You might have been gifted a gift card as a form of payment but because you have no idea how to redeem a gift card, you rejected it and opted for a different payment option. Gift cards these days are pretty famous, they’re prepaid debit cards with a certain amount loaded in them.
In today’s article on NaijaKnowHow, you’ll learn how to redeem a gift card online in Nigeria, and before we go into full details, you might need some insights on gift cards, the types of gift cards out there and how they work.
This article will give you the complete guide you’ll need if you have a gift card and you’ll like to redeem it, and by redeeming your gift card, you’re practically converting it into real cash that can be received in your bank account.
So let’s get started with this gift card how-to guide and before that, let’s get a proper understanding of the term “Gift Card” “Types of Gift Card” and how to convert gift cards into cash.
What Is A Gift Card?
As stated earlier, a gift card is a prepaid debit card that acts as a form of payment and it is widely accepted in different retail stores. You can use a gift card to buy clothes, groceries, apps and games and sometimes it can be gifted as a gift to friends and loved ones.
Gift cards are always in different balances, you can come across a gift card with a balance as high as $500 and as low as $5.
Types Of Gift Cards
There are mainly 2 types of gift cards, these are Physical Gift Cards and Digital Gift Cards. These gift cards are issued from different shopping stores and FinTech companies. Since our focus here is on digital gift cards, then here are some of the very popular types of gift cards you can redeem and convert to cash (naira) below.
- Steam Gift Card
- Amazon Gift Card
- eBay Gift Card
- American Express Gift Card (AMEX)
- Apple Gift Card (iTunes)
- Google Play Gift Card
- Nordstrom Gift Card
- Razer Gold Gift Card
- Sephora Gift Card etc.
What Are Gift Cards Used For?
Typically, as the name goes, gift cards serve as a form of payment that may be used in place of physical cash to make payments at a retail store, online shopping website, restaurant, gaming platforms and other tech-related businesses. However, here in Nigeria, due to the complexity of receiving payments from abroad, a lot of individuals and businesses now prefer sending their associate gift cards instead of cash.
Ways To Redeem a Gift Card
Knowing that gift cards serve as a form of payment, here are ways to redeem your gift cards regardless of your location.
- Gift cards can be redeemed by walking into the issuer’s outlet or physical store.
- Secondly, you can redeem a gift card by simply visiting the issuer’s online platform and activating the card in the appropriate section.
- Lastly, you can redeem a gift card by selling them for cash on a reliable gift card trading platform such as SnappyExchange, Coinlodge etc.
These trusted businesses that trade gift cards are difficult to choose from due to the high level of scam activities online, thus, we’ll be sharing a how-to guide on the top 3 places you can redeem a gift card cash (naira) in Nigeria.
List of the Top Platforms To Redeem a Gift Card in Nigeria
If you want to know how to redeem a gift card, well it’s quite easy and thanks to different platforms that make the conversion of gift cards to cash easy, we’ve highlighted the best platforms to trade your gift cards and the steps taken to make a successful transaction with the listed platforms.
When it comes to buying and selling digital currency online, SnappyExchange is one of the best places you can go to and thanks to their outstanding, fast and reliable exchange services, you can easily redeem your gift cards (Apple, eBay, Amazon, Steam, Google Play, iTunes etc.) with them at the best rate possible. They have a fully functional website, and you can download their Android and iOS app for faster and easier services.
With SnappyExchange you’re guaranteed a no scam zone deal, while they offer gift card redeeming services, you can also use their services to buy airtime and data, pay for electricity bills and so on. So with that being said, let’s see the steps on how to redeem a gift card on SnappyExchange.
Steps To Redeem A Gift Card On SnappyExchange
To redeem any type of gift card on SnappyExchange, follow the given steps below to get started, each step is straightforward.
Step 1: Download the SnappyExchange mobile application
The first thing you need to do is get the SnappyExchange app downloaded and installed on your Android or iOS device, you can do that by clicking the app button below.
Step 2: Register to create an account
Once you’ve downloaded and installed the app, you’ll need to create an account by submitting details like username, email, first & last name, phone number, country and password. Once done, click on the Sign-Up button. A verification email will be sent to your mailbox, verify your email and proceed to the next step.
Step 3: Login and trade
Once you’ve logged in, you’ll see two options that say Trade Giftcard & Trade Cryptocurrency. Click on Trade Giftcard and then select the type of gift card you want to trade.
Step 4: Select Gift Card Country
Once you’ve selected the type of gift card you want to redeem on SnappyExchange, you’ll need to be specific about the country as well. If the gift card is in USD ($), then you’ll need to select the United States as the country.
Step 5: Select Gift Card Type
As we’ve said earlier that there are two different types of gift cards, we have physical ones and digital ones (e-code). Select the type of gift card you want to redeem, and select the amount of the gift card as well as it’ll be displayed beneath, then click on Continue.
Step 6: Upload Card Images
After selecting card type and amount, the next thing is to upload the gift card images, click on the Upload buttons and select the scratched gift cards on your device. Once done, the card will be processed and your redeemed gift card balance will reflect on your SnappyExchange account.
Step 7: Withdraw your funds
Once the expected amount from your redeemed gift card has appeared in your SnappyExchange wallet, you can add your bank details and request a withdrawal and you’ll be credited within a few minutes.
Coinlodge is another great option to redeem a gift card these days and if you haven’t heard about this platform, well it’s a good thing you came across it while looking for a way to redeem your gift cards. Coinlodge is an exchange marketplace where you can convert all your gift cards and cryptocurrency assets into real cash.
Coinlodge has been around since 2018 and there’s no better place to do gift card redeeming business than Coinlodge. Redeeming your gift cards with Coinlodge doesn’t just stop you from getting scammed by fake vendors, it also offers a way to redeem your gift cards at the best rates ever.
Steps To Redeem A Gift Card On Coinlodge
Redeeming gift cards is quite easy on Coinlodge, follow the steps below to get started.
Step 1: Visit Coinlodge
The first thing you need to do is visit Coinlodge official website, then once the website has opened, in the navigation area click on Rates.
Step 2: Check for updated rates and trade
In the rates section, you’ll see different gift cards and their rates. Once you’ve seen the gift card type you want to redeem, let’s say it’s Amazon Gift Card, click on the button that says Trade Amazon Gift Card Now!!!.
You will be redirected to WhatsApp where you’ll send the details of the gift card you want to redeem to the operators at Coinlodge, once your card is valid and redeemed. You’ll get your cash within a couple of minutes.
GiftCardsToNaira is another trusted platform where you can redeem your gift cards for instant cash, they offer good rates and one of the coolest things about this platform is that it accepts over 30 different types of gift cards worldwide.
You can trade your gift cards with GiftCardsToNaira on their Android and iOS App and you can also use their website, so let’s get started with how to trade on this platform.
Steps To Redeem A Gift Card On GiftCardsToNaira
Follow the steps below if you want to know how to exchange your gift cards for cash with GiftCardsToNaira.
Step 1: Download GiftCardsToNaira mobile app
Use the app button below to download GiftCardsToNaira app on your Android or iOS device.
Step 2: Create an account
Once you’ve downloaded the app, launch it and click on the Create An Account Button and select the Country you want to register from, enter your details such as full name, username, email address, phone number and password. Once done, click on the Continue button.
Step 3: Sell Gift Card
Click on the banner that says Sell Gift Card, then select the Card Category, and Enter Amount. Upload the card from your gallery then hit the Submit Trade and if your card is valid, your funds will appear in your GiftCardsToNaira wallet.
Step 4: Withdraw funds
Once your cash has been reflected in your GiftsCardToNaira account, you can now click on the Withdraw button, then enter your account details and your cash will appear in your bank account within a few minutes.
That’s all about how to redeem a gift card and the steps involved in it. The highlighted platforms are the best you can trade your gift cards on without facing any kind of issues. The comment section is open, we will be awaiting your comments as you share your experiences with us about a successful gift card exchange transaction with all the aforementioned platforms for redeeming gift cards.