller at low rates, verify you are dealing with a reputable person or business. You can check out Facebook Marketplace, Craigslist, Quora, or Reddit. Since gift cards come at different rates, be mindful of the type of gift card you buy.
Sell the gift card to platforms with high rates
There are many fishes in the ocean when it comes to gift card trading platforms in Nigeria. The real deal is dealing with the biggest fish. Certain platforms like Nosh ensure to offer the best rates on all gift cards when compared to others. The strategy here is to ensure you earn profit through gift card trading. While you are on the lookout for the best rate, ensure the platform is trustworthy and security-enabled.
Advantages of Leveraging Gift Card Trading
Gift card trading is a side hustle you can do from literally anywhere in the world. This means it doesn’t stop you from doing your 9-5 job. You can get back home or use the lunch break at work to earn some money. Nothing like the possibility of getting fired or not coming to work early. You are your own boss. You also have full control over how much you want to buy and exchange.
Personally, I do not think leaving your gift card unused is a wise move. It’s okay if you do not have an interest in the issuing company. But there is a better way to leverage it and actually use it. I mean, who doesn’t use money? Simply get a good trading platform and sell your gift card for cash.
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