Your recipient decides how to receive the gift, selecting amongst a bank account deposit, a PayPal transfer or an e-gift card to a national merchant. They can choose to spend the money at the suggested business or elsewhere.
The majority, or 57.7%, of shoppers say they'd like to receive a gift card this holiday season, according to the National Retail Federation. And most probably will. Eighty-percent of people will buy gift cards this holiday, up from 77% last year, according to the NRF's report.
Holiday shoppers are expected to spend an average of $155.43 on gift cards, up from $145.61 last year and the highest amount since 2007. This season, total spending on gift cards will reach $27.8 billion, the NRF said.
CardCash.com, PlasticJungle.com, Cardpool.com, CardWoo.com and GiftCards.com are just some of the gift-card exchange sites where consumers can either hawk their gift cards for roughly 90% of the face value or buy gift cards at 10% to 15% off.
Easily accessible and all-encompassing retailers like Amazon (AMZN, Fortune 500), Wal-Mart (WMT, Fortune 500) and Target (TGT, Fortune 500) always make for the most coveted gift cards -- and least swapped, Klier said.
Seasonal gift cards like Sunglass Hut, Rita's Ice, Bass Pro Shops and REI are also deemed undesirable around Christmas, he said. According to the NRF, most shoppers said they will give friends or family a gift card to a department store, restaurant or the movies. Fewer consumers opted for bookstores, coffee shops and discount stores.
When you shop for gift cards from Sam's Club, you can have the physical gift card mailed to yourself or the recipient. Or, you can choose digital delivery. With digital delivery, there's no waiting. Just order the card and have it delivered via e-mail. This is perfect for those last-minute gifts, and it's convenient, too. 781b155fdc