Gift Cards are a convenient way to shop, but what happens when you’re stuck with a gift card for a retailer you don’t use?
Rather than letting those unused funds go to waste, you can convert them into a card you’ll actually enjoy.
With the rise of gift card exchanges and trading platforms, swapping unwanted gift cards for new ones has become simpler than ever.
In this guide, I will show you how to buy gift cards with a gift card, offering expert advice on the most effective methods, safety tips, and strategies to maximize the value of your exchanges.
Let’s quickly dive into that, read on!
Understanding Gift Card Exchange Options
Gift Card Exchanges provide opportunities to convert an unwanted card into a new one you’ll love.
However, understanding the types of exchanges and their nuances is crucial to getting the best deal.
Types of Gift Card Exchanges
- Online Exchanges: Platforms like ApexPay allow users to trade gift cards digitally.
- In-Store Exchanges: Retailers like Walmart or Target may offer in-store exchange options for select gift cards.
Exchange Rates and Fees
Exchange rates range between 70%–95% of the card’s original value, depending on demand and platform fees.
Be sure to account for any transaction fees before finalizing your trade.
Platform Reliability
Before proceeding, verify the platform’s legitimacy by checking reviews and security features.
Reputable platforms are transparent about fees and ensure a safe user experience.
Popular Methods To Buy Gift Cards Using A Gift Card
Here are two reliable ways to exchange a gift card for a new one:
A. Online Exchange Platforms
- Choose a Trusted Platform
Popular platforms like ApexPay, GiftCardsToNaira, and Ridima simplify the gift card exchange process.
- Create an Account
Sign up on the platform and provide your gift card details, including the card number and balance.
- Compare Rates
Use tools within the platform to find the best value for your card.
- Verify Your Card
Most platforms require email or phone verification to ensure security.
- Complete the Exchange
Once verified, choose your new gift card and confirm the transaction.
B. In-Store Exchange Options
- Visit Participating Retailers
Retailers like Walmart, BestBuy, and GameStop allow you to exchange certain gift cards for store credit or new gift cards.
- Present Your Gift Card
At the customer service counter, provide your card for evaluation.
- Receive Store Credit or New Card
Depending on the retailer, you’ll receive immediate store credit or a replacement gift card.
- Retain Value
In-store exchanges often retain more value than online platforms, making them ideal for maximizing returns.
Maximizing Your Exchange Value When Buying Gift Cards
To get the most out of your gift card exchange, follow these expert tips:
- Time Your Exchange: Exchange during high-demand seasons, like holidays, when gift card values are at their peak.
- Compare Rates Across Platforms: Use multiple platforms to find the highest exchange rate.
- Look for Promotions: Many retailers offer bonus value during seasonal promotions.
- Combine Offers: Some platforms allow you to combine smaller gift cards into one for added convenience.
Step-by-Step Gift Card Exchange Process
- Check Your Gift Card Balance: Use tools like Gift Card Balance Checker to confirm the exact amount on your card.
- Choose Your Exchange Platform: Select the most reputable platform offering the best rates.
- Verify Your Gift Card: Follow the platform’s verification steps, which may include entering the card number and PIN.
- Complete the Transaction: Submit your card details and confirm the exchange. Most platforms issue new gift cards electronically within minutes.
- Receive Your New Gift Card: Once processed, you’ll receive a new digital or physical gift card, ready for use.
Safety and Security Tips For Buying Gift Cards
Ensuring a secure exchange is vital. Here’s how to protect your funds and personal information:
Identifying Legitimate Platforms
- Check for SSL Certificates (look for “https” in the URL).
- Read user reviews on platforms like Trustpilot.
- Verify the platform’s contact information and support channels.
Protecting Card Information
- Never share your card details with unauthorized platforms.
- Avoid offers that seem too good to be true.
Document Your Transaction
- Save receipts, emails, or screenshots of the exchange for reference.
How To Trade On ApexPay Platform
1. Go to (https://apexpay.org) and download the App to create an account on the mobile app platform, set up your PIN, and add your bank account.
2. Login and tap on “Sell Gift Card” to choose the type of gift card that you wish to exchange, select the card category and enter the amount.
The rate calculator will automatically calculate the amount of your trade, then upload a photo of the card and proceed to Submit Trade.
3. Now, you wait for your card details to be confirmed by the admin.
Once approved, your money will be sent to your ApexPay wallet; Then you withdraw it to your bank account.
4. If it’s E-code, Type in the code and the details for the gift card and click on Continue to proceed.
5. Confirm your trade details and click on Submit Trade.
How To Sell Gift Cards On ApexPay App
Here is a Step-by-Step Guide on How to sell gift cards using the ApexPay Gift Card Trading App in Nigeria.
- Download the ApexPay Mobile App from Google Play Store or Apple Play Store.
- Sign Up by creating an account, and then Log in.
- Click on the Mobile App Wallet, to add your bank account for instant cash withdrawal.
- Locate and click on “Sell Gift Card” to Submit your gift card details/images.
- Wait for 2 – 5 minutes or less for the card to be Confirmed.
- After Confirmation, check your Wallet for your Cash.
- Then Withdraw straight into your Bank Account.
Frequently Asked Questions On How To Buy Gift Cards With A Gift Card
1. Which Gift Cards Can Be Exchanged?
Most prepaid cards, like Visa or Mastercard gift cards, and major retailer gift cards are eligible for exchange.
2. What Are Typical Exchange Rates?
Exchange rates usually range between 70%–95% of the original card value, depending on demand and platform fees.
3. How Long Does the Process Take?
Online exchanges are typically instant, while in-store exchanges may take a few minutes to process.
4. Are There Minimum Balance Requirements?
Yes, some platforms require a minimum balance (e.g., $10) for exchanges.
5. Can I Combine Multiple Gift Cards?
Certain platforms allow users to combine smaller gift cards into one larger card for convenience.
Conclusion
Exchanging unwanted gift cards for the ones you’ll actually use is a smart and practical solution to maximize their value.
By choosing the right method whether online or in-store and following the steps outlined in this guide, you can enjoy seamless exchanges and make the most of your funds.
Make sure to always prioritize security and compare rates before exchanging.
Ready to turn your unused gift card into something you’ll love? Then this guide above is all you need to start exchanging or buying gift cards now.
Start your exchange journey today and you’ll be glad you did.
Enjoy!