Where To Sell Gift Cards in Lagos

The gift card market in Nigeria is experiencing significant growth, with projections indicating it will reach $3 billion by 2028, up from $1.8 billion in 2023. This surge reflects the increasing popularity of gift cards as a convenient and versatile option for consumers and businesses.

In Lagos, the bustling commercial hub of Nigeria, the booming digital economy has given rise to one market that is growing fast: gift card trading. It has proven to be an irresistible opportunity for residents increasingly engaging in gift card trading, viewing it as profitable.

Whether you’re looking to cash out on your Amazon gift card or trade your iTunes balance, understanding the dynamics of selling gift cards in Lagos can be highly beneficial. But before you dive in, there are a few things you need to know to avoid scams and get the best deals when you sell gift cards in Lagos.

5 Best Platforms for Selling Gift Cards in Lagos

When selling your gift cards in Lagos, choosing the right platform can make all the difference. As I said, there are many platforms to sell gift cards, however, here are my five (5) most reputable platforms to consider for selling gift cards in Lagos:

1. Nosh
2. Gift Card Granny
3. SureGifts
4. Paxful
5. Facebook Marketplace

1. Nosh

Nosh is a safe gift card trading platform where you can buy gift cards and sell them easily. It is a Nigerian brand, so you can easily sell your gift cards there if you’re in Lagos. It doesn’t matter what type of gift card you want to buy or the country it belongs to, you can always get it on Nosh. 

On the other hand, if what you need to do is sell unwanted or unused gift cards, you can sell them for cash anytime. When you sell gift cards on Nosh, you can rest assured that the transaction will be swift and you will be paid instantly. No excuses, no delays. 

When you choose to sell your gift cards on Nosh, you get access to the best rates. You can also check your gift card rate with the rate calculator in real-time before selling. The 24/7 customer support shows how reliable Nosh is and guarantees that all issues will be resolved promptly. 

2. Gift Card Granny

Gift Card Granny is another popular online gift card exchange platform. Although it is based in the United States, it also accommodates users based in Nigeria, including Lagos. 

It serves as a legitimate platform for those looking to sell or trade their digital assets. While Gift Card Granny supports bulk selling, users may encounter difficulties in reaching the customer support team, especially for those based in Nigeria.

3. Suregifts

Suregifts is a Nigerian gift card exchange platform that provides a secure avenue for trading gift cards. It allows users to sell popular Nigerian gift cards, such as Spar and ShopRite gift cards.  

However, it’s worth noting that Suregifts faces limitations as they offer relatively lower prices when you sell your gift cards.  Also, they mainly deal with local gift cards, so there might be fewer choices for you as a gift card trader in Lagos. 

4. Paxful

Paxful stands out as one of the largest cryptocurrency trading platforms in Nigeria. They operate on a peer-to-peer model where users can trade or sell their gift cards. 

Since there’s a considerable number of active users, finding a buyer for your gift card on Paxful is usually not a challenging task. However, it’s important to note that the platform’s peer-to-peer nature introduces some security concerns. You have to be sure the person you’re dealing with is genuine. 

5. Facebook Marketplace 

Facebook Marketplace is an extension of Facebook, the popular social media platform. It offers a space for users to buy and sell various items, including gift cards. With the Facebook marketplace, buyers and sellers from different parts of the world are connected. 

While the pricing is flexible, allowing for negotiation, you should understand that sellers interact with individual buyers, not directly with Facebook. This setup allows a potential risk of scams by buyers, and as a seller, you should exercise caution.

Essential Safety Tips Before Selling Gift Cards in Lagos

Before diving into the process of selling your gift cards, it is crucial to prioritize safety. When selling gift cards in Lagos, here are some key precautions you should be aware of: 

1. Research About the Gift Card: Before selling or trading a gift card in Lagos, thoroughly research the specific gift card and its current market value. Understanding the worth of your gift card ensures that you get a fair deal when engaging with potential buyers.
2. Check the Expiration Date: Always check the expiration date of the gift card. Some cards may lose their value after a certain period. In other words, ensure the card is valid and has not expired before attempting to sell or trade it. 
3. Check the Rates: Be aware of the exchange rates offered by different platforms. Compare rates to maximize the value you receive for your gift card. This step ensures that you select a platform that provides competitive rates, optimizing your returns. 
4. Choose a Suitable Platform: Select a suitable platform for selling or trading your gift card. Consider the factors already mentioned in the section above. Choosing a reliable platform enhances the overall experience and reduces the risk of encountering issues during the transaction.
5. Stay Vigilant Against Scams: Avoiding scams requires you to use only reputable platforms and verify the legitimacy of potential buyers or trading partners to ensure secure transactions. Scams often include offers that seem too good to be true or requests for upfront payments.
6. Secure Your Payment: The best platforms pay you instantly or have a well-defined payment process. Always double-check how and when you’ll get paid before selling your card.

Read this guide on digital currency trading in Nigeria.

Factors To Consider When Choosing a Gift Card Trading Platform in Lagos

When selecting a gift card platform to sell your gift cards in Lagos, there are some factors you should consider. You should consider the reputation and security of the platform, payment options and flexibility, range of gift cards, customer service, and the exchange rates and fees. 

Now, let’s talk about them in detail. 

1. Reputation & Security: Ensure that whatever gift card platform you choose has a good reputation and is well secure. Look for reviews and feedback from other users to ensure the site is trustworthy and reliable when handling transactions. Also, check their social media pages to confirm their authenticity. 
2. Payment Options & Flexibility: Consider the payment options and flexibility offered by the gift card platform. Confirm that the platform supports payment methods that are convenient for you. Additionally, look for flexibility in terms of how you can receive your funds, whether through bank transfers, crypto, or other suitable options.
3. Range of gift cards: It’s better to go for a gift card trading platform that supports a wide range of gift cards. A diverse selection gives you more options for selling or trading your gift cards. Choose a platform that offers a variety of cards from different brands. On Nosh, you can buy and sell various gift cards. 
4. Customer Service: Contact the customer support of the platform you want to use to evaluate the quality of their customer service. A responsive and helpful customer support team is important in case you encounter any issues or have questions about the trading process. 
5. Exchange Rates & Fees: Check the exchange rates & fees associated with the gift card site. Understand the rates at which your gift cards will be exchanged and any additional fees involved. This will help you calculate the actual value you’ll receive for your gift cards and avoid unexpected costs.

Gift Card Verification Process

Before selling, verifying your gift card ensures smooth transactions. Follow these steps:

1. Check Balance – Visit the official retailer’s website to confirm the balance.
2. Take a Screenshot – Capture the balance with a timestamp for proof.
3. Document the Card Number and PIN Separately – Avoid sharing both details in one place.
4. Use Secure Channels for Sharing – Always send verification details via encrypted or official communication channels.

Current Gift Card Exchange Rates in Lagos

Exchange rates vary by platform and market demand. As of writing this article, here are the rates of some gift cards:

• Amazon Gift Cards – ₦590 – 610 per $1

• iTunes Gift Cards – ₦1145 – 1165 per $1

• Steam Gift Cards – ₦1385 – 1405 per $1

Always check platform rates before selling, as they fluctuate daily. You can use the Nosh rate calculator to check the current rate of any gift card.

Seasonal Trends in Gift Card Trading

Gift card rates fluctuate based on demand and seasons. Here are the best times to sell gift cards in Lagos:

• December (Holiday Season): One of the greatest times to sell gift cards is during the holiday season, particularly in December. The demand for gift cards is always at an all-time high, as people frequently purchase them as holiday gifts during Christmas and New Year shopping. Gift card-selling platforms usually notice increased rates by up to 10-15% due to high demand.
• Black Friday Period: To enjoy the best Lagos gift card exchange rate, you have to maximize the increase in demand during Black Friday shopping periods and sell at higher exchange rates. Timing your sales at this important time, particularly if you trade gaming gift cards like Steam, and scheduling your sales during major gaming events or new game launches when players are more likely to purchase cards will help you to optimize profits.
• Back-to-School Season – Gift card sales often increase in July and August as parents and students prepare for the new school year. Well-known gift card companies like Amazon, iTunes, and Steam are especially in demand. Due to this demand, you can receive greater payments by selling your gift cards during this period, making it a stable time to sell.

Common Trading Issues and Solutions

Gift card trading may come with challenges. Here are some common issues you may encounter and how to avoid/resolve them:

• Rate Fluctuations – Check real-time rates on different platforms before selling.
• Payment Delays – Choose platforms known for instant or fast payouts.
• Verification Issues – Always provide clear images and required details to avoid verification rejections.

Related article: Safety tips for online transactions with gift cards.

Frequently Asked Questions About Selling Gift Card in Lagos

1. What are the best times to sell gift cards in Lagos?

Demand often peaks during festive seasons like December and promotional periods like Black Friday, leading to promising and better rates.

2. How do exchange rates fluctuate during the week?

Exchange rates can vary based on market demand and platform policies. Regularly monitoring rates can help you identify the most advantageous times to sell.

3. Which gift cards have the highest value in Lagos?

Gift cards from widely recognized brands like Amazon, Apple, and Google Play are typically in higher demand, offering better resell value.

You can maximize your profits and successfully navigate Lagos’s growing gift card market by remaining informed and cautious.

Conclusion

Selling your gift cards in Lagos can be a great way to make extra cash and can benefit you in different ways. The best gift card trading platform is Nosh, which offers high rates and instant payouts. Sign up on Nosh now to get paid for your gift card.

You can use also Paxful to trade directly with users and Gift Card Granny for bulk selling. Facebook Marketplace helps you reach a wider audience, and SureGifts strictly deals with Nigerian brands. 

Before choosing a place to sell your gift cards, consider the factors highlighted in this post and remember to apply them accordingly.