As Gift Cards continue to enhance the gifting industry, giving gifts has become easier when people want to show appreciation to their family and friends or to get themselves befitting gifts for a suitable experience.
Lebanon is one of the countries in West Asia that has a viable Gift Card Market. Many sectors in their economy adopted the use of Gift Cards in other to give their businesses a financial boost.
We would explore the Lebanese Gift Card market, its benefits; its positive impact on the business economy, and the various types available.
The Gifting Industry in Lebanon
Gift Cards have become a well-known choice for gifting in today’s world, due to the convenience and flexibility it offers to both gift-givers and their receivers.
In Lebanon, its use has gained more popularity, providing an alternative to the usual cash gifts or physical presents.
Benefits of Gift Cards to Lebanon
There are numerous benefits derived from the gifting industry in Lebanon, some of them include the;
1. Boosts the Economy
The use of Gift Cards in Lebanon plays a vital role in boosting the local economy. When purchased and redeemed at local businesses, consumers contribute to an increase in footfall and sales. This, in turn, supports small and medium-sized enterprises (SMEs) and aids in economic growth.
The circulation of the cards creates a ripple effect and generates additional revenue and job opportunities within the local business community. When local businesses are supported through their purchases, it helps create a vibrant and sustainable economy in Lebanon.
2. Encourages Consumers to Spend
Gift Cards catalyze for consumers to spend because it stimulates purchasing behavior and drives revenue for retailers and service providers. When you receive them, you are motivated to visit the stores, browse products or services, and make more purchases.
Their availability expands consumer choices and experiences, allowing you to explore different products or services. The increase in consumer spending stimulated by them has a positive impact on the overall retail industry and contributes to its growth and vitality.
3. Promotes Customer Loyalty
Gift cards have the power to build customer loyalty and drive repeat business for retailers and service providers in Lebanon. When customers receive and redeem them, they often develop a connection and affinity for the brand. The positive experience can lead to an increase in customer engagement, repeat visits, and the potential for future purchases.
They also provide an opportunity for businesses to reward their loyal customers with special promotions or incentives, further enhancing their loyalty and referrals. The combination of convenience, flexibility, and positive customer experience can solidify customer loyalty and often contributes to long-term business success.
4. Encourages Budgeting
Gift cards support their users in making financial plans and budgets. When you purchase or receive them, you can allocate their spending within a specific value, which helps you to manage their budget effectively. This controlled spending enables you to make frugal choices and align your purchases with personal financial goals.
They also empower you to prioritize your needs and make informed decisions about how to utilize the card’s value. This financial flexibility ensures that you can make the most of their gift and enjoy a positive financial outcome.
5. Social Impact
Gift Cards have a positive social impact in Lebanon by supporting charitable causes and promoting philanthropy. Some of them are designed specifically for charitable organizations or initiatives, allowing givers to contribute to important causes through their purchases.
Lebanese can use these cards to make donations or support specific projects, making a meaningful difference in the community. The integration of these cards and philanthropy adds depth and purpose to the act of gifting, aligning it with social responsibility and creating a positive social impact.
Types of Gift Cards in Lebanon
The types of gift cards available in Lebanon include;
1. Retail-Specific Gift Cards
These are designed for use at specific stores or brands. They allow you to explore a particular retailer’s products or services and select products according to your taste. Major retailers such as Giftmania collectibles, Wds Shop, Storiom -Supercenter, and www.wedelivergifts.com offer their own branded gift cards.
One popular example is Mall Gift Card. The Mall is a shopping center that has many fashion, beauty, and home goods stores. Their card can be used at any of the stores within the shopping center.
2. Virtual and Digital Gift Cards
With the increase in online shopping, online and digital gift cards have become popular in Lebanon. These virtual cards can be purchased and delivered electronically, making them convenient for both givers and recipients. Platforms like Giftonclick, and Digitooze, facilitate the purchase and exchange of online and digital gift cards in Lebanon, providing a seamless and instant gift-giving experience.
One advantage of online and digital gift cards include ease of purchase, instant delivery, and the ability to be redeemed online, making them ideal for individuals who prefer online shopping or live in remote areas.
3. Unique Experience Gift Cards
These cards are experience based and provide the user with the opportunity to enjoy specific activities or experiences. In Lebanon, they can be used to access products and services like spa treatments, restaurant dining, adventure activities, or cultural events.
Some of them include Shammet Hawa; L’Hôte Libanais’s Gift Card. They are an ideal way to gift individuals who value experiences over material possessions and enjoy trying new things.
4. Employee Gift Cards
These are also widely used in the corporate sector in Lebanon. Many companies leverage them as part of their employee recognition and incentive programs. They are presented to employees as rewards for exceptional performance, achieving targets, or as tokens of appreciation for their hard work.
Also, they have some customized forms available which allows businesses to personalize the cards with their branding and messaging. An example is the GiftRocket from Lebanon Peddlers Mall
5. Specialty Gift Cards
They are used to access products in niche markets, designed for people with unique hobbies, passions, or specific interests. They include those for bookstores, art supplies, sports equipment, or gourmet food stores.
One popular option is the Virgin Megastore Gift Card. Virgin Megastore is a retail chain that offers lots of music, movies, books, electronics, and other entertainment products.
Read Also: How to Sell Gift Cards on Cardtonic
How to Redeem an International Gift Card in Lebanon
Step 1: Research for Merchants
To redeem an international gift card, first, you need to find out the merchants that accept such cards in Lebanon. Most retail chains and popular online platforms often support the redemption of international gift cards, which makes it easy for you to choose your preferred brand.
Step 2: Check the Card Validity and Balance
After you have identified the accepted merchants, verify the expiration date of the gift card. Ensure that the card is still valid and within the redemption period. Also, check the remaining balance on the card to determine your budget.
Step 3: Contact the Customer Support
If you encounter any issues or have specific queries regarding the redemption process, consider reaching out to the customer support of the gift card issuer. They can assist you with valuable information, to guide you.
Step 4: Understand Exchange Rates and Currency Conversion
When redeeming an international gift card, it is very important to consider exchange rates and currency conversion. Calculate the value of the card in the local currency to understand its purchasing power properly. Keep in mind that exchange rates may fluctuate, affecting the final value.
Language barriers can sometimes pose a challenge while redeeming international gift cards. Overcome this hurdle by using translation tools or seeking assistance from bilingual staff members to ensure effective communication during the redemption process.
P.S. You can choose to redeem your card online or in-store depending on which is convenient for you.
Where Can I Sell Gift Cards in Lebanon?
When it comes to selling gift cards in Lebanon, It is very important to choose the right platform with a target audience of potential buyers. Some of the platforms include Social Media and Online classified ads.
By leveraging these platforms, you can effectively reach a wide customer base and maximize your gift card sales.
- Social Media Platform: Gift Card Store in Lebanon is a popular group on Facebook where you can easily sell your gift cards. It’s a community forum with Lebanese where you can get potential buyers and sellers.
- Online Classifieds ads: Gift in Lebanon from Dubizzle Lebanon (OLX). It is an online platform that offers ads for the buying and selling of gift cards.
Factors to Consider When Selling Gift Cards in Lebanon.
To maximize sales and attract potential buyers, consider the following tips;
- Set competitive prices: Research the market to determine reasonable prices that are attractive to buyers while still ensuring profitability.
- Provide detailed descriptions: Clearly describe the value, expiration date (if any), and any restrictions or special features associated with the card.
- Use clear images: Capture a clear image of the gift card(s) to showcase their design and make them more enticing to potential buyers.
- Respond promptly to customer inquiries: Establish a reputation for excellent customer service by promptly responding to inquiries and providing helpful information to potential buyers.
Where to Sell Your Gift Cards in Nigeria
If you are in Nigeria, you can sell your Gift Cards at Snappy Exchange. We offer you the best option to Sell Your Gift Cards and maximize them.
We are a leading E-currency & Gift Card trading platform in Nigeria. Our customers can trade their Gift Cards, and cryptocurrencies, buy airtime, and data, and pay bills.
Some of the Reasons Why You Should Sell Your Gift Cards on our platform include the following;
1. Amazing Rates
We offer you the best rate for any sales you make with us. You can check them out on our website and start your exciting journey in Gift Card sales.
2. Responsive Customer Support
We focus on prompt customer service at any time of the day. That is why our contact channels are available 24/7 to ensure that we are at your reach any day, anytime. You can contact us via our website or chat with us at +2348156010101.
Also, we ensure customer trust and satisfaction. We have built trust by maintaining transparent communication, promptly delivering gift cards after purchase, and addressing any customer concerns or complaints promptly.
3. Secured Transactions
All transactions made on our platform are nowhere near scammers. We have put in extraordinary measures to ensure that your details are safe and payments are secured too.
4. Referral Packages
We reward any referrals that lead to completed sales on our platform. This has also helped us to build long-term relationships with our customers who keep coming back and referring others to us. You can register with us today and share your referral link to keep your rewards rolling in.
5. Instant Funding
Timely delivery is very important to us. Our orders are processed with speed. We are best when it comes to selling your Gift Cards, payments are fast after confirmation and completed within minutes.
How To Sell Gift Cards On Snappy Exchange
Follow these steps to easily sell your cards on our platform.
Step1: Go to our website or download our mobile app from your phone’s Google play store
Step 2: Click on “Login” at the upper right side of the menu bar
Step 3: Enter your email and a password, then sign in
Step 4: On the next page, click on “Sell Gift Card” at the upper right-side of the page
Step 5: Select the type of Gift Card you want to sell on the next page
Step 6: Select the country, card type, and quantity you want to sell and submit
Step 7: Upload a high-quality image of your card and submit
Once your card is uploaded, your account would be credited immediately.
Each of the types of gift cards available contributes significantly to the economy in Lebanon. Asides from the transformation in the gifting industry, they generate revenue for the economy alongside other numerous benefits they offer.
When selling them, it is vital to consider all the factors that can affect having a seamless selling experience.
In the same way, Snappy Exchange is your tested and trusted platform to sell any kind of gift card in Nigeria. Over the years, we have carefully studied the local and international gift card market and implemented measures to ensure our customers develop trust in us while being satisfied. When next you’re thinking of selling your gift card to maximize profit, we are just a phone call away.