It most certainly works the way you think. Do not be paranoid that everyone will be clicking the near button when you exile. Once the location on near is done, the gift is posted without delay. Its first come first serve then. Simply have the second Vita ready and hit its near button and the swap is done in about 30 seconds. Its a beautiful thing for those that spent lots of real money and have no mated plats. I just swap with my other Vita and voila.
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