Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,238 members, 7,818,811 topics. Date: Monday, 06 May 2024 at 05:03 AM

How A Gift Card To Cash Works - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / How A Gift Card To Cash Works (284 Views)

Convert Your Airtime/vtu/recharge Card To Money [Service is No longer available] / Why You Should Not Lend Your Credit Card To Others / Amazon Gift Card To Cart Iphones (2) (3) (4)

(1) (Reply)

How A Gift Card To Cash Works by denkun333: 4:16pm On Sep 15, 2022
How a gift card to cash works
Gift cards are a form of payment that can be used to make purchases at retail stores, gas stations, restaurants and other locations. It is the same as the telephone top-up card, and each gift card has a corresponding card code for top-up. After the top-up is complete, you or the recipient of the gift card can spend money at the accepted place.

For example, if you have a gift card with the Visa logo on it, you can use it to shop anywhere Visa is accepted .Cards, on the other hand, can only be used at certain merchants. For example, if you buy a gift card from Starbucks or Amazon, you or the recipient of the gift card can only use them to make a purchase at the retailer that issued the card.



As we all know, foreign gift cards are a very popular form of tokens. Different from domestic wine table culture, gift cards are the first choice in some developed countries such as Europe and the United States, whether online shopping or gifting friends, relatives and leaders. Gift cards have been popular since 2000 as an efficient and convenient voucher that is not real money. There are many mainstream foreign gift cards, such as Steam (Steam game company), iTunes (Apple), eBay (online shopping platform), Amazon, Razer, Google, AE (American Express) ND (large home furnaces company) and so on. For a long time, a large number of cross-border e-commerce companies in China have been arbitraging through gift card-based models, including overseas shopping daigou, Amazon reviews, game products, movies and newspapers, luxury cosmetics, covering all aspects of People's Daily life.

Due to its low discount rate and easy selling (high domestic demand), giftcard can greatly accelerate the circulation of commodities in Asia, Europe and the United States. Therefore, foreign giftcard is a hard currency equal to gold, and it is also a rising industry in the next few years.

Thanks to the global Internet shopping environment, gift cards are quietly traded in some densely populated areas of West Africa. Based on my years of market analysis, gift cards are even used as common currency in these areas. Why are gift cards so popular in relatively backward regions? As the saying goes, where there is a demand, there is a market. On the surface, gift cards are a normal form of trade between Asia and Europe and the United States and have close relations with Africa. Gotta hand it to our African friends, who have found their way into the legal gray zone, and the big discount gift card has come into being.

At this point, I believe that smart readers have already seen the business opportunities, the market and profit are there. Some countries have exchange rate problems, such as buying a top-up card or gift card for $100, and selling it for $50 on the platform to convert it into cryptocurrency. They can convert $50 of cryptocurrency into domestic currency worth $106-120. In underdeveloped countries and Africa, especially Nigeria, where there is a lot of inflation, they think that their currencies are not holding their value, and they would be better protected by this cryptocurrency. This is also their motivation to trade, a sale can be 10 to 20 percent profit.

Model believe that we have understood clearly, but how to find foreign large discount gift card suppliers or trusted domestic large card companies or like overseas shopping games and other areas of how to operate, is the most novice door-to-door attention to the problem, the right way you can use gift cards for a long time to profit.

In general, the gift card project is not complicated to do. After recognizing the prospect of the industry and taking root to do it, it is a project that can generate revenue continuously. It can give you strong cash flow, compound interest, and all kinds of extensions, and the benefits are considerable.



Therefore, for friends who want to enter the gift card industry in Nigeria, it is very important to have a trusted card dealer studio to cooperate with them. Both entry and technical communication can help you clarify the rules of the industry and get started quickly.

In general, gift card programs are not complicated to do, and when they are rooted in, they can be a source of continuous revenue. It gives you strong cash flow, it gives you compound interest, it allows you to link to extension projects, and it can be very profitable.

If you have any questions, please contact me on whatsapp:+8618671546518
Re: How A Gift Card To Cash Works by Dx01(m): 2:43am On Aug 19, 2023
Purchasing giftcards can be very risky so you have to be extra cautious when you find a deal as lot of scammers are scavenging the internet looking for unsuspected victims to rip. I would recommend tested and trusted platforms like Buysellvouchers, this marketplace allows buyers and sellers trade giftcards with cryptocurrency

(1) (Reply)

I Need A Business Idea / Kim Kardashian Will Be Paying The SEC A Fine Of $1.26 Million For Advertising.. / What Can You Sell With 100 Naira Profit And Sell Out 100 Of It In A Day?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 16
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.