All about Gift Cards & Gift Vouchers

All about Gift Cards and Gift Vouchers


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The gift that stops giving

  • Reporter: Georgia Main
  • Broadcast Date: December 09, 2010

Gift cards are the perfect gift for those ‘hard to buy for’ family and friends. This year alone, we'll splurge $1.5 billion dollars on them, much of it in the lead up to Christmas.

But 20% are never used so it’s a windfall for retailers and money down the drain for customers.

.......

With $300 million spent on unwanted vouchers, new website Card Limbo, where you can buy; swap and sell gift cards, could be the answer.

CEO Fergus Koochew says, “The price we'll pay for the gift card will depend on the popularity of it and the number of remaining valid days. The more popular gift cards, for example Coles Group and Myer, Woolworths and Wish Gift Card, we're currently buying at around 90 per cent”.

Even partially spent gift cards qualify or you can purchase gift cards for a substantial discount.

Click here to view video of the story featuring Cardlimbo at Today Tonight or read the full article.

Source: TodayTonight.yahoo.com 9/12/2010

 


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