A Mastercard gift card is one of those gifts that brings a smile, knowing it can be used for shopping. However, not everyone wants to spend it in stores. Fortunately, you can convert a Mastercard gift card for cash on FlipEx and use the funds however you like.
To clarify, a Mastercard gift card differs from a regular Mastercard debit card. While both enable payments, a debit card has additional features, such as being reloadable. A gift card, however, is preloaded and cannot be recharged, but it can be converted to cash if needed. So, let’s take a closer look at this option.
In this guide, you will discover the many uses of Mastercard gift cards, where and how to trade your Mastercard gift card for cash.
What is a Mastercard Gift Card Used for?
Mastercard gift cards are versatile payment debit cards issued by Mastercard. They allow users to make purchases online or in-store wherever Mastercard is accepted. While these cards are convenient for shopping, many people choose to convert them to cash in Naira. This is particularly common in Nigeria, where users may find cash access more valuable and flexible than having funds tied to a card.
Converting your Mastercard gift card to Naira on FlipEx can be especially beneficial if you need quick cash for personal or business expenses.
Popular Uses Of Mastercard Gift Cards In Nigeria
There are various uses of Mastercard Gift Cards in Nigeria, some of the most popular uses are:
1. You Can Convert Mastercard Gift Card to Naira
Mastercard gift cards can be converted to cash (Naira) on FlipEx. If you have a Mastercard gift card to sell for Naira, here is a simple guide to sell it on FlipEx:
- Download the FlipEx App on either Google Play Store or Apple App Store
- Or visit www.flipexapp.com and click “Sign up”
- Enter your basic personal information to create an account
- Pick “Sell Giftcards” and choose Mastercard.
- Select the gift card currency, type, and denomination.
- Enter the gift card amount.
- Review details & Initiate Sale
- Tap “Continue” to finalize the selling process
Once your conversion is approved, you will receive your funds directly in your FlipEx Wallet. You can thereafter withdraw cash from your FlipEx wallet into your bank account anytime.
2. For Online Shopping
Mastercard Gift Cards are widely used for online shopping, enabling Nigerians to purchase goods and services from international websites like Amazon and eBay. When shopping online, it's important to verify that the merchant accepts Mastercard Gift Cards. This option broadens the purchasing horizon beyond local borders and gives users access to a wider range of products. But for Nigerians who own Mastercard gift cards and can’t use it for shopping on online marketplaces in Nigeria, the next best option they can explore is to convert their Mastercard gift card to Naira on FlipEx
3. International Transactions
For Nigerians frequently travelling or making international purchases, Mastercard Gift Cards are invaluable. They can be used to pay for travel expenses such as flights, hotels, and car rentals. Additionally, these cards facilitate international money transfers, and provide a seamless way to handle transactions abroad. It’s crucial to understand MAstercard’s terms and conditions to avoid unexpected fees when using your Mastercard gift card internationally.
4. Gifting
Mastercard Gift Cards are perfect for gifting, allowing recipients the flexibility to choose their own gifts. They are popular for personal gifting to friends and family, whether within Nigeria or abroad. Corporations also use them for employee rewards and client appreciation, as they offer a professional yet personal touch.
5. Other Uses
Beyond shopping and gifting, Mastercard Gift Cards can be used for paying educational tuition fees and making donations to charities. This flexibility makes them an excellent financial tool for various transactions.
How To Use A Mastercard Gift Card in Nigeria
Using a Mastercard Gift Card is straightforward. For online purchases, you can enter the card details at checkout, just like a credit or debit card. To check the balance on your Mastercard gift card, follow the instructions provided by the card issuer, often available online or via customer service. Be aware of any potential fees or restrictions that may apply, especially when using the card for international transactions.
Considerations To Note While Using Mastercard Gift Cards
Before using your Mastercard gift card online, you may need to register it. This links the card to your personal information, enabling online transactions and enhancing security. To register, visit the website or call the customer service number listed on the back of the card, and follow the provided instructions.
It's important to check your card balance before making any online purchases to avoid declined transactions. You can do this by visiting the card's website or calling the toll-free number on the back. Enter your card details and follow the prompts to view your balance.
To protect your Mastercard Gift Card, treat it like cash. Keep it in a safe place and record the card number and customer service contact in case it is lost or stolen. Report any lost or stolen cards immediately to prevent unauthorized use. When making online transactions, ensure the website is secure and reputable to avoid fraud.
To Wrap it Up
Mastercard Gift Cards provide numerous benefits and conveniences for users in Nigeria. They facilitate diverse transactions, from online shopping and international purchases to gifting and paying for services. Knowing how to use them effectively and securely, users can maximize their benefits.
For those looking for a secure platform to trade Mastercard gift card for cash, FlipEx is here to ensure that your Mastercard gift card brings forth enough to help you sort out your bills. So, download the FlipEx app for Android devices, Apple devices or visit our website. Register if you are new, or login if you are an existing FlipEx user. And the world of digital asset trading is yours.