In recent years, thanks to the constantly advancing technology and internet breakthroughs that the world has seen, many people have gone beyond settling into the typical 9-5 job space as a way to gain financial independence and freedom. In fact, more people have moved from just settling with these 9-5 jobs to gain their financial independence to do some other kinds of jobs on the side which provide even more perks like flexibility, comfort, and ease.
Part of the ways a lot of people have been able to earn money most conveniently and flexibly is through online jobs and trading and one of these money-making jobs that people have discovered and stuck to in recent years, for all that it offers, is online gift card trading.
What are Gift Cards?
A gift card/voucher is a debit card that is issued by a business to its customers. The gift card contains a prepaid and specific value of money, which can be used as an exchange for goods or services from that business. But, in some cases, some of these gift cards can be used at other stores. This simply depends on what type of gift card you own.
Before you’re able to trade your gift cards you will need to know what type of gift card it is as this affects its rate and the ease with which you can trade.
Gift cards are generally of two different types which are the open-loop gift cards and the closed-loop gift cards.
Open-loop gift cards are gift cards that are not specific to one particular company and can be activated and redeemed at almost any store because they are acceptable on different card systems like Visa or MasterCard.
A lot of customers enjoy using open-loop gift cards because they can use them at any business of their choice and are not limited to the merchant company that issues the gift card which makes using the cards as flexible as using cash. However, open-loop gift cards require an activation fee before they can be redeemed as this is where gift card companies make money from.
Closed-loop gift cards are cards that are only redeemable or usable at the store or business that issued them initially, or at any other store under the same parent company.
To avoid confusion, gift cards that are redeemable at any store within a family store are still considered closed-loop cards and not open-loop gift cards because they can only be processed and redeemed at any store that falls under the same parent company or corporation and not just any company at all.
This type of gift card is easily recognizable because they have only the company logo and name and not the logo and name of card processors such as Visa or MasterCard, as open-loop cards have.
Closed-loop gift cards are usually preferred by companies because it encourages customers who receive the gift cards to come back for more purchases. Customers also enjoy using closed-loop gift cards because they don’t require any activation fee, and give them bonus points from the company which could be used to get discounted prices on future purchases.
Whether a gift card is an open-loop card or a closed-loop card, it can either be in physical form which is the most common type, or in digital form which comes with a unique e-code that can be stored on any mobile wallet app.
How Can I Trade Gift Cards?
Trading and exchanging gift cards, for different reasons, has become the norm around the world as time passes and can be done very easily and conveniently using whatever means a gift card owner chooses.
Gift Cards can be traded in two different ways, either physically or online.
Trading your gift cards physically can be done at a gift card trading kiosk/store. These gift card trading kiosks are small outlets that could be part of a pharmacy or supermarket where customers can trade their cards using the self-service option.
You simply have to enter the card details into the gift card exchange system or swipe/scan the gift card code. Once the code is verified it will be processed and you’ll be able to see the outstanding balance on the gift card as Wells as the exchange rate and total. You only have to accept the offer when the information is processed if you’re satisfied with the rate.
You also have the option to decline the offer if it’s unacceptable to you.
However, this service is not universally available, but only available in technologically advanced countries.
Another way to trade your gift card physically if you’re in a country that doesn’t offer a self-service exchange office is to visit the physical office of a gift card trading company. You, however, have to find out which of these trading companies have a physical office in your country and confirm if they provide on-site gift card exchange services. The reason for this is a lot of companies simply direct customers to their website or mobile apps to trade while the physical office is where different teams ensure trading on the website and mobile app goes smoothly.
The other way to trade your gift card is through online gift card trading and exchange which is the most common way that people trade their gift cards. The reason for its being so popular is because of the convenience and ease that it offers. With online trading, customers can make a trade on their mobile devices even from the comfort of their homes which the physical trading option doesn’t offer.
Online gift card trading is usually done on the exchange company’s website or mobile app and it is important for customers to do thorough research before choosing what company to trade with. This is to mitigate the possibility of being scammed or cheated by online fraudsters.
What is the Best App For Gift Card Trading?
Knowing the best mobile app to trade on and the best company to trade with is a very important detail to consider before going ahead with your gift card trading or exchanging. It’s very important so you save yourself the unnecessary headache that comes with being scammed or cheated by some fraudulent companies out there.
One of the best companies I’d advise anyone to trade with is Grip.ng and this is because they’ve been tested and trusted ever since their inception.
Trading on the Grip.ng mobile has been made as easy and convenient as possible such that there are no unnecessary and confusing steps to take before you can trade on the mobile app.
Here’s a simple rundown of how to trade your gift cards on the Grip.ng mobile app:
The first thing to do before you can trade on the Grip.ng mobile app is to create your trading account which can be done in a few simple steps within a few minutes.
To create your Grip.ng account simply download the Grip.ng mobile app for Android or iPhone and install the app on your phone.
Open the app on your device and tap on get started. Fill out the fields correctly with your required information, choose your password, and enter the verification pin/OTP sent to your email address. You’ll be able to make any gift card trade on the app as soon as your account is verified.
To start trading on the Grip.ng app here is a simple step-by-step instruction to follow:
- Open the Grip.ng 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
- Select if you’re buying or selling a gift card by tapping on the ellipsis(. . .) at the top right corner of your screen.
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
- Confirm the details of the transactions and the purchase price
- 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
- Confirm the details of the transactions and the sales 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.
What Makes Grip.ng Mobile App the Best to Trade On?
If you’re wondering why I recommended the Grip.ng mobile app as the best app to trade on, the reason is not at all far-fetched. The Grip.ng team carefully thought out and provided a seamless and convenient way for people to trade their gift cards without cutting any corners as I’ll show you in the points below.
Grip.ng is legit
The Grip.ng mobile app and website have been tested and trusted many times since its inception and not once has it fallen for the excellent standards it boasts of. Grip.ng is not a scam company but one built on integrity and trust, and if you do your proper research you’ll see that this is loudly exemplified by the parent company Zabira technologies, the Grip.ng brand ambassadors, and the entire Grip.ng team.
Grip.ng customer experience is excellent
One thing that I can assure was foremost on the Grip.ng team when building the brand was the desire to provide an exemplary and excellent customer experience for everyone who trades with them. Their focus wasn’t just on making transactions on the app seamless and easy but also on correcting errors and attending to complaints from customers. And this is very evident from the glowing reviews the team has from users all over the world. Also, a large part of making the customer experience excellent is in providing the best and most competitive rates for gift card traders such that your trading transactions aren’t just seamless and convenient but also profitable for you.
Grip.ng mobile app is secure
An alarming occurrence experienced by some online traders over the years has been the theft of personal information, bank account details, and other important information they entered on an online trading app or website. However, Grip.ng has proven that the safety of its customers is paramount and as a result, has provided a completely secure app where information theft is simply impossible.
Romeo
I want to know if grip buys paramount gift cards..