In 2024, what do we mean by "gift cards"?

In 2024, what do we mean by "gift cards"?
In 2024, what do we mean by "gift cards"?
By BonifaceMay 17, 20240 comment

When I first heard the word “Gift Card”, the mental image I conceived was that of the birthday cards we got as kids filled with radiant colors, crested balloons, Gift boxes, and poetic anagrams. I did not in the wildest of imaginations concede that Gift cards were an entire universe away from what I have conceded.

It did not come as a surprise that I ran into people who had ideas of a Gift card entirely different from what the ideal Gift card was.

Are you one of those who want to know what a Gift card Is? Well, there will be one less of such people by the time you get done reading this article.

In this article, we will handle the following related themes:

What is a Gift Cards?

What are the types of Gift cards?

What Gift cards are available on Kaapo?

How to trade your Gift card on Kaapo

WHAT IS A GIFT CARD?

Various definitions of a Gift card exist, however, because we are all newcomers, it will be wise to get a succinct definition to ease our understanding and not fill us with buzzwords. Wikipedia defines a Gift Card to be a “Prepaid stored-value money card issued by a retailer or bank to serve as an alternative to cash for purchases within a particular store, franchise or related businesses.

Being a stored-value Prepaid card, a Gift card has its value already loaded with a predetermined amount. This might be 50$, 100$, or more.

Also by being issued by a retailer, Gift Cards vary and are into types, kinds, and nature. These we will discuss in the next section of this article.

TYPES OF GIFT CARDS

Retail Gift Cards: Retail Gift cards are special Gift cards issued by a specific retailer. These Gift cards are specific to the particular retailer or brand. This entails that they can only be used at that retailer's stores, website, and related businesses. Gift cards from popular retail stores including Target, Amazon, Best Buy, and Starbucks.

Prepaid Debit Cards: Prepaid Gift cards are usually issued by major credit card companies. These Gift cards can be used at any merchant-related or in tandem with the card networks. Gift cards such as Visa, Mastercard, or American Express fall into this category and can be used to make online or in-store purchases.

Restaurant Gift Cards: Restaurants are issued by restaurants and can be exchanged for their services. These Particular gift cards may be specific to a particular restaurant, its related chain of restaurants, or even competitors as the case might be. Restaurant Gift cards can be used to pay for food, drinks, and other services being offered at the receiving restaurant.

Experience Gift Cards: These gift cards provide experiences rather than physical products, such as spa treatments, cooking classes, concert tickets, or travel vouchers.

General-Purpose Gift Cards: These gift cards are usually issued by major credit card companies and can be used at a wide range of merchants, both online and in-store. They are often referred to as open-loop gift cards.

E-Gift Cards: E-gift cards refer to digital gift cards typically sent through email or text messages. E-gift cards are redeemable online or in-store, depending on the receiving brand’s preference.

Reloadable Gift Cards: Reloadable Gift cards are gift cards that can be reloaded with additional funds after the initial value is used up. These Gift cards are often useful for long-term use and can be convenient for budgeting and planning purposes.

Charity Gift Cards: Charity gift cards are used for donations mostly. These gift cards allow the recipient to donate the value of the card to a charitable organization of their choice.

WHAT GIFT CARDS DO WE HAVE ON KAAPO

On the Kaapo app, you may trade your Gift cards for cash. In this app, you get your Gift card swapped into money in any currency and bank of your choice. The incredible thing is that the Kaapo app uses real-time global data to facilitate data buying at the best rate possible at the time.

The following Gift cards are admissible on the Kaapo app:

1. Amazon Gift cards

2. American Express 3751

3. American Express 3777

4. American Express 3779

5. Apple-Store

6. eBay

7. Footlocker

8. Google-Play

9. Itunes

10. Macy’s

11. Master 5113

12. Master 5165

13. Nike

14. Nordstrom

15. Razer-Gold

16. Roblox

17. Sephora

18. Steam

19. Vanilla 4097

20. Vanilla 4118

21. Vanilla 4847

22. Vanilla 4941

23. Vanilla 5164

24. Vanilla 5432

25. Visa 4020

26. Visa 4030

27. Visa 4034

28. Visa 4358

29. Visa 4852

30. Walmart

31. Walmart-Visa 4852

32. Xbox

HOW TO TRADE YOUR GIFT CARD ON KAAPO

1. Login to the Kaapo App. If you do not have an account yet, you may click on Register to create a new account.

2. Click on the “Trade Gift card” icon on your app home screen

3. Click on the choice Gift card on the grid list that appears.

4. Choose the currency

5. Select Git card type (activation code, cash receipt debit receipt.

6. Select chose related quantity

7. Upload a picture of the Gift card clearly showing details.

8. Add a comment indicating if it is an encode, the card is unclear or you have any comment to make further clarity.

9. Trade summary pops up, you may go back to edit any incorrect detail, in the absence of that, proceed.

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