How To Use FlipEx Gift Card To Naira Rate Calculator

How To Use FlipEx Gift Card To Naira Rate Calculator

No doubt, many Nigerians own gift cards worth sizable amounts of money in foreign currencies. However, knowing the exact exchange rate you will receive is crucial before selling your gift cards. This is where the FlipEx gift card to Naira rate calculator comes in handy. This free tool allows you to see the current rate FlipEx offers for different gift cards so that you can make informed decisions on your gift card conversion. 


What Are Rate Calculators For Gift Card Exchange Platforms?

A rate calculator on a gift card exchange platform is a tool that helps you estimate the amount of money you'll receive when you sell gift cards. The gift card rate calculator typically works by:

  • Asking for details about your gift card: This includes the brand, denomination (amount), currency, and sometimes the physical or digital format (e.g., plastic card or e-code). Please note, sensitive details are not needed when using the gift card rate calculator
  • Factoring in the platform's exchange rate: This is the percentage of the gift card's value that the platform keeps as a fee for facilitating the exchange.
  • Displaying the estimated payout amount: This is the money you'll receive in your chosen currency (often local currency like Naira).

Using a rate calculator is important for several reasons:

  • Transparency: It allows you to compare rates offered by different platforms before choosing one.
  • Informed decisions: It helps you understand the value you will receive for your gift card and allows you to decide if selling it is the best option.
  • Convenience: It saves you time by providing an estimate instantly without needing to contact the platform directly.

Remember, rates can fluctuate frequently, so it's crucial to use the rate calculator close to the time you plan to sell your gift card for the most accurate estimate.


How Do You Navigate The FlipEx Rate Calculator

Using the FlipEx rate calculator is as easy as ABC. You do not need to sign up or log in to your FlipEx account to use it.

All you need to do is:

  • Log on to the FlipEx website on your computer or the mobile app on your Android or iOS device.
  • On the home page, click on “Rate Calculator”
  • Click on “Select card” to choose the desired card from FlipEx’s list you wish to trade.
  • Click on “select currency” to choose the currency the gift card is valued in.
  • Click on “select card type” to select the type of card the gift card is, either one with no receipt or an ecode card.
  • Click on “select denomination” to choose the denomination of the currency the gift card is valued in.
  • Enter the amount you want to trade in the “enter amount” box.
  • The system automatically processes your input and gives you the total value in Naira of the gift card you wish to trade. There are no additional fees or charges. What you see is what you get.


Important Points To Note

It is imperative to understand that exchange rates of gift cards change with the fluctuations in the foreign exchange market, so you may need to check the rates every time you want to trade so that you do not trade your gift cards thinking you’d get the same value as your last transaction with FlipEx. You can also contact FlipEx’s customer support team if you have any questions.


How To Sell Gift Cards on FlipEx After Using The Rate Calculator?

After using the rate calculator to check the value of your gift card in Naira, you will have to log into your account and do the following:

  • Choose "Sell Gift Card" on the dashboard and enter the details and amount of your gift card.
  • Before accepting the quoted Naira rate, thoroughly review it.
  • Your FlipEx Wallet will be instantly credited when the sale is approved. After that, you may deposit your money into the bank account of your choice. 

You can rest assured that exchanging gift cards for Naira is the simplest and best method when you follow these simple steps mentioned above. It's a safe and speedy process.


Wrapping it Up

Using the FlipEx gift card rate calculator empowers you to make informed decisions when selling your gift cards for Naira. By checking the current rates, you ensure you're getting the best possible value for your unused gift cards. Don't settle for less - use the FlipEx Rate Calculator today and maximise your returns.

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