Sell Gift Card In Nigeria 2022
Sell Gift Card In Nigeria 2022: When trading gift cards, the exchange rate is a pretty important factor to consider before choosing a platform to trade on and so is transaction speed. No gift card trader wants to wait for hours or days before receiving payment for their gift card exchange. So as you are searching for a high exchange rate you should also look out for transaction speed for peace of mind. To scale through all huddles of late funds transfer and low exchange rates, trade your gift card with Cardvest.
Cardvest has been a gift card exchange service to lots of traders over the years and has built up trust in the gift card trading community, hence you can trust Cardvest to trade your gift card for the highest possible return and get paid in time.
The best vendor to trade your gift card not only in Nigeria but in Ghana included is Cardvest. Cardvest was founded in 2016, and the company has grown to be one of the most trusted gift card vendors in Nigeria and Ghana. Since its inception, Cardvest has built brand loyalty with thousands of customers across the country, thanks to the outstanding services provided over time.
Within Nigeria and Ghana, Cardvest is the gift card trading app that gives the highest rate. The company’s website is also properly designed; you can easily check the exchange rates for various gift cards before committing to a trade.
Tradable gift cards on Cardvest
- Google Play gift card
- iTunes gift card
- Apple Store gift card
- Nordstrom gift card
- Sephora gift card
- OneVanilla gift card
- Amex Gold gift card
- Steam Wallet
- Razer Gold gift card
- Nike gift card
- Xbox gift card
- Walmart gift card
How to sell gift cards on Cardvest
Others might follow the rough road, but Cardvest does it the simple way. In 6 easy steps, you are ready to see your gift card funds roll right into your local bank from anywhere in Nigeria. Visit the Cardvest website or download the mobile app on Google Play Store and follow the steps below;
- Create an account and Log in with the required credentials
- Navigate to the trade card menu
- Choose the specific gift card you want to exchange
- Provide the card number and other details as demanded
- Wait for a few minutes to get verification and confirmation
- Your chosen payment method will be credited immediately after your gift card is verified.
Interesting facts about gift cards
- $3 Billion in Gift Cards Were Unused in 2019
While prepaid gift cards are a common holiday gift, with more than half of American consumers purchasing one, that doesn’t mean they’re been used.
In 2019, an estimated $3 billion in gift cards went unused. The reason behind it is that some holders lose track of their gift cards or misplace them, while others don’t shop in places where their gift cards are valid.
According to an estimate of the Mercator Advisory Group, up to 3% of the gift card dollars are never redeemed either in-store or online.
According to the director of the group’s Prepaid Advisory Service, C. Sue Brown, customers spent around $98.6 loading up gift cards in 2020, which means almost $3 billion was left on the table.
- Men Seem to Spend More On Gift Cards Than Women
It is found that men spend more on gift cards than women, $162.01 and $144.62.
That’s just about a $20 difference, which won’t even cover the expense of one gift card.
And when it comes to gift cards, whose age group spends the most? Grandma and Grandpa spend an average of $186.44 a year on gift cards.
- Digital Gift Card Sales are Predicted to Hit $698.2 Billion in 2024
In recent years, the global digital gift card industry has experienced strong growth, which is expected to continue through 2024.
According to a recent survey conducted by Persistence Market Research (2017), the global market for gift cards is expected to hit $698 billion by 2024.
This development is sparked mainly by changes in customer buying behaviour. Consumers have gradually moved away from paper gift certificates and toward digital ones
Retailers and wholesalers see this development as a new opportunity, as proof of digital gift cards have noticeably risen over the last few years.
Around 65% of customers are now purchasing digital gift cards without any ads, which is 33% higher than last year.
And here, the secret is the rapidly expanding mobile advantage of gift cards and other innovative e-commerce tools, which has helped boost market appeal for digital gift cards.