Did you know gift cards have really become a popular digital asset in our world today? Their widespread use can be attributed to the growing number of online users and the real value of the cards that continue to attract the interests of many people as well as business entities. But as they gather huge momentum in the market, it is important to highlight some of the advantages of gift cards for more understanding.
What Is A Gift Card?
A gift card is a prepaid card of stored value that can be used to access products or services at stores. Business brands issue the cards to serve as a payment for their offerings. There are different types of gift cards – physical, digital, and gift vouchers. They are denominated in various currencies, popular of which are the US dollar, euro, British pound, Canadian dollar, etc.
There are different kinds of gift cards that serve varying purposes. For instance, there are video game gift cards, entertainment gift cards, gift cards for a 20-year-old, gift cards for teens, and whatnot. In essence, gift cards are designed to serve specific purposes.
Advantages Of Gift Cards
1. Gifting
Gift cards have transformed the gifting culture across countries and regions. Unlike traditional gifts, these cards are designed with a value that your recipient can use as they choose. This means that giving gift cards as a gift to someone gives them freedom and flexibility, as it can be tailored to your recipient’s preference.
For instance, a gaming enthusiast may love to receive a Steam gift card as a gift on their birthday rather than a greeting card or perhaps a shirt or trousers. This is because the card recipient tends to use redeem the Steam card on the Steam store for various video content.
Therefore, giving gift cards as gifts can earn you (the giver) some satisfaction as your recipient gets to appreciate you more for enabling them to have access to what they like. Also, imagine giving a shopping enthusiast a $100 Amazon gift card, like a jackpot, for buying almost anything on the Amazon store.
In all of these, the ability to give people cards that specifically target their interest, as well as their real-time value, makes gift cards a better option than regular gifts.
2. Convenient Payment Method
Online shopping has grown tremendously across space and time. This is evident since the inadvertent COVID-19 pandemic that shut down physical businesses. Continuous demand for products and services resulted in the emergence of online companies to serve the teeming users.
However, the restriction that buyers might face due to geographical location or local currency has made many businesses adopt gift cards as payment methods. As such, many e-commerce platforms and other companies enable gift cards to access their products or services.
For instance, you can use Apple gift cards to subscribe to Apple Music, as you can also use the card to purchase Apple products like iPhones, Apple wristwatches, MacBooks, iPads, etc. Even for entertainment, you can use a Netflix gift card to subscribe to Netflix from anywhere.
3. Business Promotion
Businesses continue to map out strategies they can employ to attract more customers and boost their retention funnel. But one tool that some businesses use to achieve this goal is gift cards. Unlike cash, gift card is a marketing strategy for businesses such that the more users hold your card with your business logo on it, the more people know about your brand.
In addition, businesses can use gift cards to offer discounts to customers who use cash or credit/debit cards. This, in turn, can increase the conversion rate of your business and its growth.
4. Spending Control
Some younger people are grappling with impulse buying as they cannot track their spending after some time. This is common with using cash and credit/debits, as you might lose track of your spending over time. But gift cards can remedy this situation as you can easily control your spending with the digital asset.
When you redeem your card at its supporting store, you can get to know how much you spent on a particular product and know your card balance.
You can also make a good budget around your card such that you don’t spend beyond the card value. For example, if you’re holding a $100 Steam gift card, you can purchase gaming content beyond the $100 value. But you can spend within this value and retain your card balance to spend some other time.
5. Trading
Gift card trading is one of the best ways to make money online if you want to keep having money in your pocket. This hinges on the growing demand for gift cards in the market, and you can sell your card in exchange for cash or other assets like cryptocurrency.
Therefore, if you have a card that you don’t want to redeem, you can sell the card instead of leaving it to waste. Let’s reiterate that gift cards are a valuable asset, as some of them don’t expire. So, learn how to trade your gift card.
How can you trade your gift card? You can sell your gift cards on a reliable and reputable platform like Prestmit. This is one of the best gift card trading platforms that allows you to sell your card for fiat or cryptocurrency.
Prestmit boasts a gift card rates calculator, sophisticated security, sleek user interface, responsive customer support, and lightning-fast payment to enable profitable and safe trading.
How To Sell Gift Cards On Prestmit
Here are the quick steps to sell your cards:
- Visit the official Prestmit website or download the Prestmit app on the Google Play Store or Apple Store.
- Create a Prestmit account and log in.
- Click “Gift Cards” and choose “Sell Gift Cards.”
- Select your preferred payment method (fiat or cryptocurrency).
- Choose the card you want to sell from the “Gift Card Category” and select the “Gift Card Type.”
- Enter the “Amount” of the gift card you want to sell.
- Upload the image of your card or enter the card code in the comment section.
- Click “Proceed” to complete the transaction.
- You will payment immediately after the successful confirmation of the transaction.
Frequently Asked Questions (FAQs) About Advantages Of Gift Cards
Can I Shop With Gift Cards?
Yes, you can shop with gift cards at physical or online stores that support you. Popular stores at which you can use cards to purchase your preferred products are Amazon, Steam, Apple, Sephora, etc.
How Valuable Is Gift Card?
Gift cards have real-time value that affords you access to products or services. Cards are denominated in various currencies and can be used as an alternative to cash or credit/debit cards.
Can I Make Money From My Gift Card?
Yes, you can make money from your gift card by selling it on a trusted platform like Prestmit. This platform offers excellent gift card rates that make you profitable trading.
Conclusion
Gift cards are a popular digital asset among young people as they continue to use them for various intended purposes – shopping, trading, or gifting. The advantages of gift cards can not be overemphasized. But, it is important to know the goal you want to achieve with your card before using it.
