Summary: Trading gift cards for cash is a popular way to turn unused cards into real money, and on the Prestmit platform, this process is simple, fast, and secure. In this guide, we’ll go through everything you need to know about how to trade gift cards for cash with Prestmit, from using their rate calculator to avoiding common mistakes, and more.
About Prestmit
Based in Nigeria, Prestmit serves users from within and outside Africa. The platform supports multiple payment methods, including Nigerian Naira, Ghanaian Cedi, and popular cryptocurrencies like Bitcoin (BTC) and Tether (USDT).
Prestmit’s key features include:
- Gift card trading: Trade over 10,000 gift cards for cash or crypto;
- Cryptocurrency trading: Trade cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Tether (USDT), Ethereum (ETH), Binance Coin (BNB), TRON (TRX), and Dogecoin (DOGE);
- Airtime conversion: Turn mobile airtime into cash;
- Multi-currency support: Conduct transactions seamlessly in different currencies;
- Mobile app: Enjoy trading on the go with apps available for Android and iOS devices.
What are gift cards?
Gift cards are prepaid cards issued by retailers or financial institutions. These cards act as store credits that allow you to purchase products or services. Popular brands like Amazon, Apple, and Walmart issue gift cards for use in their stores or online platforms.
People often receive gift cards as presents, but they might not need them or want to spend them. However, instead of letting these cards go unused, you can trade them for cash through platforms like Prestmit.
How to trade gift cards: Step-by-step process
Trading gift cards with Prestmit is pretty simple. You can follow the steps below and buy or sell gift cards quickly.
Step 1: Create an account with Prestmit
Before you start trading gift cards on Prestmit, you must first create an account. So, visit Prestmit’s website or download the app via the App Store, Google Play, or Huawei App Gallery. Once you download the app to your device, create an account by providing basic details like your name, email, and phone number.
Step 2: Login and set up your profile
After you create an account with Prestmit, you’ll need to log in. Do so by providing the credentials you set up when you created your account. Once you log into the platform, the app will ask you to set up a four-digit transaction PIN.
With an account and transaction PIN in place, you’ll want to set up your wallet. You can do so in the Wallet section of the app.
Step 3: Choose whether to buy or sell a gift card
With everything in place, navigate to the gift card trading section from the home screen.
After choosing the gift card option, the app will ask whether you wish to buy or sell a gift card. Select Sell Gift Cards to trade your gift card for cash.
Step 4: Trading gift cards for cash
To sell a gift card for cash, choose the option to sell once you tap the gift card option on the app’s home screen.
Once you do so, the app will ask you to select the payment method. You can choose between several options, including Nigerian Naira, Ghanaian Cedis, BTC, LTC, DOGE, and USDT. Choose the option that suits you best (in this case, either Naira or Cedis).
Next, choose the specific gift card type you want to trade and input its details, like category, form, country, subcategory, and amount. Some details are optional, so choose what you wish to include. Still, ensure the information is accurate to avoid any transaction delays.
With the details in place, you’ll need to upload an image of the gift card. To do so, press on the circle with a plus sign at the lower part of your screen. Remember that you can upload multiple images at once.
You can also add comments and apply a promo code. The rate calculator at the bottom of the screen will show the price at which the card will be traded. If the details suit your preferences, tap Proceed to finish the process.
Once the transaction is successful, withdraw your cash to your bank account or mobile wallet.
Pros and cons of trading gift cards
Pros
- Quick access to cash: You can turn unwanted gift cards into real money within minutes;
- Wide range of supported cards: Prestmit supports various gift card brands, giving you many options;
- Secure transactions: Prestmit provides high-end security to protect your data and funds;
- Competitive rates: Prestmit’s rates are some of the best in the market, ensuring you get maximum value.
Cons
- Rate fluctuations: Gift card rates can change based on demand, which might affect the amount you receive;
- Limited to certain locations: Prestmit operates primarily in Nigeria and Ghana, limiting its availability for users in other regions.
Common mistakes to avoid when trading gift cards
To ensure a smooth trading experience, be sure to avoid the following pitfalls:
- Providing incorrect details: Double-check your gift card codes, values, and other details before submitting them;
- Ignoring rate fluctuations: Always use the Prestmit rate calculator to check the current value of your card;
- Trading expired cards: Ensure your gift cards are valid and not expired;
- Using unreliable platforms: Stick to trusted platforms like Prestmit to avoid scams or delayed payments;
- Skipping customer support: Contact Prestmit’s support team if you encounter any issues instead of proceeding blindly.
The bottom line
Prestmit is a solid solution for trading gift cards for cash. Its user-friendly interface, competitive rates, and instant payouts make it a go-to platform for many.
To ensure everything goes smoothly while trading gift cards with Prestmit, follow the steps in this guide, and you’ll enjoy a hassle-free trading experience.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs on how to trade gift cards with Prestmit
Where to trade gift cards?
You can trade gift cards on online platforms like Prestmit, which offers competitive rates and secure transactions. Prestmit supports a wide range of gift cards and provides instant payouts in cash or cryptocurrency.
What is Prestmit?
Prestmit is a digital platform that allows users to trade gift cards, cryptocurrencies, and mobile airtime for cash. It operates primarily in Nigeria and Ghana.
How to trade gift cards on Prestmit?
Gift card trading on Prestmit involves selecting your card type, entering the card details, using the rate calculator to check its value, and completing the transaction to receive cash or crypto instantly.
How to check gift card rates?
You can use Prestmit’s rate calculator to determine the value of your gift card. Input the card type, currency, and denomination to see the amount you’ll receive in cash or crypto.
Is Prestmit safe to use?
Yes, Prestmit employs high-end security measures to protect your data and funds. The platform also offers instant transactions to ensure you receive payments quickly.
Can I trade gift cards for cryptocurrencies?
Yes, Prestmit allows you to exchange your gift cards for popular cryptocurrencies like Bitcoin (BTC) and Tether (USDT).
What payment methods does Prestmit support?
Prestmit supports Nigerian Naira (NGN), Ghanaian Cedi (GHS), and various popular cryptocurrencies.
Does Prestmit have a mobile app?
Yes, Prestmit offers a mobile app for both Android and iOS devices. You can download the app on the App Store, Google Play Store, and Huawei App Gallery.
