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30 December 2024 by GiftTradeNG Team

What Happens to Gift Cards After You Trade Them?

Ever wondered what we actually do with the gift cards we buy? Here's a transparent look at how the gift card trading business works.

A question we get surprisingly often: 'What do you do with all these gift cards?' Here's the honest answer.

The Global Gift Card Resale Market

Gift card trading is a legitimate, multi-billion dollar global industry. Cards bought in Nigeria are typically resold in international markets to buyers who purchase them at a discount compared to face value. This creates value for all parties.

How We Verify Cards

Before we pay you, we verify that the card has its full balance using the official balance-check API for each brand. This takes seconds for most digital cards.

Why Can't We Just Use the Cards Ourselves?

Most gift cards are region-locked (US Amazon, US iTunes, etc.) and require US payment methods or US accounts to use. This is precisely why they have a cash value in Nigeria — someone in the US will pay a premium to buy them at a discount.

Is It Legal?

Gift card resale is legal. Gift cards are a form of stored value, and reselling them is no different from reselling any other product. We operate fully within Nigerian law.

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