Gift Card Economics: Understanding Rates and Value When Selling

Generally, selling a gift card will only get you between 50% and 90% of its actual face value. This disparity exists mainly because gift cards are less versatile than cash. You're limited to spending them at specific retailers, which often leads to these cards sitting unused, eventually expiring in some forgotten drawer.

The problem of unused gift cards

Based on recent statistics, a staggering amount of money is lost each year through unused gift cards. Although there are no specific numbers for Nigeria, research in the United States indicates that nearly half of all Americans have at least one unused gift card. This equates to about $21 billion in unused store credit and gift vouchers! Companies issuing these cards are the primary beneficiaries, as they pocket the unspent balances as extra profits.

If you're tired of letting your gift cards collect dust, why not turn them into cash with Quchange? This app to trade gift cards offers some of the best exchange rates in Nigeria. Here's a quick rundown of the kinds of cards you can sell through the app:

Selling Amazon gift cards

Amazon gift cards are versatile, allowing you to shop for a variety of items on Amazon's platform. The amount you can get when you use this app to trade gift cards varies, but rates often spike during high shopping seasons. You could get up to 85% of the card's face value.

Trading iTunes gift cards.

iTunes gift cards generally fetch a high rate when you're looking to trade. The condition of the card may affect the rate, but on average, you can expect up to 83% of its original value when using this app to trade gift cards.

Swapping Google Play gift cards

Google Play gift cards can be exchanged for a wide range of digital products, like apps, games, and entertainment content. Using a good app to trade gift cards, you could get around 85% of the card's face value in cash.

So, if you have any of these top-performing cards in Nigeria for 2023, use Quchange to trade them in for cash. The platform is not only secure but also offers you the best rates.

Don't let your unused cards go to waste anymore. Get the most out of them with Quchange!

About the author:

This article is written by Damilola from Quchange. Quchange is the best and most secure trading company, where you can sell/exchange your gift cards which you have won and get instant Cash/Naira. Trading is made easier with Quchange, as it offers a wide range of gift cards to exchange for cash. Join our community of more than 40k satisfied customers and begin your trading journey with us. Download our app for seamless trade, with instant payment on your account.

Article source: https://article-realm.com/article/Business/52553-Gift-Card-Economics-Understanding-Rates-and-Value-When-Selling.html