Visa gift cards were first introduced in the late 1990s. They were initially launched as a convenient alternative to cash and checks. But, they have continued to gain popularity over the recent years. They are a preferred choice for gift givers and recipients alike. Their high demand has also helped maintain their high resale value in Nigeria.
If you're new to the world of gift card trading, one of the most crucial questions to ask is: "how much is Visa gift card $100 in Naira?" Understanding the current rate of your Visa gift card in Naira is essential for maximizing your returns. This information allows you to identify which platform offers the most competitive rate. This way you can get the highest possible cash value when you convert your $100 Visa gift card to Naira. So, let's dive into what brought you here:
Current Rate of Visa Gift Card on Cardgoal = 126,478.3 Nairas
Rates of Other Visa Card Denominations
| Gift Card Type | Gift Card Value | Rate in Naira |
|---|---|---|
| Visa Gift Card | $100 | 126,478.3 |
| Visa Gift Card | $150 | 189,717.45 |
| Visa Gift Card | $200 | 218,657.4 |
| Visa Gift Card | $300 | 379,439.9 |
| Visa Gift Card | $400 | 505,913.2 |
| Visa Gift Card | $500 | 632,391.5 |
Things to Remember Before You Sell a Visa Gift Card
Verify the Balance
Before you go ahead with selling your Visa gift card, always verify the balance. If there is even a minor discrepancy between the actual and reported balance, there is a chance for disputes to arise during the sale process. This will
Understand the Market Rate
The resale value of your Visa gift card depends on market trends and platform-specific factors. Like we mentioned above, you must research the current market rate and compare it across different platforms. This will help you determine the best time and place to sell your card to maximize returns.
Be Aware of Fees and Charges
Some platforms may deduct fees or charges from the total sale amount. This will reduce the cash you receive. Before proceeding with the sale, make sure to review the platform’s fee structure.
Check for Expiry or Inactivity Fees
Some Visa gift cards may have inactivity fees or expiration dates that can reduce the card's value over time. It’s important to check the terms and conditions associated with your card before selling.
Security Measures When Selling Visa Gift Cards
Verify Buyer Credibility
If you're selling directly to an individual, you need to be wary of a lot of things. Before any transaction, take the time to verify the buyer's credibility. Never share your personal details, such as your full name, address, or bank account information, with potential buyers. When listing your gift card, only provide the necessary information, like the card's balance and brand. Always avoid dealing with buyers who seem in a rush or are unwilling to provide any verifiable information.
Monitor Your Account Activity
After completing the sale on your gift card trading platform, keep an eye on your account activity for any suspicious behavior. If you notice anything such as unauthorized transactions or changes to your account settings, report it immediately to the platform’s customer service and take steps to secure your account.
Beware of Phishing Scams
The world of the internet is rife with phishing scams. These can lead to the theft of your card information or payment details. Never trust the emails or messages claiming to be from the platform requesting personal information or urging you to complete a transaction through an unsecured link. Always verify the legitimacy of such communications by contacting the platform directly through official channels.
Document the Transaction
Keep detailed records of your transaction, including screenshots, emails, and receipts. This documentation can be invaluable if any issues arise or if you need to dispute a transaction. Having a clear record of the process will make it easier to resolve any problems with the platform or buyer.
Choose a Reputable Platform
The platform you choose to sell your Visa gift card on can significantly impact your experience and the rate you receive. Choose a platform that offers transparent transactions and protects your interests as a seller. A platform that has positive user reviews and a history of successful transactions would be a reliable choice. For example Cardgoal.com has more than half a million downloads on the Google Play Store. This is a great indication of the high quality of service they offer.
All of the above security concerns become irrelevant when you choose a trustworthy platform like Cardgoal. Install our Cardgoal Android App or Cardgoal iOS App today to experience the difference for yourself.
Easy Ways to Increase Your Earnings on Cardgoal when Selling Visa Gift Cards
We already informed you above about how much is a $100 Visa Gift Card in Naira in September 2024 on Cardgoal. But, what if we told you, there are ways you can increase the cash you earn by selling your gift cards. It would be great, right? Here are a few easy things you can do to make more money on Cardgoal.
New User Bonus
All new users on Cardgoal have the opportunity to earn up to ₦2,700 in rewards just by registering and completing a few simple beginner tasks. Here’s how:
₦300 for successful registration
₦100 for setting up a login password
₦100 for setting up a transaction PIN
₦100 for linking a bank account
₦100 for watching the transaction tutorial video
These rewards will be credited directly to your Cardgoal wallet.
In addition to the sign-up bonuses, new users will also receive a ₦2,000 coupon pack for gift card transactions. These coupons will be credited to your Cardgoal bonus coupon account and can be applied to increase the amount you earn from selling your Visa gift cards.
Daily Bonus
You can earn coins every day by signing in through the "Daily Bonus" feature. The app will automatically sign you in, and you'll get one reward each day. You start with 10 coins per day, and if you sign in for 7 days straight, you can earn up to 50 coins a day. If you miss a day, the streak resets. These coins can be converted into cash when you are making a gift card transaction.
Referral Program
You can invite your friends to join Cardgoal. When they complete a transaction equal to or more than 5000 Nairas within 72 hours, you will get 300 Nairas. The more people you invite, the more free cash you will have. However, you can invite up to 10 people in a day.