A gift card is a prepaid debit card that contains a specific amount of money available for use for a variety of purchases.
How a Gift Card Works
Gift cards are a form of prepaid debit cards loaded with funds for future use. There are generally two types of gift cards: open loop and closed loop cards.
Both types can typically be used online and in person.
Benefits of Gift Cards
Gift Cards can receive more appreciation if you buy it keeping in mind the likes & interests of the receiver.
Besides giving the joy of shopping, the other technical benefits of Gift Cards are:
Freedom to choose: With the entire world available online, Gift Cards give the receiver the freedom to choose whatever they want from a retail store or online.
Safety: Gift Cards work like a debit card and are safe as they can be frozen in case of loss or theft, without losing the money in it.
Easy Access: Gift Cards are prepaid cards that simply have to be swiped by the receiver to make electronic payments!
Convenience: Mobile Gift Cards come directly on the receiver’s mobile phone through email or SMS. This makes it easier to carry in the mobile phone and safer as the card is then associated with that mobile number.
Tracking: Gift Cards prove to be useful when given to young shoppers. Grown-ups can monitor and control the spending (unlike cash) by restricting the amount of money and locations of spending.
In case you decide to send the Gift Card, the cost to do so is a lot lesser than sending any package.
Buying a Gift Card is also convenient as it can be done online as well.
Gift Cards can prove to be a good necessity gift for someone who might be going through a rough patch financially.
Helping with Gift Cards can be a lot more graceful than giving cash.
GiftOga is a gift card selling platform, also they buy and redeem gift cards Locally and internationally.
In my next article, I will be talking more about Giftoga, the benefits of the platform before then you can sign up at GiftOga