What is the black market rate of 30 Pounds UK Amazon Gift Card in Nigeria for cash?
Amazon Gift Card Insights
An Amazon Gift Card is a pre-paid card that can be used to make purchases on Amazon.com or its affiliated websites. It’s a convenient way to give someone credit towards shopping, with no fees or expiration dates. Recipients can choose from various denominations, and the card can be used for both physical and digital products.
A GBP Amazon gift card is a pre-paid card that can be used to make purchases on Amazon.co.uk. It’s loaded with a specific amount in British pounds (GBP) and can be used to buy almost anything available on the site, including electronics, books, and apparel. It serves as an easy and convenient way for customers to shop on Amazon without the need to enter credit card details or have a bank account.
How to Turn Your Amazon’s Gift Card Into Nigerian Naira with Ease
How Much Naira Can You Get for a 30 Pounds UK Amazon Gift Card?
Card Type
GBP
Naira
Amazon
5
4,900 to 5,500
Amazon
25
24,500 to 27,500
Amazon
30
29,400 to 33,000
Amazon
50
49,000 to 55,000
Amazon
100
98,000 to 110,000
Amazon
200
196,000 to 220,000
Amazon
500
490,000 to 550,000
What steps should I follow to use my Amazon gift card?
To use Amazon Gift Cards, simply add them to your Amazon account by visiting the “Payment Methods” section, entering the card number and PIN, and saving it. When you make a purchase, select the gift card as your payment method. The card’s balance will be deducted from your order total.
Factors that Determine Amazon Gift Card Rates
Economic Stability: Nigeria’s economic performance, including inflation rates, GDP growth, and currency devaluation, impacts the demand for foreign currency, affecting the card’s value.
Market Supply and Demand: The availability of Amazon Gift Cards in Nigeria and the demand for them from consumers drive their price.
Transaction Costs: The fees associated with purchasing or exchanging Gift Cards can vary, affecting the final exchange rate.
Exchange Rate Fluctuations: The Nigerian Naira’s exchange rate against the US Dollar and other currencies influences the price of Gift Cards.
Cross-Border Regulations: Restrictions or policies on foreign transactions can alter the availability and pricing of Gift Cards.
Digital Platform Policies: Amazon’s policies on Gift Cards and their partnerships with local payment platforms can also impact the exchange rate.