4 Key Things To Know Before Trading Gift Cards For Cash

by Card Haveins


Posted on January 23, 2019 06:36:12 AM



Recent advancements in Fintech have made gift cards an essential part of mainstream financial sector. One of those advancements is Blockchain technology. This is why gift cards are no longer seen as a lazy gift by anyone. Moreover, the application of Blockchain technology has now made gift cards tradable for people to gain financial cushion to deal with their day-to-day small financial needs or emergencies. It is because they can sell their gift cards online instantly to get their balance credited to their bank account.

So far, this is the only thing people have come to about using gift cards in a different way. This is also because some gift card trading havens (platforms) have now come into existence. But this is not the only thing you should keep your knowledge limited to about the use of gift cards. In simple words, if you plan on selling gift cards for online instantly for cash, there are some useful things you need to know about.

For example:

The types of gift cards:

This is the first thing you should know before trading your gift card for money. There are two different types of gift cards as mentioned below:

Retail gift cards:

Gift cards of popular retail brands like Amazon, iTunes and STEEM etc. fall in the category of retail gift cards.

Bank or cash gift cards:

Gift cards that you get from your bank fall in the category of bank or cash gift cards. Both types of gift cards are tradable. You just need to find the best place to sell gift cards for cash.

The money your bank account is credited with:

Many people nowadays want to know about the amount of money their bank account is credited after selling an unused gift card. The answer to this question is very simple for them. The amount of money their bank account is credited with is proportional to the amount of balance in gift card sold/traded. Once all the required formalities are completed to perfection, your bank account is credited with money within three to six minutes.

The currency your bank account is credited with:

This is one more important point that you should know about. You can trade your unused gift cards to get currencies like Naira, Cedis and Dollar.

Gift cards now provide extra financial cushion:

Since gift cards have become an essential part of mainstream financial sector, gift cards can now be used to access the balance for dealing with day-to-day financial emergencies. It becomes possible when you find some best place to sell your gift card for cash. This is how gift card you sell go on to become/provide that extra financial cushion you need.

The list of things to know about modern-day gift cards is definitely not limited to the points mentioned here. The whole credit goes to the advent and application of Blockchain technology in Fintech sector. The application of Blockchain has impacted Fintech sector in many ways and has also made gift cards the part of traditional mainstream financial sector. As a result, you now have the option of trading your gift card to get your balance credited to your bank account. If you are thinking about trading your unused gift card for money, we could be the best place to sell gift card for cash you are looking for. How? Give us a chance, you will get to know!

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