The first giftcard using a payments infrastructure was introduced by Neiman Marcus in late 1994, though Blockbuster Entertainment was the first company to do so at a wide scale, test-marketing them in 1995 and launching them around the country the next year. In the beginning, the Blockbuster giftcard replaced gift certificates that were being counterfeited with recently introduced color copiers and color printers. Blockbuster's first giftcard transactions were processed by what was then Nabanco of Sunrise, Florida. Nabanco was the developer of the first third-party platform for the processing of giftcards using existing payment infrastructure.
So if a retailer does go bust and I'm unlikely to get my money back, should I just throw my gift card/voucher away? No. Don't be too quick to chuck gift cards – administrators may have a change of heart. For example, when Comet went into administration in November 2012, the administrator Deloitte ended up allowing it to accept gift cards, after originally saying it couldn't.
A gift card may resemble a credit card or display a specific theme on a plastic card the size of a credit card. The card is identified by a specific number or code, not usually with an individual name, and thus could be used by anybody. They are backed by an on-line electronic system for authorization. Some gift cards can be reloaded by payment and can be used thus multiple times.
Bought a gift card or voucher worth £100 or more on a credit card? Try Section 75. If you paid for even a small part of the gift card on a credit card – and it was worth more than £100 in total – then Section 75 of the Consumer Credit Act 1974 may cover you. It states that your card company must refund all purchases worth between £100 and £30,000 in total if you don't get the service or the item you paid for.
If you enjoyed this post and would like some more money saving ideas, then head over to the saving my family money section here on Savings 4 Savvy Mums where you’ll find over 50 money saving tips to help you save your family more. There’s enough tips to help you save over £300 a month! You could also pop over and follow my family saving Pinterest boards for lots more ideas on how to stop spending and save more; Money Saving Tips for Families and Managing Money for Families
When you sign up for the Dr. Seuss & His Friends book club subscription, you will get 4 books for $4.99 and no shipping costs. It is definitely a steal. Dr. Seuss books are classic and I love my bedtime memories of reading them with my kids. Make sure to cancel the subscription, which is a piece of cake to do online to prevent this from becoming a recurring charge. Here’s the link to register.
This is such a precious time in your life but also a very expensive one BUT there are way you can save £££’s and get valuable freebies, this is by joining Pregnancy and Baby Clubs! Below I have compiled a large list of Baby Clubs in the UK which offer everything from free baby toys to a constant supply of coupons catered to every stage of your baby’s life….