Some Gift cards owners often prefer to spend their money on purchasing items from retail stores, but many holders often look for ways to sell gift cards for cash or crypto. This act has motivated an opportunity for many platforms that exchange gift vouchers for fiat cash or crypto and Paxful is actually one of them.
Paxful is a well known online blockchain Peer-to-Peer network and app that lets you buy and sell cryptos like Bitcoinc, Ethereum and Tether. This platforms provides their customers with more than 350 methods of payment reason why it is used by many around the world to buy and sell gift cards or perform any other crypto transaction.
It is necessary you know that with Paxful, you can only sell gift cards for bitcoins and other cryptos. After a successful trade, the crypto is automatically added to your Paxful Wallet.
If you have any spare gift cards lying around and you do not fee like purchasing anything, you can convert your gift card into crypto on Paxful.
You can sell your gift cards for crypto in 3 simple steps as you will see below in this article.
Table of Contents
What is a Gift Card?
A gift card is a prepaid debit card that contains a specific amount of money available for use for a variety of purchases. Store gift cards are designed to be used at specific merchants or retailers, while general-use prepaid gift cards are not affiliated with any specific merchant and can also be used to withdraw cash at automated teller machines (ATMs).
Can I Sell My Gift Card on Paxful?
Yes! you can sell your gift card on Paxful in 3 simple steps. It is necessary you keep in mind that you can only sell your gift card on paxful for bitcoins and other crypto currency.
How to Sell Gift Card on Paxful
Well you can follow the steps below so as to successfully convert your gift cards into crypto. I will provide you with well detailed steps and screenshots gotten from my experience while trading gift cards on Paxful.
Step 1: Getting Started
The very thing you have to do is to create an account for those that do not yet own a Paxful account.
On Paxful, Registration is free and it also comes with a free bitcoin wallet which you will be using later on for your earnings. So make sure your account is as secured as possible by enabling the 2 Factor authenticator.
Step 2: Creating and Offer
Once you have created an account and enabled all your security measures, then it is time to now create an offer.
In order to create an Offer, simply click on "Create an Offer" which you will see on the top left of the home page.
Once you click on Create an Offer, you will be taken to the creation page where you can customize your offer on several ways. First choose Buy Bitcoin, this will let BTC sellers to see your offer on the Sell Bitcoin page.
From here now, you can sell your bitcoin using any of the 300+ payment method available, including many gift card options. So it is left on to you to select your preferred gift card and currency and then click on Next Step.
Once you have selected your gift card type, now set a price for your Gift card. With respect to Bitcoins Rates, you have 2 options; Market Price and Fixed Price. Each seller has their own preferences.
Once you have chosen the rate, you can now set your profit percentage or market rate (depending on which Bitcoin rate you choose), trade limits and offer limit.
Proceed to write your own offer Terms and instructions once you are done setting up the pricing.
This page consist of 5 main components.
Offer Tags: These are tags that help potential sellers find your offer. You will find a list of available tags at your disposal so it is left to you to choose your preferred tag or suggest one in case you do not see what you want.
Offer Label: Here is the elevator pitch for your offer. Sum up your offer in 25 characters or less and entice a BTC seller to click on your offer.
Offer Terms: Provide other users with a rundown of how you want to get paid. These are your requirements which will be shown to the seller before the trade starts, so make sure you explain things clearly.
Trade Instructions: These are the more detailed set instructions which will be shown when the trade has started. Make them as clear as you can more preferably in a bulleted list so as to avoid any confusion on the sellers side.
Verification and Limitations: You can further narrow down your potential sellers by country, verification status, trade count, reputation and their VPN usage.
Once you have entered all these options, you can set your offers working hours and choose which days and times you want your offer to be active.
It is necessary you quickly review your offer details on the side and if it is ok, you can finish up by clicking Create an Offer.
Final Thoughts on How to Sell My Gift Card on Paxful
Paxful is a well known online blockchain Peer-to-Peer network and app that lets you buy and sell cryptos like Bitcoinc, Ethereum and Tether. This platforms provides their customers with more than 350 methods of payment reason why it is used by many around the world to buy and sell gift cards or perform any other crypto transaction.
In this article, you can see well detailed steps on How to sell gift card on Paxful in 3 easy steps. Hope this article was helpful to you.
Frequently Asked Questions
How can I sell my gift card instantly?
Raise offers two payout methods: ACH direct deposit and PayPal. Other sites, like CardCash, will remove the hassle of selling the card yourself. As soon as they verify your gift cards, they'll pay you and take care of the reselling themselves. CardCash will give you up to 92% of the cash value of your cards.
How Do I redeem My card on Paxful?
You can redeem your gift card on Paxful in 3 easy steps which include; Getting Started, creating an offer, and then waiting for your buyer to propose.