These days, when you think of convenient shopping and payment, you should be thinking of gift cards. These digital assets serve as an easier method of purchasing items at their designated brands.
Using gift cards to pay for items almost never fails, this is really needed in Nigeria due to the recent cash scarcity, debit card failures on streaming services, and local bank network issues in the country. You can also be a thoughtful person and buy them for your loved one as a token of appreciation. However, the current hike in the price of gift cards has left people frustrated and asking why these digital assets are becoming expensive.
Why Are Gift Cards Expensive in Nigeria?
The major reasons why these digital assets have become more expensive in Nigeria are; inflation, greedy platforms & high demand.
1. Inflation: The inflation rate in Nigeria is currently at 22.04% as of April 2023. Not to get too nerdy or scare you, but that is a high figure and it means the Naira is declining. This is also causing a reduction in purchasing power of Nigerians and the Naira is becoming weaker compared to other currencies.
Both international and local gift cards would be affected by this, and suppliers are forced to increase the price of their gift cards to maintain profit.
2. Greedy Platforms: Certain platforms want to take advantage of the current situation in the country, and exploit their users. Although the prices of gift cars have increased in general, platforms are selling way higher than what they should be just to maximize profit.
The same thing is happening with some POS attendants who have refused to reduce their charges despite more supply of cash by the Federal Government. If this is happening in your area, kindly take heart.
3. High Demand: When the demand for a product is high, the supplier may have tendencies to ”Denge Pose” What this means is to become confident and dictate the selling price because people want his/her product. This is why some gift cards cost more than others.
Now that you know the major causes of the increase in the price of gift cards, does that mean you should just suck it up and buy at these exorbitant prices anyway, or simply just stop buying gift cards? Thankfully, the answer is none of the above.
There is still a platform where you can buy both local and international gift cards at very affordable rates in Nigeria.
What is The Best Platform To Buy Affordable Gift Cards From in Nigeria?
Cardtonic is the best platform to buy both local and international gift cards in Nigeria. Despite the price hike, this gift card exchange platform has remained solid and kept its customers interest as their number one priority.
Having your customers in mind means providing the best gift card rates for users, so they can still purchase these digital assets without breaking the bank.
Asides from selling gift cards at the most reasonable price in Nigeria, Cardtonic is also completely secure and delivers directly to our doorstep within 3 days.
How Can I Buy Gift Cards on Cardtonic?
The first thing you would need to do is download the Cardtonic application either from Google Play Store or IOS Store.
The second step is registering on the platform by providing simple details such as your full name, email address, bank account number, etc. Once this is done, you can proceed to buy your gift cards.
Buying Gift Cards on Cardtonic
1.Open Your Cardtonic Application or the Cardtonic website
2. Click the “Buy Gift Cards” Section
3. Search and select the gift card country. For example; “United States”
4. Select Desired Gift Card
5. Click on Card Unit (Amount desired) & Quantity (Number of gift cards)
6. Proceed To Payment.
On Cardtonic, you can buy gift cards online with debit cards, credit cards, or via your virtual bank account on the app.
Types of Gift Cards You Can Buy on Cardtonic
Here are some of the gift cards that are currently available for purchase on the platform.
- Adam n Eve gift cards
- ShopRite gift cards
- Filmhouse gift cards
- Spar gift cards
- Prince Ebeano gift cards
- Bnatural gift cards
- Casper & Gambinis gift cards
- David Wej gift cards
- Game gift cards
- Grocery Bazaar gift cards
- Hairitage Hub gift cards
- Health Plus gift cards
- Hingees gift cards
- Hubmart gift cards
- Jumia gift cards
- Keje gift cards
- KL’s Naturals gift cards
- Oriki gift cards
- Oneandko gift cards
- Ruff n Tumble gift cards
- Samsung gift cards
- Sure gifts gift cards
- Xbox gift cards
- Walmart gift cards
- eBay gift cards
- Target gift cards
- Apple gift cards
- Google Play gift cards
- Sephora gift cards
- Razer gold gift cards
- Steam Wallet gift cards
- Foot locker gift cards
Conclusion
Life is easier with gift cards. Whether you are redeeming them personally at their brand or gifting loved ones, these digital assets make your everyday activities much simpler especially in Nigeria. However, due to the price hike, it is becoming increasingly difficult to purchase and enjoy gift cards as much as before.
Although there are some valid reasons for the rise in gift card prices like; inflation and increased demand, most of the gift card exchange platforms in Nigeria only care about maximizing their profit.
The best app to buy gift cards in Nigeria is Cardtonic. This is a platform that puts their customer’s interests first and makes it possible for their users to still purchase all types of gift cards from Nigeria with ease.
PRODUCT LINKS
PLAY STORE: https://play.google.com/store/apps/details?id=com.cardtonic.app
APPSTORE: https://apps.apple.com/us/app/cardtonic-sell-gift-cards/id1548466084
HELP CENTER: https://help.cardtonic.com
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