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Gift Card is a prepaid card or a payment card that allows the user to make purchases of goods and services from the recipient of the card. The total amount of the expenditure is deducted from the amount of the card until its full utilization. This means that the value of the gift card will become zero after the total money in the card has been used. Gift cards have become popular around the world as they provide a convenient way to give digital gifts or cash instead of physical gifts.
Gift card usage vary depending on different geographical and national regulations. Generally, people prefer to receive gift cards as gifts because of the flexibility in using the card. For example, some cards like Amazon Gift Cards only allow purchasing items from Amazons online store while others like Visa Gift Cards provide a wider range of services.
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