Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,932,741 members, 7,093,083 topics. Date: Thursday, 29 September 2022 at 08:01 AM

Five Important Reasons Why You Should Start Using Gift Cards - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Five Important Reasons Why You Should Start Using Gift Cards (332 Views)

Five Important Tips For Any Youth That Wishes To Prosper In Their Business!!! / Stop Carrying Your Phone About..Start Using The Passion Lazy Phone Holder / Five Most Important Reasons Why You Need A Foreign Currency Account (2) (3) (4)

(1) (Reply)

Five Important Reasons Why You Should Start Using Gift Cards by Gospelcaster(m): 1:28pm On Jun 11, 2020
Have you wondered why there is so much fuss about gift cards online?

Is the massive in flock of people buying, selling and making transactions with gift cards anything to go by?

What is in gift cards that makes them sought after and the rave of the moment?

This article provides a little bit of insight into the world of gift cards and some important reasons why they are great.

What Are Gift Cards?

Gift cards are prepaid stored-value money cards. They have a stipulated amount of money stored in them which can be used to pay for purchases on specified stores and general stores depending on the gift card.

They are gradually becoming an alternative to cash and credit cards in paying for stocks within stores or related businesses.

In various regions, they are known by different names. In the United Kingdom, they are called gift tokens or gift vouchers while in North America, they are called gift certificates. Whatever the name given to it, gift cards are certainly the best alternatives to cash and credit cards.

The benefits of gift cards can not be overlooked as these tokens are the best gift to give family, friends, co-workers, loved ones for just any occasion, no mater the interest and preference of the recipient.

With a gift card, you can make a variety of purchases available on a store which accepts that given gift card. Although there are restrictions to the use of gift cards as it pertains to stores, companies like MasterCard, Visa, American Express, Discover to mention a few offer Open Loop Gift Cards which can be used to make any kind of payment electronically almost anywhere.

An Open Loop Gift Card which is a type of gift card, the other being Closed Loop, functions almost as a prepaid card and shares similar qualities to it. 

On the other hand, Closed Loop Gift Cards cannot be used everywhere except in the stores specified by the issuers of the gift card and stores participating in the gift card use. An example is the Amazon gift card issued by Amazon. The Amazon gift card can only be used to pay for purchases on the Amazon official website alone.

Another example of a Closed Loop gift card is the Starbucks gift card which is issued by Starbucks Coffee Company and can only be used on the Starbucks Coffee company or any participating store approved by them.

No matter the gift card, Closed Loop or Open Loop, they are unarguably great for business and should be used by all regardless of social status.

Why You Should Start Using Gift Cards 

1. There is a gift card for every occasion.

A gift card is the perfect gift to give anyone regardless of your relationship with the person or the preferences of the person. Available online are various varieties of gift cards suitable for any occasion that matches the interest of everyone.

Be it Christmas, Thanksgiving, New Year, Birthdays, Weddings, Bridal Showers, Anniversaries, Child Dedication and so on, there is a gift card to gift for the celebration of any known occasion.

Gifting your old parents or your buddies or your siblings or tech enthusiasts or sportsmen or music lovers? There is a gift card that will suit the interest of your recipient. 

2. Gift Cards Come Both in Physical and Digital Forms

You can buy a physical gift card or opt for the digital version of gift cards called eGift cards. Some gift card issuers offer free shipping and delivery when you order for a physical gift card only it takes some time.

The eGift cards are often delivered in no time. Once you complete your order, you are sent the details of the eGift card but in some cases they may take up to 48 hours before they arrive. 

When you order for a physical gift card, you get it delivered to a location or address you will be asked to specify upon ordering. In the case of a digital gift card, they are delivered to your mailbox or any email address you specify.

Whether physical or digital, a gift card will suffice as an excellent gift anytime.

3. Best Alternative To Credit Cards When Shopping 

The use of credit cards to pay for goods bought is suffering a gradual decline as gift cards are fast becoming the preferred means of paying for purchases when you shop both online and offline.

With a MasterCard or Visa issued gift card, you can pay for any purchase almost everywhere and when you go to buy stuff on eBay, Walmart, Starbucks e.t.c you can easily make payments using the specified gift cards. 

An important reason why a gift card is the preferred means of making payments when you shop to credit cards is that with a gift card there are no additional or hidden charges unlike credit cards where the banks deduct charges when you make any transaction.

4. The Gift Card Market is a Very Profitable One

Statistics from the National Retail Federation say that over $2.7 billion are spent on gift cards during holidays seasons. They further estimated that an individual may buy up to 4 gift cards on an average scale amounting to about $45.

It is also estimated that the total expenditure on gift cards in a year will rise above $200 billion. That is so much money in something so little you may consider irrelevant. It is definitely a market to invest in today.

Buying and selling of gift cards is one venture many find lucrative hence the establishments of several platforms where one can buy and sell gift cards.

If you are looking for a place to buy and sell gift cards at the best rates then click HERE to contact Sunday Adebayo of Tradersplatorm for a quick transaction.

5. Everyone Wants To Buy and Own A Gift Card

There is a ridiculous increase in the number of people who want to buy and own gift cards. A survey by Proper Insights and Analytics have it that 59 per cent of the respondents will buy gift cards for loved ones.

This is no surprise when you take the benefits of owning a gift card into consideration. There are gift cards to make purchases from bookstores, drugstores, craft stores, music streaming services, video streaming services, departmental stores, gear shops, restaurants and much more.

One interesting fact about gift cards is that you can get a gift card to suit the interest of anyone. There are gift cards for gamers, software developers, tech guys, nerds, geeks, fashionistas, sports guys, music lovers e.t.c. You will always find a gift meet for everyone and anyone.


If you have not begin using gift cards, I think now is the time to start as you have been missing on a whole lot of value and amazing stuff. Aside that it is a profitable and viable market to invest in and rake in huge profits, gift cards can help foster and solidify relationships.

Yes! Give a gift card to your boo or bae and see it perform wonders in your relationship. You can put smiles on the faces of your parents when you gift them a gift card for their wedding anniversary. Buddies will be better buddies when you give them gift cards for their birthdays and so on.

Amazingly, you will always find a gift card for every occasion and to fit anyone's interest even make a living from it.

IMPORTANT NOTICE: Do you have gift cards you want to sell and you are looking for a place to sell them for the best rates and get paid instantly? 

Contact our 24/7 Available Trade Personnel via https://tradersplatform.net


(1) (Reply)

This Is Why Facebook Is Rejecting Your Adverts / Free, Simple & Short Feasibility On Maize Farming / How Have You Been Been Making Money During This COVID-19 PANDEMIC

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 149
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.