Thanks to the revolution of the internet, online gift card trading, among other online financial transactions, has become such a norm all around the world today that it has become a lucrative and well-walked path to financial independence. The convenience that comes with being able to trade from one’s personal space, irrespective of location across the world is part of its great appeal. But, as lucrative and convenient as it is, adequate care must be taken along with a large dose of thorough and meticulous research when one is about to dabble in it.
You might wonder why it is necessary to carry out meticulous research and take adequate care before dabbling into gift card trading and the reason is quite a simple one.
Like most good things, a large number of people are attracted to online gift card trading and a percentage of this number are a bunch of scam artists who are out to prey on individuals who have not done their research or are complete newbies to the world of online gift card trading.
For this reason, this article has been carefully put together to help individuals who are interested in online gift card trading but don’t know what their first steps should be.
What Are Gift Cards?
Gift Cards are debit cards that have been preloaded with a specific amount of money that can be used to buy goods or engage the services of either the company or store that issued them or even another company or store that accepts such gift cards.
Essentially, these gift cards replace the need for a customer to have physical cash, a credit card, or a bank debit card before they can purchase goods or services.
These gift cards could come either in the physical form or digital(e-code) form and can be of different financial denominations and currency depending on the country it is issued from.
What Should I Know Before Trading My Gift Cards?
Trading gift cards simply is a kind of buying and selling; an individual who possesses gift cards can sell them for an agreed amount of money to another individual who is interested in those particular gift cards. The gift cards can also be traded online through websites and mobile apps founded for that particular purpose.
Trading your gift cards online and exchanging them for money can be a sort of landmine that blows up in your face when done incorrectly which then necessitates knowing and carefully considering several factors before trading your gift cards.
Some of the factors you should consider include:
Gift Card Identification:
Before you can trade your gift card whether online or physically you’ll need to have all the information that identifies the specific gift card in question as authentic and not a stolen card. You’ll need to know:
- the type of gift card it is; is it an Amazon gift card, Sephora card, iTunes gift card, Macy gift card, Walmart gift card, Google Play store card, AMEX gift card, or any other type of card.
- the specific amount of money and the denomination preloaded on the card;
- the category of the card; is the card a single store card that can only be used at the store that issued them, can the card only be used at any of the branches of the issuing company, or can the gift card be used at any store?
Exchange rate of the gift card
Different companies that offer online gift card trading services have different rates for trading gift cards, so it is important to have a general idea of how much the gift card you want to sell or buy is worth. Trading with just any company might mean shortchanging yourself badly in the end. Because of this companies like Grip.ng which provide non-crypto services allow their users to calculate the rates for their gift cards before even trading.
Website/Mobile App To Trade the Gift Card
This is one of the most important factors you have to consider before trading your gift cards. There are a lot of websites and mobile apps that advertise their expertise in trading gift cards of any type and even boast that they offer the best, most competitive exchange rates, but unfortunately, most of these companies are fraudulent companies.
However, there are a handful of legit and trustworthy companies who deliver 100% on their promises to trade your gift cards seamlessly and at the best rates possible. One of these handfuls of companies is Grip.ng. Grip.ng is a legit and honest company and it was founded by Zabira Technologies- one of the most reputable Fintech companies around the world.
How Can I Trade Gift Cards For Money Online?
If you have carefully considered all the important factors you should know before considering trading your gift cards and are now ready to trade, then read on.
If you have done your research carefully you would know by now that trading with Grip.ng is the best option for you. So I’ll be showing you how you can trade your gift cards for money on the Grip.ng website or mobile app.
Grip.ng has completely perfected its services such that every step you take to trade with them is hassle-free.
To trade your gift card on the Grip.ng website or mobile app, follow the steps outlined below:
- Launch the Grip.ng website or mobile app on your device
- Tap on Get Started
- Log into your Grip account. You’ll be automatically redirected to your dashboard once you are successfully logged in.
- Tap on Trade from the options under Available Services
- Tap on the ellipsis (. . .) at the top right corner of your screen and select either the buy option or the sell option depending on what you want to do.
If you want to make a gift card purchase:
- Select which of the gift cards you want to trade from the many options available.
- Click on the add gift card to add the cards you want to buy.
- Choose a country from the options
- Select one of the card types from the options available under the chosen country
- Select the card value
- Select the number of cards you are interested in buying
- Tap on add gift card once you are done
- You’ll be redirected to another page to confirm the details of the transactions and the purchase cost
- Tap on buy gift card once you have confirmed the transaction details.
- Confirm the transaction summary and tap continue
- Enter your transaction pin. If this is your first transaction and you haven’t set a transaction pin you’ll be automatically redirected to a page where your transaction pin be set within a few minutes.
- Tap on verify
- Your trade will be confirmed and completed within minutes.
If you want to sell a gift card:
- Select which of the gift cards you want to trade from the many options available.
- Click on the add gift card to add the cards you want to sell.
- Choose a country from the options
- Select one of the card types from the options available under the chosen country
- Select the card value
- Select the number of cards you are interested in selling
- Tap on add gift card once you are done
- You’ll be redirected to another page to confirm the details of the transactions and the selling price
- Tap on upload gift card once you have confirmed the transaction details.
- You’ll be required to upload a clear image of the gift card
- Enter the gift card E-code
- Tap on upload
- Confirm the transaction summary and tap continue
- Enter your transaction pin. If this is your first transaction and you haven’t set a transaction pin you’ll be automatically redirected to a page where your transaction pin be set within a few minutes.
- Tap on verify
- Your trade will be confirmed and completed within minutes.
Following the outlined steps accurately will have you safely and enjoyably buying and selling your gift cards on the Grip.ng website or mobile app.
However, if you don’t have a registered account with Grip.ng you will be unable to perform any trading activity whatsoever. If you would like to start trading your gift cards online using the Grip.ng platform, simply follow the steps outlined below to become a registered user on Grip.ng platform:
- Open the website grip.ng in your device browser.
- Tap on Get Started at the top of the website page.
- You will be redirected to another page where you will be able to create an account.
- Tap on the create an account link at the top of the website page.
- Fill in the required information(name, email, and phone number) accurately and follow all the instructions attached to the form to make your account creation successful and seamless.
- Enter a strong password that you are sure to easily remember and confirm the password.
- You can enter a referral code if you are registering through a referral from a friend.
- Once you have filled in all the information as required tap on get started at the bottom of the website page.
- You will be automatically redirected to another website page where you will be required to enter a one-time password(OTP) that would have been sent to your email address. The one-time password will be used to verify your account with Grip.ng which will allow you to perform any transaction on the website.
- Once you have entered the OTP and verified your email account you will be directed to your dashboard on the website.
You’ll have access to all the services that Grip.ng provides once your account is set up and verified.
You need to know many things when you start making transactions on the Grip.ng mobile app or website to give you the best experience while using the platform.
You’ll need to know how to beef up the security of the account with 2-factor authentication (2FA) or how to verify your identity through the Know Your Customer (KYC) verification using either your National Identification Number(NIN) or your Bank Verification Number(BVN). You’ll also need to know how to set or reset your transaction pin or reset your password if you think it’s compromised.
To do any of this on your mobile app:
- Launch the Grip.ng mobile app on your device
- Log into your account
- Tap on Profile which is at the bottom right corner of your screen.
- Tap on security from the options displayed
- Select which setting you want to adjust or change
- Fill in the required information accurately and follow the instructions displayed until the desired change is made.
What More Can I Do On The Grip.ng Platform?
Apart from the easy and efficient platform Grip.ng provides for people to trade their gift cards online, the platform can also be used by registered users to make different essential bill payments.
Grip.ng provides an easy way for its registered users to purchase airtime and internet data from different network providers such as MTN, Airtel, and Glo. Amazingly, Grip.ng users are not limited to just airtime and data purchase but are also able to make other payments such as directly funding their betting and lottery wallets on any betting platform.
Registered users are also able to pay their utility bills such as electricity bills whether it is on a prepaid plan or a postpaid plan, as well as their cable TV bills under providers like DSTV, GOTV, and others.
Every user can make these payments and any other transactions with the added advantage of skipping the stress and hassle that is sometimes associated with direct bank payments. Grip.ng has also taken great strides in ensuring that its services can be used in over 10 countries of the world such that you don’t need to keep a transaction pending, but can take it wherever you might be.
