Do you know that your £50 Amazon gift card isn’t just a simple voucher for online shopping or gifting? It’s a valuable asset that could help you solve pressing financial needs like clearing those lingering debts or making essential purchases. Imagine converting that card into Naira, turning it into a meaningful sum of cash that can make a real difference in your everyday life. Sounds incredible, doesn’t it?
If you’re curious about how much cash you can get by selling your gift card in Naira, you’re in the right place! In this guide, I’ll explain to you the key factors that determine the value you receive, the simple steps to convert it, and the most trusted platform where you can sell your card for the highest possible rate.
What is a £50 Amazon Gift Card Rate Now in Naira?
To check how much your £50 Amazon gift card is worth in Naira, there are a few factors that affect it. They include the following:
1. Exchange Rate
This plays a key role in how much your Amazon gift card is worth when converted into Naira. If the USD is strong against the Naira, you’ll get more Naira for your gift card. But if the Naira strengthens or the USD weakens, you’ll receive less. In short, a favorable exchange rate means a higher value for your card when you convert it to Naira.
2. Demand And Supply of Gift Cards
The demand and supply of Amazon gift cards significantly affect the rate you’ll get when selling them for Naira.
For Instance, when there’s a high demand for the cards, more people demand them. This can drive up the rates offered by buyers or platforms because they compete to get their hands on the gift cards. In this case, you earn more on the card when you sell it.
Also, when few people need the gift cards, the demand is low. Buyers or platforms offer sellers lower rates since they don’t need as many cards. This means you will earn a lesser amount for the same card.
Now for the supply, If there are many Amazon gift cards available (i.e. high supply), the rates may drop since there’s no urgency for buyers to pay higher prices. On the other hand, if there are fewer cards available (i.e. low supply), platforms may offer better rates to attract sellers.
Therefore, when demand is high and supply is low, you will get better rates, meaning more value for your Amazon gift card. In the same way, low demand and high supply can lead to lower rates.
Presently, the rate for an Amazon gift card is ₦645 per Euro. To calculate the value of a £50 Amazon gift card in Naira, you simply multiply the rate by the denomination, ie
₦645 x 50 = ₦32,250.
How To Convert Amazon £50 Gift Card to Naira
The following step-by-step guide will help you convert your Amazon gift card to Naira:
- Go to the SnappyExchange website
- On our Snappy Rate Calculator page
- Select the Digital Asset (Amazon card)
- Select the country, card type, and denomination.
Where Can I Sell Gift Cards in Nigeria?
When it comes to selling your £50 Amazon gift card in Nigeria, SnappyExchange is your sure plug. There are numerous advantages you get when you sell your gift card on our platform.
First of all, we offer you competitive rates that ensure you get the best value for your gift card. We constantly track market rates to make sure that when you sell with us, you’re getting top-tier payouts compared to other platforms. Why settle for less when you can get more with us?
But it’s not just about great rates. We know how important speed is when converting your gift card into cash. That’s why we’ve streamlined our process to ensure instant funding, no more waiting around for days to receive your money. As soon as your transaction is confirmed, you will get your account credited time.
Also, with so many platforms out there, it can be hard to know who to trust with your valuable gift cards. In our years of experience, we have built a reputation as the most reliable and transparent platform in the business.
How To Sell an Amazon Gift Card in Naira
Follow these step-by-step guides to sell your Amazon gift card for a high value in Naira:
- Log in to the SnappyExchange website.
- On the upper righthand of the screen, click on login or register if you’re new to the site.
- Go ahead and enter your e-mail and password
- On the next page, select “Sell gift cards”
- Select Amazon gift card
- Select the country and enter the card details.
- Select the card type, follow the other prompts, and submit.
After a confirmation time of 2-10 minutes, your account will be credited in Naira.
FAQs
- Are Amazon Gift Cards Region-Locked?
Yes, they are region-locked. This means that you can only use them on the specific Amazon site for the region where they were purchased. For example, if you get an Amazon gift card in the U.S., it will only work on Amazon.com (the U.S. site). It won’t work on other regional sites like Amazon UK or Amazon India, because each one operates in its own currency and region.
So, if you’re buying or receiving an Amazon gift card, just make sure it’s for the right Amazon site for your region.
- Can You Use Amazon Gift Card to Buy Another Gift Card?
You can’t use an Amazon gift card to buy another gift card, whether it’s from Amazon or a different brand. Amazon restricts gift cards from being used to purchase more gift cards, so you’ll have to use another payment method if you’re looking to buy gift cards for someone else.
Read Also: Where to Sell Gift Cards
Conclusion
The value of your £50 Amazon gift card in Naira depends on factors like the current exchange rate, demand for gift cards, and any applicable fees. To ensure you get the highest possible value for your card, it’s essential to choose a trusted platform.
SnappyExchange is the best place to sell your gift card in Nigeria. With competitive rates, transparent fees, and a user-friendly interface, you’ll get the best deal with zero hassle. Also, our prompt customer service and fast payouts make the entire process smooth and stress-free. So, if you’re ready to maximize the value of your gift card, we are the perfect choice.