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Now that customers can resell gift cards, should retailers worry?
New research from Mercator Advisory Group examines the secondary market for closed-loop gift cards
Author: Ben Jackson Published on: February 1, 2016
A research note from Mercator Advisory Group, titled Customers Reselling Gift Cards: Benefits for Retailers, provides an analysis of the secondary market for retailer-issued gift cards. The research note examines the size of the market, major players, and actions that issuers should consider if they wish to benefit from opportunities in this new market.
Retailer gift cards are one of the most popular gifts in the United States. Unfortunately, givers don’t always choose the gift cards their recipients would prefer. The growth of gift card resale sites has solved this problem in a way that can reduce the incidence of fraud, breakage, and perhaps more important, disgruntled customers.
“Gift card recipients are not always happy with the cards they receive. With Internet gift card exchange and resale sites, they now have additional options for what to do with the cards,” Ben Jackson, Director of Mercator Advisory Group’s Prepaid Advisory Service, and author of the report, comments.
This research note is 8 pages long and has one exhibit.
Companies mentioned in this research note include: Blackhawk Network, CardCash, eBay, GiftCardBin.com, GiftCardGranny.com, GiftCardRescue.com, inComm, MonsterGiftCard.com, Coinstar Exchange, Raise.com, Target, and Walmart.
Highlights of the research note include:
Commercial & Enterprise Payments
Debit & Alternative Products
North American PaymentsInsights
Small Business PaymentsInsights
Fraud Experience PaymentsInsights
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