How To Redeem Gift Cards In Nigeria In 2024

Gift cards are among the most popular gifts worldwide. While some might see them as a simple option, many have come to recognise the valuable benefits and versatile uses they offer. In recent years, their popularity has only grown. I remember the first time I encountered one. I thought it was a prepaid or debit card. However, with time, I realised how unique gift cards are and what they can do.

When you have a gift card, the first thought you would have is how to make good use of it. Many people think the only way to do this is to spend it in-store. The truth is that there are several ways you can maximise the use of your gift card. In this article, I will show you how to redeem your gift card in Nigeria in 2024.

What Are Gift Cards?

Gift cards have monetary value but are fixed-amount cards. You can use the gift card to buy anything you want as long as the retailer accepts it as a means of payment. We have different types of gift cards, and they work in different ways. The important thing to note is that you cannot use these gift cards to withdraw money from machines, unlike debit cards. Gift cards can be the perfect gift to give a friend.

Types Of Gift Cards You Can Redeem

There are two main types of gift cards: open-loop and closed-loop. Open-loop cards can be used at any branch of the issuing business, while closed-loop cards are limited to the specific location where they were purchased.

Gift cards come in two forms: physical cards and e-codes sent to your email upon purchase. Depending on the issuing brand, they also come in a range of denominations—$10, $50, $100, $200, $500, and more.

Gift cards work similarly to traditional debit cards, though they can’t be used to withdraw cash from ATMs. Like a bank card, they contain information such as a code that you input online or in-store to redeem and use the card’s balance.

A gift card voucher is a preloaded card that serves as a payment method at stores, restaurants, and other places where it’s accepted. Issued by businesses, gift cards allow customers to buy items or services directly from the issuing brand.

Three Different Ways To Redeem A Gift Card In 2024

Here are the top three ways to redeem your gift card in 2024;

Redeem Gift Card In a Physical Store

One of the most popular options is redeeming a gift card in-store. For example, if you purchase an eBay gift card at a convenience store or supermarket, you can use it at any location where eBay is allowed. To redeem your Apple gift card in-store, simply choose your items and present your physical card or e-code at checkout. The cost of your selected items will be deducted from your gift card balance, similar to using a debit card. This method is especially common with supermarket gift cards.

Gift Card Online Store/Website

Gift cards can also be redeemed directly on the issuer’s online store. For instance, if you have an iTunes gift card, you can use it to purchase anything from the iTunes store. Gaming gift cards are also popular for this type of online redemption. Many online stores with physical locations also accept their gift cards online, letting you shop comfortably from home. Just enter the card details, and the amount will be added to your online balance for purchases.

Redeem Gift Card By Reselling It

Another way to redeem your gift card is to trade it for money. Rather than shopping in a physical or online store, you can exchange your gift card for its cash equivalent. However, Ridima is the best place to redeem your gift card. They offer the highest rates, fast payout, and high-quality services. Here is how to get started;

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.

Conclusion

Now that you have learnt about how to redeem gift cards in Nigeria in 2024, it is time to get started. If you want to get the cash equivalent for your gift card, Ridima is the perfect place for you. Download the app to get started.