Gift Cards are one of the best presents in the world. Many people love receiving gift cards on their special occasions because of its versatility. This means, a gift card can provide access to a wealth of premium experiences like gaming, streaming their favourite music or movies, and even shopping.
Also, a gift card can be worth a lot of money if you are in Nigeria. Two different gift cards can have the same denomination but have different naira equivalent. Once you learn how to determine the rate of gift cards, you can have an idea how much Naira you would get.
In this content, I will show you many things. You will learn about how to calculate the rate of your gift card, how to buy and sell gift card, and even be able to identify the most expensive gift cards. Just keep reading.
How to Calculate The Rate of Your Gift Card
You can use the Ridima calculator to find out how much your card is worth.
See the process below;
- Open the Ridima calculator.
- Select the Gift Card Category.
- Use “Select Country”
- Choose “Select Type”
- Choose “Select Gift Card Sub-category”
- Input the “Amount”
You will see the rate of your gift card displayed at the top of the Ridima App.
Here are some of the most expensive gift cards on the Ridima App;
- Ebay Gift Card – Current Rate = 1100/$
- Apple Gift Card – Current Rate = 1170/$
- Macy’s Gift Card – Current Rate = 1200/$
- Steam Gift Card (US) – Current Rate = 1200/$
- Sephora Gift Card – Current Rate = 1230/$
- Footlocker Gift Card – Current Rate = 1250/$
- Visa Gift Card – Current Rate = 1250/$
- Steam Gift Card (Europe) – Current Rate = 1310/$
- Razer Gold Gift Card – Current Rate = 1320/$
- Steam Gift Card (UK) – Current Rate = 1540/$
Buying and Selling Gift Cards Via the Ridima App
Buying is not the same rate as selling, as everyone wants to make profit. This means that if you buy an item at 50 Naira, you will most probably sell it at a higher price to make profit. Buying and selling gift cards operate using the same principle.
However, Ridima is more concerned about customer’s satisfaction. Hence, it is the best platform to sell or buy your gift cards.
See the processes involved below;
Selling Gift Cards
Like my introductory section, you can sell your gift cards on Ridima with no hassle. The platform is known for instant payout and easy process. Follow closely to see the processes below;
- Register and Create an account via the website
- You can also download the mobile app from the Google Play Store or Apple Store.
- Set up your account profile.
- Verify your BVN for added security.
- Add your bank account details for easy fund withdrawal.
- Click TRADE GIFT CARDS and select SELL GIFT CARDS.
- Search for a desired gift card.
- Specify the currency and card type (Physical card, Ecode, Receipt, etc.).
- Enter card details: sub-category, value, and amount.
- Review the payout in Naira and proceed.
Confirm the transaction and receive instant cash in your account wallet for withdrawal or card equivalent.
Buying Gift Cards
Ridima also allows you to buy gift cards. The process is quite similar to selling your gift card, as it is easy and instant.
- Register and Create an account via the website
- You can also download the mobile app from the Google Play Store or Apple Store.
- Set up your account profile.
- Verify your BVN for added security.
- Add your bank account details for easy fund withdrawal.
- Click TRADE GIFT CARDS and select BUY GIFT CARDS.
- Search for a desired gift card.
- Specify the currency and card type (Physical card, Ecode, Receipt, etc.).
- Enter card details: sub-category, value, and amount.
- Input your pin and authorise the transaction.
Frequently Asked Questions About Varying Gift Cards Rates
Question 1: Which gift card platform has the highest rate in Nigeria?
Ridima offers the highest gift card rate in Nigeria. This is in addition to their stress-free transaction.
Question 2: How can I know the rate of my gift card?
You can use the Ridima calculator to determine the rate of your gift card. In just a few steps, you can know how much your card is worth in Naira.
Question 3: Which gift card has the highest rate in Nigeria?
The rate of gift cards is uncertain for several reasons. As of today, Steam is the gift card with the highest rate. However, it belongs to the United Kingdom and is currently worth #1625.
Question 4: How can I resolve the “Activation issue” on my gift card?
You can contact the gift card brand to resolve activation issues. However, if you purchase your card from Ridima, customer support is readily available to resolve your challenges.
Question 5: Can the rate of my gift card increase if I keep it?
The rate of a gift card is determined by several factors, which makes it unpredictable. While one may hope for an increment in rate, you can also expect a possible decrease. The choice is yours. Note that this is not financial advice.
