A Giftcard can mean many things. In North America for example, it is referred to as a gift certificate, in the United Kingdom, it is a prepaid stored-value money card that is usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses.
In Nigeria, giftcards are pretty much equivalent to money. This is because the stores that issue giftcards are located in the United States, the United Kingdom, and a number of other countries outside Nigeria. Stores like Amazon, iTunes, Walmart, etc. are primarily located in the United States for example. Although these stores may have online coverage that can be accessed in Nigeria, the general practice for Giftcard usage in Nigeria is to convert the value of money stored in it for its Naira alternative. This practice is called Giftcard trading.
What is Giftcard trading?
Giftcard trading is a common practice in Nigeria. Just like how people trade cryptocurrencies and foreign currencies, here in Nigeria people also trade giftcards. The reason being that we do not have as much use for the Giftcards as other people in other countries who utilize it for its primary function.
Trading Giftcards in Nigeria
Trading Giftcards in Nigeria may involve selling the card to official Exchanges like Cordial Exchange, or via the black market to private individuals. The process simply involves converting the value worth on the Giftcard to a corresponding amount depending on the rate fixed by the buyer.
Cordial Exchange serves as one of the official Exchanges in Nigeria known for buying giftcards from people who desire to sell their giftcards in exchange for its Naira value in cash. When compared to black market buyers, dealing with an authorized, registered and legitimate company is the safest bet. This is because it is guaranteed that you avoid any fraudulent deals or complaints with your trading process.
How to trade Giftcards on Cordial Exchange
Step ONE: Visit the Cordial Exchange website at www.cordialexchange.com. Once you are in, simply register if you do not already have an account with us. Registration is super easy and fast. If you already have an account with us, then you can just log in simply to access your dashboard.
Step TWO: On your dashboard, locate the giftcard section on the header and click on it.
Cordial Exchange only allows you to sell your Giftcards. There are no options to buy Giftcards because we do not sell Giftcards to the public, we only buy from the public. The reason is to ensure convenience and provide a safe and secure platform for people to sell their giftcards at better rates without stress.
Step THREE: The giftcard section displays a total of eighteen (18) giftcards that we currently buy from customers. They include popular giftcards like Sephora (the UK, US and CAD variant), Amazon, iTunes and Steam giftcard; and not very popular ones like Macy, Nordstrom, Amex and Footlocker. Having a combination of both statuses of giftcards only shows that Cordial Exchange goes that far to ensure the customer’s needs are met conveniently.
Step FOUR: Once you select on your desired giftcard you wish to sell, the site takes you to another page where you select the appropriate country the giftcard originates from. This process ensures your naira worth is calculated appropriately at the best rates possible. You are also required to select and fill where applicable, other details of the giftcard like the size and the currency value/amount in it.
Step FIVE: The next step is to take a clear picture of the back view of the giftcard. Please note that the giftcard must already be scratched to reveal the digits for verification and confirmation. Once the file is properly uploaded, you may input the order details (any other thing you would like us to know about the gift card. THIS FEATURE IS OPTIONAL). After this, select the size of the giftcard. The size of the giftcard depends on the amount of money inside it. Small giftcards range below 200 dollars, and large giftcards range above 201 dollars. Go ahead to click on upload giftcard when this process is finished.
Step SIX: Immediately your giftcard is uploaded, you get a successful notification, and your Naira wallet is credited in few minutes. Please NOTE that verification time differs depending on the type of card. For giftcards like eBay, Amazon, Steam or Google play for example; verification takes 5 – 10 minutes. Bad cards are declined and the reason for the decline is usually displayed for your notice.
In six easy steps, you gain extra cash by trading your giftcards with Cordial Exchange at a better rate. Once your naira wallet is credited, you can easily;
- Withdraw to your bank,
- Transfer the money to another Cordial user,
- Use the money to buy Bitcoin or
- Simply leave the money there to save with us until you need it at a later time.
Trade your giftcards with Cordial Exchange so easily with zero regrets and wahala. Your Cordial Exchange dashboard awaits you.
SIMILAR POST
In Nigeria, giftcards are pretty much equivalent to money. Giftcard trading is now easy, secure and flexible with Cordial Exchange. Read to find out how to trade Giftcards on Cordial Exchange.
