The trade of worth for a retailer-specific type of fee is a monetary transaction involving present playing cards or retailer credit. Such devices, issued by main residence enchancment retailers, signify a pre-paid quantity that can be utilized for purchases inside that retailer’s shops or on-line platforms. For example, a person would possibly obtain a present card to a house enchancment chain and subsequently determine to promote it for money.
This follow affords a number of benefits. It offers rapid liquidity for people who might not have an instantaneous want for residence enchancment provides or want money over retailer credit score. It additionally creates a secondary market, permitting people to accumulate these fee devices at a reduced fee. This secondary market exercise is usually fueled by circumstances similar to receiving undesirable presents, returns with out receipts leading to retailer credit score, or bulk purchases the place extra credit score is generated. This exercise has grown steadily as the usage of present playing cards and retailer credit has grow to be more and more prevalent.
