A gift card is an electronic or physical card which carries a monetary value given to a friend or love one and redeemable to purchase an item online or to pay for something. For example, you can buy a gift card from Amazon for Rs. 1,000 and send it to your friend as a Birthday Gift. After he receives it, he can redeem it in his Amazon account and purchase anything for Rs. 1,000 from there. As Prime Minister Narendra Modi wants a cashless economy in India, the significance of gift cards is increasing today. Know more about a Gift Card, visit Wikipedia.
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Gift cards in India are of two kinds – Email Gift Cards (e-Cards) and Physical Gift Cards (paper). They are available for many occasions and purposes. If you want your gift card to be delivered to the recipient immediately, you can send an email gift card. If you buy a physical gift card, the seller ships it to the addressee by courier. Gift cards come with a voucher number and it should be entered at the card’s website to get the associated amount. Information on how to redeem it is available in the card.
Why Gift Cards are Important?
Gift cards are money gifts or payments given to someone in the form of email or paper cards. They are sold by many gift card companies in India. There are many benefits of using such a card as given below:
1. Money Gift
You may want to give someone some monetary assistance for buying an item from an online store. You can buy a gift card for the person and send it to him as an email gift card or paper gift card. For example, you can send a gift card for Rs. 5,000 from Flipkart to a student. After receiving, he or she can buy any exam books from Flipkart.
2. Gift Cards for Occasions
There are many kinds of gift cards for special occasions like birthday, wedding, Christmas, Diwali, Valentine’s Day and Greeting Cards. They are also available in English, Hindi and other Indian languages. You can send a gift card for any amount to surprise your friend or love one on their occasion.
3. Payment Balance
You can add any amount in your store’s account balance. So, you can add some amount in your Amazon Pay Balance to use the amount anytime for purchasing your requirements. Shopping with your store balance can be done without any transactional issues. If you are required to receive refund, the amount will be credited immediately in your account.
4. Cardless Transactions
Online purchases or payments are not impossible without a valid credit card, debit card or internet banking account. In such cases, you can give some fund to someone who doesn’t possess any credit or debit card or internet banking account. The person can redeem the gift card amount at the related store or website. For example, you can send a gift card of Amazon, Flipkart, Snapdeal, RBL bank, ClearTrip, Yatra, MakeMyTrip, Big Bazar, BookMyShow etc to a needy person. So, he can buy products or book tickets without any card.
5. Smooth Transactions
After adding the amount in one’s gift card account, it can usually be kept for one year in India. The account holder can utilize the fund to purchase any item on the site. Such transaction can be done smoothly without any worry of bank’s OTP sms on the mobile phone, debit card’s PIN number or internet banking password. If needed, refund can be credited in the account immediately.
One restriction is that the amount can’t be transferred to anyone else once added in an account.
If you need to add some fund in your Amazon Pay Balance, click on the following link: