Gift cards are currently gaining immense popularity in Africa, specifically in Nigeria. They are not only convenient as presents but also extremely practical for conducting transactions of any value. It could be argued that gift cards were primarily intended for business transactions rather than being solely used as gifts. Consequently, savvy users can also generate significant income from gift cards.
What is Gift Card?
A gift card, alternatively referred to as a gift voucher, is a preloaded payment card enabling purchases at a specific store or within an online shop associated with a particular brand. The rise of digitalization has revolutionized the procurement and utilization of gift cards. Digital gift cards are electronic counterparts of traditional physical cards that can be bought and redeemed online. Their popularity is surging due to the convenience they provide to both the giver and the recipient.
To acquire digital gift cards, individuals can visit the brand's official website or opt for a third-party platform. Subsequently, the gift cards are transmitted to the recipient via email or text message. Once received, the recipient can employ the gift card to make purchases either online or at physical retail locations. Additionally, certain retailers offer mobile applications that enable recipients to store and utilize their digital gift cards directly on their smartphones.
How can you make money online from gift cards on Remitano?
Gift cards were originally intended as presents, but due to limited remittance options in the African fintech space, particularly in Nigeria, they have become a popular method for receiving overseas remittances.
In addition to online payments, gift cards are now used for buying cryptocurrencies like BTC. Platforms such as Paxful and Remitano facilitate gift card-based crypto purchases. On Remitano, you can also use cryptocurrencies to buy gift cards.
This presents an exciting opportunity to leverage gift cards and cryptocurrencies for earning income.
Remitano offers a diverse selection of gift cards, encompassing popular brands, that can be used to facilitate various transactions. Here is a list of some of the gift cards available:
- Amazon gift card
- iTunes gift card
- Sephora gift card
- Walmart gift card
- Apple gift card
- Google Play gift card
- Adidas gift card
- Nike gift card
These gift cards provide users with flexibility and convenience when it comes to making purchases or exchanging them for other desirable items.
Making money online from gift cards on Remitano is a straightforward process. The key strategy is to "Buy Low, Sell High." Here's a simplified explanation:
Start with a capital: You can use either a gift card or your preferred cryptocurrency (e.g., BTC, USDT) as your starting capital.
Sell High: If you have a gift card as your capital, sell it at a higher price and receive the equivalent value in cryptocurrency (e.g., BTC or USDT).
Buy Back Lower: Once you have the cryptocurrency, use it to buy back the same gift card at a lower price.
Repeat the process: Keep repeating this cycle of selling high and buying back lower to make a profit. Consistency is key to growing your business.
To enhance profitability, you can create your own ads. By creating your own ads, you have the flexibility to set your preferred prices, enabling you to maximize your profit margins.
Let's break it down with an example:
Suppose you have a $200 Apple gift card. You create a "sell ad" to sell the gift card at your preferred price, let's say $250, and receive 250 USDT.
Then, you create a "buy ad" to purchase another Apple gift card worth $250 using your 250 USDT.
By successfully repeating this process about 10 times, starting with a capital of $250, you can potentially earn an additional $500.
How to Create ads to Buy or Sell Gift card
Step 1: Signup/Login to Remitano.
Step 2: Click gift card page then click "Choose another coin" and Select the type of coin to buy-sell in the list below.
Remitano currently allows you to trade with 7 popular coins.
Step 3: Click "Create Your Buying Ad"
Step 4: Choose "fixed price" and set the exchange rate based on the price range you set.
Suppose you want to sell a $100 Amazon card and buy 80USDT. The exchange rate is 100:80=1.25.
Step 5: Enter the corresponding amount of coins you want to trade
Enter the minimum and maximum amount of coins in a transaction.
Step 6: Select the corresponding Gift card method and payment window. This is the time period for the transaction.
Step 7: Enter the Terms of Trade and how you want to trade
For Terms of Trade, you can specify how you trade, for example:
What country is the card available for?
What are the accepted card limits?
Do you have a receipt for the card purchase?
Do you have a physical card or an e-code?
How long have you been in the gift card business and how reputable are you?
Step 8: Review the ad and make adjustments if necessary
Ad will be displayed on the viewer's side as follows:
In this article, we have explored how to make money with gift cards on Remitano. We have discovered exciting opportunities that this trading platform offers to investors and users through buying and selling gift cards.
Earning money with gift cards on Remitano is not only a great way to take advantage of significant trading opportunities but also brings diversity and flexibility to users. By buying and selling gift cards, you can leverage market value changes and fluctuations to generate profits.
Furthermore, using Remitano also provides safety and reliability. The platform offers a secure trading environment where users can engage in transactions safely and trust the process. You can rest assured that your transactions are protected and executed transparently on Remitano.
With all the benefits and opportunities that come with making money through gift cards on Remitano, there is no reason not to give it a try. The key is to have a good understanding of the market and make informed trading decisions. Explore and seize the waiting opportunities on Remitano and start earning money through gift cards today!
Remember that trading always carries risks. Stay vigilant and only trade with funds you can afford to lose. We hope this article has provided you with valuable information and encourages you to further explore making money with gift cards on Remitano. Wishing you success in your trading journey!
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