There have been various questions flying around on the internet about gift cards. Well, we should definitely address the major question – what is a gift card? So, if you’ve been curious about what a gift card is, you are reading the right piece.
A gift card is a prepaid card commonly stored with a certain amount of money. Retail stores and banks are known to issue gift cards for various reasons.
Retail stores like Walmart, Amazon, and Sephora provide gift cards to make purchases easy for their customers. This in turn helps to raise awareness and boost business. It is also a great way to reward loyal customers.
Financial institutions also issue gift cards like Visa gift cards and Mastercard gift cards. Certain gift cards can only be used at the issuer’s store while some can be used at any retailer that accepts them.
These gift cards have a preset amount that can be used by holders to buy items at the issuer’s store. Items like clothing, gadgets, home equipment, media content, etc. They come in various denominations ranging from $1 to $5000.
Some gift cards have expiration dates while some do not. The only way to find out is to ensure to read the terms and conditions of any gift card you intend to buy.
Another amazing thing you should know about gift cards is that they are great gift options. When you are unsure about what gift to give your friend or family, the perfect alternative is a gift card. It also gives the recipient the flexibility to purchase whatever they like based on what the gift card can buy.
A gift card is what you can spend just like money. You can use it to buy things at the store instead of your regular cash. Instead of buying a gift for your friend on special occasions, you can give such a person a gift card instead. Retailers commonly produce gift cards for customers to make purchases easy. You can buy a gift card online or at a physical store.
There are different types of gift cards with individual features. Get to know them below:
There are several benefits of gift cards you should know. They include the following:
There are 3 different ways you can redeem gift cards in Nigeria.
This is the most common way to redeem a gift card. You only need to walk into the store if they have a physical location in the country. The way this works is that you pick out the items you wish to purchase, take them to the checkpoint and the total price will be deducted from the gift card balance. This payment is always facilitated by the cashier.
It is easier to redeem gift cards on the issuer’s online store. You can conveniently do this from the comfort of your home. Gift cards you can redeem include but are not limited to Steam gift cards, iTunes gift cards, Xbox gift cards, and Amazon gift cards.
You may be wondering what is a gift card used for in Nigeria. This is the ideal option if you are based in Nigeria. You can sell gift cards for cash conveniently. There are several trading platforms where you can convert your gift card to naira.
The best gift card trading platform in Nigeria is Nosh. You get the best rates for your gift cards. Not just that, you get to enjoy a smooth and fast trading experience. Your wallet is credited immediately after a successful transaction.
Interested in selling gift cards in Nigeria? The first thing you need to do is sign up for an account on the Nosh website or simply download the mobile app.
You will be directed to a dashboard. Navigate to Giftcards and then click on Sell Giftcards. Input all the necessary details required like the gift card name, its subcategory, and the amount. Finally, click on “Begin trade”. It’s just as simple as that.
Gift card is generally admired because of their amazing features. It exists in various gift cards types like closed-loop gift cards and open-loop gift cards which can either be in physical or digital form.
Gift cards can be purchased at physical stores or online. To buy gift cards online, just visit the issuer’s online store to place an order.
They are beneficial to individuals and businesses in diverse ways. Ensure to always check gift card terms and conditions to be aware of any expiration date.
Gift card scams are rampant especially online, it’s best to avoid them. With what we’ve discussed, it’s now easy to spot and avoid them.
The best way to utilize gift cards in Nigeria is to exchange them for cash. Seamlessly trade your gift cards on the Nosh platform.
Tosin
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