Physical gift cards are actual physical (plastic) cards that are purchased directly from a physical store. Physical gift cards are safest and will fetch you the best money return.
Electronic gift cards, also known as egift cards, digital gift cards, mobile gift cards and virtual gift cards, all refer to gift codes that are delivered using technology such as email, SMS text, social media and smartphone apps.
Almost all retailers offer consumers gift cards as a way to shop or give money to friends, both in the online and brick-and-mortar variety. There are two types of gift cards—physical and digital (e-gift cards)—and each comes with a wide range of features and benefits.
As a gift card user, you have several unique options to choose from, including paper, plastic and even digital. Which gift card should you go for? Let’s take a closer look at these options.
Physical Cards Are Better for Sales
Physical gift cards comprise those that users present in card form physically while digital gift cards are used through digital devices. While e-gift cards are more economical, there are advantages of using physical gift cards instead of e-gift cards.
Security- Digital Gift Cards Are Prone to Fraud
Digital gift cards are prone to fraud, especially when bought online. Not only do customers need to enter their personal information to purchase the gift cards, but scammers are using e-gift cards to steal cash via chargeback and resell methods. Physical gift cards is direct and gives room for less security worries.
If you have ever bought a physical gift card, you can attest to its ease of use, convenience and clarity. This is sharply opposed to the e-gift card process which is not bereft of complications. The card must be shown to the recipient via email or text. The recipient must then save the card to their mobile device for use. Some recipients may not possess a device that works with e-gift cards, which can render the cards useless.
A physical gift card is gotten physically and most times, in person. Digital gift cards must be sent to the recipient and may fall victim to email security filters, making them difficult to find and easy to miss.
Prepaid credit cards, debit cards, and reloadable gift cards generally offer better value than retailer-specific gift cards, but regular credit cards can offer some advantages when it comes to earning rewards on purchases or taking advantage of card-specific features, such as travel incentives or rewards bonuses.
Cardtonic operates as a trading platform with direct gift card brokers. Cardtonic also provides flexible trading options to allow the ease of trading. This platform allows the option of trading via Instant messenger, website, and a mobile app for convenience.
Trading is done easily through the mobile app, website, and instant messengers. Moreover, this platform processes over 10,000 transactions each month. Given so much volume, the company possesses a brilliant reputation for being secure and reliable.