What Are Meant by Steam Gift Cards?
A Steam Gift Card is a digital voucher that allows users to purchase games, software, and other content on the Steam platform. It can be redeemed by entering a unique code on the Steam website or mobile app. Users can choose from various denominations and gift the card to others or use it themselves to buy items from the Steam Store. The card is not tied to any personal account, offering flexibility for gifting or self-purchase.
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According to the Cardsvendor rate calculator, the value of 1USD in Steam gift cards is between 1,150 and 1,200 Naira. Thus, a 100USD Steam gift card is worth between 115,000 and 120,000 Naira. Exchange rates are highly dynamic, so using the Cardsvendor rate tool can help you stay updated with the latest conversions.
Card Type
USD
Naira
Steam
5
5,750 ～ 6,000
Steam
25
28,750 ～ 30,000
Steam
30
34,500 ～ 36,000
Steam
50
57,500 ～ 60,000
Steam
100
115,000 ～ 120,000
Steam
200
230,000 ～ 240,000
Steam
2000
2,300,000 ～ 2,400,000
What steps should I follow to use my Steam gift card?
1. Purchase a Steam Gift Cardfrom a retailer.
Activate the Card: Visit the Steam website and go to ‘Redeem a Steam Gift Card or Wallet Code’.
Enter the Code: Enter the 16-digit code found on the back of the card.
Select a Currency: Choose the currency for the card’s balance.
Add to Wallet: The balance will be added to your Steam account.
Make Purchases: Use the funds to buy games, software, or other items in the Steam Store.
Remember, Steam Gift Cards cannot be redeemed for cash or credit.
How To Check Steam Gift Card Balance
Open Steam: Launch the Steam client on your computer.
Login: Sign in to your Steam account if you’re not already logged in.
Store Page: Click on the “Store” tab on the top menu.
Redeem a Gift Card or Wallet Code: Look for the “Redeem a Gift Card or Wallet Code” link on the Store page.
Enter Code: Click the link, then enter the 20-digit code from your Steam Gift Card into the provided field.
Check Balance: After entering the code, click “Continue.” Your Steam wallet balance will display below the code field.
Remember, the balance check will be accurate for the current date, and it’s recommended to keep your Gift Card code safe for future reference.
Factors that Determine Steam Gift Card Rates
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Gift card prices are influenced by several factors:
1.
Supply and Demand:High demand can lead to increased prices, while excess supply can drive prices down.
2.
Issuer Costs:Production, distribution, and redemption costs affect the card’s value.
3.
Retailer Policies:Merchants may adjust prices based on marketing strategies or inventory management.
4.
Economic Conditions:Recession or inflation can alter consumer spending and, consequently, card values.
5.
Competition:The presence of similar gift cards on the market can drive prices lower.
6.
Regulatory Changes:New regulations may increase costs for issuers, impacting prices.
7.
Seasonality:Holiday seasons often lead to increased demand and higher prices.
How Is Steam Gift Card Rate Determined?
Supply and Demand: Local demand for Steam games influences the supply of gift cards, affecting their price.
Exchange Rate Fluctuations: The Nigerian Naira’s value against the US Dollar impacts the cost of gift cards.
Geopolitical Events: Economic and political stability in Nigeria can impact the Naira’s value and, consequently, the exchange rate.
Market Competition: Local and international market competition can drive down prices.
Transaction Costs: Service fees and bank charges can add to the cost of gift cards.