Avid shoppers know the feeling of excitement when they are about to receive plenty of rewards and points after making a purchase. It is indeed very exciting when you receive gift cards as well, like an eftpos gift card. These gift cards are best used for gaining cash backs and rewards. For instance, companies may promote their business by giving incentives or rewards to existing customers to find new customers and introduce their brand.
An eftpos gift card is already loaded with money in it. The consumers only need to activate it, and it is now ready to use. This type of gift card is used in most stores; it is very flexible and ideal for people who spend every day. If a corporation or business wants to avail of an eftpos gift card, they have plenty of design options to choose from. It is very customizable; they can include business logos on it as well.
What are the advantages of an eftpos gift card?
This gift card does not require a bank account or a high credit score. You do not need to undergo a long process of application and approval. You can acquire an eftpos gift card in an instant. It is very feasible and accessible. Most stores have an eftpos terminal. Once there is a terminal, you can already access and use your card. You can purchase anything from any store at any time. Also, most eftpos gift cards expire every 12 months, which is a very considerable duration already. You only need to update and renew your card once a year.
How to use the eftpos gift card
The eftpos gift card has a limited amount of money within it. The amount is reduced every time you purchase something with the card. Since the amount has a limit, you cannot use the gift card anymore if you have already spent every last dime on the card.
It can only be used in an eftpos terminal and not online, through ATMs or other methods. If you want to check your card’s balance now and then, there is no fee. There are also no monthly fees to worry about, and there is no charge even if your card is inactive. The eftpos gift card can act as your money used in a cashless transaction. However, you cannot withdraw the cash from it.
If your card still has a remaining balance and you would like to purchase something but the balance is not enough for the price, you can still buy it and use the remaining money in your gift card, but you have to add a supplemental payment via other payment methods.
When will an eftpos gift card not work?
- You cannot access your eftpos gift card if you are trying to purchase something that is beyond the amount left on your card.
- If your card is already expired and you haven’t renewed it, then it will be useless.
- Security is important, so it is a must that you always remember and input your correct PIN. Each transaction will require you to enter your PIN. You cannot use it if you enter the wrong number.
- It will not work if the reserved funds are not yet released.
- As mentioned, eftpos gift cards are only used in stores that have an eftpos terminal. You cannot use them in stores that do not accept gift cards as payment.
