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Title: How and Where to Sell Gift Cards in Canada: Seller Guide
Gift cards have become one of the most popular e-commerce products in Canada. Their demand has steadily increased, with a significant surge during the COVID-19 lockdowns. According to available data, the Canadian gift card market was valued at approximately USD 46.51 billion in 2023. It is projected to grow to an estimated USD 101.75 billion by 2032, with an impressive compound annual growth rate (CAGR) of 9%. These statistics underscore the expanding popularity and potential of the gift card market in Canada.But why should you care about this rising demand for gift cards if you don't personally use them? The answer is simple. By tapping into this booming market, you can turn gift card sales into a profitable side hustle in Canada. To succeed, you must be well-informed about the most effective platforms and strategies for selling gift cards. In this article we will guide you through the intricacies of the gift card market, including where and how to sell gift cards in Canada efficiently, and the dos and don’ts of the trade.Understanding the Gift Card Market in CanadaAs previously mentioned, the gift card market in Canada is experiencing rapid growth. Increasingly, consumers are turning to gift cards for their everyday digital purchases. Moreover, gift cards are particularly popular as gifts, often given to loved ones during special occasions. Consequently, sales peak during holiday seasons, highlighting their significance in festive shopping trends.Most popular gift cards in CanadaIn Canada, some of the most sought-after gift cards include those from Amazon, Home Depot, Starbucks, Walmart, Best Buy, Sephora, and Uber. Due to their popularity, these gift cards tend to sell more quickly compared to others, making them an ideal choice for sellers aiming to meet consumer de...
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