3 Steps on How to Redeem Gift Card in Nigeria to Naira

You probably must have been searching the web on how to redeem gift card in Nigeria to naira, or the best site to redeem your gift cards or how you could trade in your gift card for cash in Nigeria before you came across this post. Two things, it’s either you’ve been ripped previously by a fraudulent vendor or you’ve just received your first ever gift card and is looking for how to trade it in for cash instantly.

You May Also Like: How Much Is $50 Steam Gift Card Rate in Naira

Here’s what we’ll tell you for sure, and it’s that you’re at the right place! Prestige Services is the best site to sell your gift cards and get paid into your Nigerian bank account instantly. Now, before we start showing you the steps on how to redeem gift card in Nigeria to naira or blowing our trumpet on successful gift cards trades and all, let’s give you a brief summary on what gift cards are and why they’re so important.

What Are Gift Cards?

A Gift Card is basically a prepaid stored-value money card, usually issued by a retailer, bank or brand to be used as an alternative to cash for purchases within designated stores or online platforms.

In simpler terms, a gift card would generally work and look like your bank debit card, but this time preloaded with a certain amount of money. You, the recipient of the gift card can then spend the prepaid amount on various approved electronic payment purchases made online or offline in retail shops.

It’s important to note, that you actually can’t withdraw the cash loaded in the gift card; it can be used only for payments made through the card. Now this is where Prestige Services comes in, we will load the card on your request and send you the naira equivalent to your bank account. Nice right?

How Do Gift Cards Work?

A gift card is generally a form of payment that could be used to make purchases at approved online and offline stores. Money is loaded onto the gift card or it comes pre-loaded, which you or the gift card’s recipient can then spend at accepted offline and online platforms.

Interestingly, almost all brands and local stores offer consumers gift cards as a way to shop or give money to friends.

Types Of Gift Cards

Before knowing the steps on how to redeem gift card in Nigeria to naira, you should know that, there are two types of gift cards, physical and digital (e-gift cards) and each comes with their own advantages and disadvantages.

But on a wider spectrum, one could say that there are three types of gift cards on the basis of acceptance, ability to reload and the issuer.

Based on Acceptance
Open Loop (or network): With such gift cards, it is widely accepted as it is usually associated with a particular network, be it Visa or American Express. That being said, it implies that these types of gift cards could be used at anywhere that accepts all gift cards of the brand.

Closed Loop: These type of gift cards is only accepted at select online platforms or offline stores or can be used only for a few select brands.

Based on ability to Reload
Reloadable: these are gift cards that can be reloaded with money repeatedly until its expiration date.

Non-reloadable: these are gift cards that can be loaded only once.

Based on the Issuer
Banks/Credit card companies: with gift cards issued by banks, they are usually open looped and may involve administrative fees. This in turn offers the ability to get electronic authorization on the purchased gift card, which will most definitely have an expiration date. There is usually an option to pick if you want it to be reloadable or not.

Also Read: Best Site to Redeem Gift Cards and Bitcoin in Nigeria.

Brand/individual business: gift cards issued by brands and individual business owners are usually a way to retain customer loyalty and increase business sales just like what Shoprite and SPAR are doing here in Nigeria.

What are the Gift Card Brands?

They are over 5000+ gift card brands globally, and brands keep creating more as they look to retain customer loyalty. Here are some of the most popular gift cards globally and gift cards with the highest rate in Nigeria:

• Onevanilla Gift Cards
• JCPenney Gift Cards
• Macy Gift Cards
• OffGamers
• Visa
• Razer gold gift card
• Pakistan gift card
• Apple gift card
• American express gift card
• Applebees gift card
• Apple pay gift card
• iTunes Gift Cards
• Amazon Gift Cards
• Steam Wallet Gift Cards
• Walmart Gift Cards
• Apple Store Gift Cards
• Google Play Gift Cards
• eBay Gift Cards
• Vanilla Gift Cards
• Sephora Gift Cards
• Target Gift Cards
• Best Buy Gift Cards
• Nordstrom Gift Cards
• Play Station Gift Cards
• American Express Gift Cards
• Nike Gift Cards

Are Gift Cards Used in Nigeria?

Yes, they are widely used in Nigeria. In fact, gift cards use and trading have gained serious popularity amongst the youth in Nigeria in recent years. According to a report, the global digital gift cards industry generated $258.34 billion in 2020 and is anticipated to generate $1101.03 billion by 2030.
And we don’t need a pastor to let you know that Nigeria is one of the top countries that take gift cards trading very seriously.

What Gift Cards are accepted in Nigeria?

Almost all gift cards are accepted here in Nigeria. Looking at the local brands that allow you purchase gift cards like SPAR gift cards, GAME gift cards, JUMIA gift cards, FILMHOUSE cinema gift cards to international gift cards that you could trade in with Prestige Services for Nigerian Naira like Google Play, Play Station and iTunes gift cards are all accepted in Nigeria.

How to Redeem Gift Card in Nigeria to Naira

So, you’ve probably read all we’ve written above about what gift cards are, the different types of gift cards and now how to redeem your gift card in Nigeria to Naira with Prestige Services. Redeeming your gift cards with Prestige Services is very straight-forward with 3 easy steps:
Step 1: Initiate Chat via Whatsapp
Step 2: Send clear gift image or e-code
Step 3: Gift card would be verified and cash sent directly to your Nigerian bank account.

Ultimately, our hope should be that you’ve been enlightened and would now want to trade in your gift cards with the surest plug in Nigeria – Prestige Services. Click here to trade your gift cards to naira with Prestige Services.

We hope this article helped you learn a thing or two on what gift cards are and how to redeem gift card in nigeria to naira. If you liked this article, then please share with your network.