A gift card is a prepaid debit card loaded with a specific amount, which can be used to make purchases and other financial transactions. It is a card or token that can be exchanged for a specified cash value of goods and services from a particular business, given as a gift.
Physical gift cards have been criticized heavily by society as being lazy, last resort gifts mostly because of the standing debate on whether they are practical, meaningful gifts or impersonal gestures.
They limit where you can shop, they are easily lost, they sometimes come with hidden fees and they often need to be used.
The gift card market is undergoing a significant transformation driven by the increasing popularity of digital and e-gift cards. The seeds of this transformation were planted during the COVID-19 pandemic during which society desperately needed convenient and versatile options to change the way we gave and received gifts.
These are some of the reasons why online gift cards are the future of gifting:
- Convenience at your fingertips: Online gift cards are convenient because they can be purchased, sent, and redeemed entirely online. The gifter can select from a variety of retailers or restaurants and have the gift card delivered directly to the recipient’s email inbox with just a few clicks.
- Flexibility and Personalization: unlike traditional gift cards they are not restricted to specific physical stores, online gift cards depending on the retailer can be used both online and in physical locations, many online gift cards also allow you to personalize the gift card by adding a heartfelt message or making an entirely different design. This adds a personal touch to your gift making it even more memorable and special.
- Environmentally Friendly: In today’s eco-conscious world, it is critical to find new ways to reduce waste and embrace sustainable practices and by using digital gift cards you eliminate the need for physical materials such as plastic or paper, lowering your carbon footprint and helping to create a greener future.
- Global reach: Unlike traditional gift cards limited to specific stores, digital options can often be redeemed at a wider range of merchants even across borders.
Conclusion:
The rise of digital and e-gift cards is revolutionizing the way we give and receive these gifts. As technology evolves and consumer preferences shift, we can expect even more innovative features and functionalities to emerge, shaping the future of gift cards and making gift card trading platforms like Kuditime more attractive for givers and recipients.
Frequently Asked Questions
1. Which gift card is higher in Nigeria?
Apple/iTunes store gift card is one of the highest gift cards in Nigeria.
2. Which platform is the best to trade my gift cards in Nigeria?
Kuditime is the top choice for gift card trading.
3. Who invented gift cards?
Neiman Marcus introduced the first gift card using a payment infrastructure through Blockbuster Entertainment.
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