Can You Trade a Walmart Gift Card for Cash? Unlocking Options and Insights.

Can you trade a walmart gift card for cash – So, you’ve got a Walmart gift card burning a hole in your digital pocket, and the siren song of cold, hard cash is calling your name? Let’s face it, we’ve all been there. Perhaps it was a well-intentioned gift, or maybe a reward that doesn’t quite fit your immediate needs. The question on everyone’s mind is simple: can you transform that plastic rectangle into something more immediately useful?

This isn’t just about a transaction; it’s a journey through the labyrinthine world of gift card policies, potential pitfalls, and clever alternatives. We’ll explore the official stances, the legitimate methods, and the crucial precautions needed to navigate this terrain successfully. Prepare to become a gift card guru!

From Walmart’s own rules to the bustling marketplaces of online exchanges, we’ll dissect every avenue available. You’ll learn about the fees, the speed, and the safety measures involved in converting your gift card to cash. We’ll uncover hidden gems, like the possibility of using your card to purchase money orders, and navigate the tricky waters of retailer policies.

We’ll also equip you with the knowledge to spot scams, protect your personal information, and ultimately, make informed decisions. Think of this as your comprehensive guide to the art of gift card alchemy, turning plastic into something you can spend or save.

Understanding Walmart Gift Card Policies

Navigating the world of gift cards can sometimes feel like trying to decipher ancient hieroglyphics. Fear not, though! We’re here to demystify Walmart’s gift card policies, ensuring you’re well-equipped to handle these plastic treasures with confidence and savvy. Let’s delve into the official rules, fees, and timelines that govern your Walmart gift card experience.

Walmart’s Official Stance on Exchanging Gift Cards for Cash

The cornerstone of Walmart’s gift card policy is a straightforward principle: generally, you cannot directly exchange a Walmart gift card for cash. This is a common practice among retailers to maintain financial control and prevent fraud.
However, there are exceptions, and these are primarily dictated by state laws. Several states have enacted regulations that mandate retailers to offer cash back for gift cards under a certain value.

These thresholds vary. For instance, in some states, if your gift card balance falls below a specific amount (e.g., $5 or $10), Walmart might be legally obligated to offer you cash. It’s crucial to check your local state’s specific regulations regarding gift card cash back policies. You can typically find this information on your state’s Attorney General’s website or through consumer protection agencies.

It’s important to remember that Walmart’s policy will always defer to the more generous option for the consumer.

Fees Associated with Redeeming Gift Cards

Generally, Walmart does not charge fees for using or redeeming their gift cards. This is a consumer-friendly practice that allows the full value of the card to be utilized. However, it’s essential to understand that there may be indirect costs associated with using a gift card, depending on the purchase made.
For example, if you are purchasing an item subject to sales tax, the sales tax will be added to the final price, and the gift card will be used to pay for the item and the tax.

There are no extra fees related to the gift card itself.
Also, Walmart does not charge dormancy fees.

Expiration Policy of Walmart Gift Cards

Fortunately, Walmart gift cards do not expire. This is a significant advantage for consumers, allowing them to hold onto the card for as long as needed. The value remains available until it’s fully spent.
This policy provides flexibility and peace of mind. It allows the recipient to use the card at their convenience, without the worry of a ticking clock.

It’s important to keep the gift card safe and secure, as it is treated like cash.

Legitimate Methods to Convert Walmart Gift Cards to Cash

Turning a Walmart gift card into cash isn’t always straightforward, but several legitimate avenues can help you access your funds. These methods each come with their own set of pros and cons, impacting how quickly you receive cash and the associated costs. It’s crucial to understand these options to make an informed decision and avoid potential scams.

Using Gift Card Exchange Websites

Gift card exchange websites act as intermediaries, connecting people who want to sell gift cards with those who want to buy them at a discounted rate. These platforms streamline the process, but they also take a cut.Here’s how it generally works:

1. Choose a Reputable Website: Research and select a well-established gift card exchange platform. Look for sites with positive reviews, secure payment systems, and clear terms of service. Examples include Raise, CardCash, and Gift Card Granny.
2. Create an Account: Register on the chosen website, providing the necessary information, which usually includes your email address and payment details.
3. List Your Gift Card: Enter the details of your Walmart gift card, including the balance, and set a selling price. The website may suggest a price based on market value, which is often less than the face value.
4. Wait for a Buyer: Once your gift card is listed, you wait for a buyer to purchase it. This can take anywhere from a few hours to several days, depending on the demand for Walmart gift cards and your asking price.
5. Receive Payment: After the sale is complete and the gift card is verified, the website will release your payment. This is usually done via direct deposit, PayPal, or check, minus any fees charged by the platform.

The advantages of using gift card exchange websites include convenience and the potential for a relatively quick sale. The disadvantages are the fees involved, the possibility of not selling your gift card quickly, and the risk of using a less-than-reputable website.

Selling Gift Cards Through Online Marketplaces

Online marketplaces, such as eBay and Craigslist, offer another route for selling your Walmart gift card. These platforms provide a broader audience, but they also come with their own challenges.Here’s a step-by-step guide:

1. Create a Listing: On your chosen marketplace, create a detailed listing for your Walmart gift card. Include the gift card’s balance, any expiration date, and clear pictures of the card itself. Be transparent about the card’s condition.
2. Set a Competitive Price: Research the current market value of Walmart gift cards on the platform to set a competitive price. Pricing too high may deter buyers.
3. Communicate with Potential Buyers: Respond promptly to any questions from potential buyers. Provide additional information about the gift card to build trust.
4. Complete the Sale: Once you’ve agreed on a price with a buyer, facilitate the transaction. On eBay, this is usually done through the platform’s payment system. On Craigslist, you’ll need to arrange a safe meeting place and payment method.
5. Receive Payment: After the sale is complete, and you’ve received payment, transfer the gift card information to the buyer. This could involve providing the gift card number and PIN, or sending a picture of the card’s information if you are delivering it in person.

The advantages of using online marketplaces include potentially reaching a larger audience and setting your own price. The disadvantages are the risk of fraud, the time it takes to find a buyer, and the fees charged by the platform.

Comparing Different Methods

The best method for converting your Walmart gift card to cash depends on your priorities. Consider this comparison:

Method	Fees	Speed	Safety
Gift Card Exchange Websites	Typically, a percentage of the sale price. Varies by platform.	Potentially quick, depending on demand.	Generally safer, with built-in verification processes.
Online Marketplaces	Listing fees and commission fees. Varies by platform.	Can take longer to find a buyer.	Higher risk of fraud; requires careful handling of transactions.

Retailer Policies and Options

Navigating the world of Walmart gift cards and converting them to cash can sometimes feel like trying to decipher a secret code. While the primary function of these cards is to be spent at Walmart, there are alternative avenues, albeit often with limitations, that may offer a pathway to cash or equivalent value. Understanding these options requires a careful look at retailer policies and the fine print, which we will now explore.

Acceptance of Walmart Gift Cards by Other Retailers

Many people wonder if they can use their Walmart gift card at other stores. The straightforward answer is generally no, but there might be some exceptions to this rule.

The vast majority of retailers do not accept Walmart gift cards as a form of payment. This is because each retailer has its own payment processing system and agreements with financial institutions.

• Direct Exchange is Rare: It’s highly unlikely that a competitor like Target, Amazon, or Kroger would directly accept a Walmart gift card. Their business models are designed to encourage spending within their own ecosystems.
• Third-Party Resale Platforms: Platforms such as Raise or CardCash may facilitate the sale of Walmart gift cards, but these are secondary markets. These platforms typically involve selling your gift card for a percentage of its face value, meaning you won’t receive the full amount in cash.
• Specific Partnerships: In rare cases, there might be specific partnerships or promotions that allow for cross-retailer usage, but these are usually temporary and highly specific. Always check the terms and conditions of any such offer carefully.

Using Walmart Gift Cards to Purchase Money Orders

Purchasing money orders with a Walmart gift card is a possible, albeit not always straightforward, route to converting the gift card’s value into something more akin to cash. This method comes with its own set of considerations.

Walmart stores, particularly those with a money center, often allow customers to purchase money orders. However, there are limitations and potential issues to be aware of when using a Walmart gift card for this purpose.

• Policy Variations: Walmart’s policies regarding gift card usage for money orders can vary by location. Some stores may allow it, while others may not. It’s always best to check with the specific store before attempting this.
• Transaction Limits: Even if a store allows it, there may be limits on the value of money orders that can be purchased using a gift card. This might be due to anti-fraud measures or internal policies.
• Fees: Money orders come with fees, which will reduce the total amount you receive. These fees are usually a few dollars per money order.
• Documentation: You might need to provide identification when purchasing a money order, regardless of whether you’re using cash, a gift card, or another payment method.

Example:
Imagine you have a $100 Walmart gift card. You go to a Walmart store that allows gift cards for money orders. You purchase a $90 money order, paying a $10 fee. You now have a money order, which is like cash, but you’ve lost $10 in the process.

Limitations and Potential Issues of These Methods

Exploring these options reveals several limitations and potential issues that you must consider before attempting to convert your Walmart gift card to cash or its equivalent.

Both direct acceptance by other retailers and the money order method present challenges. Understanding these challenges can help you make an informed decision.

• Loss of Value: In nearly all scenarios, you will lose some value. Whether it’s through a discounted sale on a resale platform or fees associated with money orders, you will not receive the full face value of the gift card.
• Time and Effort: Finding a store that accepts gift cards for money orders, or navigating the process of selling your gift card on a third-party platform, can take time and effort.
• Risk of Fraud: Selling your gift card online always carries a risk of fraud. You could be scammed by a buyer who doesn’t pay or who uses a fraudulent payment method. Always use reputable platforms and be cautious about dealing with individuals.
• Policy Changes: Retailer policies can change at any time. What is allowed today might not be allowed tomorrow. It’s always a good idea to confirm current policies before attempting any transaction.

Verifying a Gift Card’s Balance

Before attempting any conversion method, it’s crucial to verify the balance of your Walmart gift card. This ensures you know the exact amount you have available and helps you avoid potential issues during the transaction.

Verifying your gift card balance is a straightforward process, but it’s an essential step to avoid surprises.

• Online Check: Walmart provides a gift card balance checker on its website. You will need the gift card number and the PIN (Personal Identification Number), which is usually found under a scratch-off area on the back of the card.
• In-Store Check: You can take your gift card to any Walmart store and ask a cashier to check the balance. They will scan the card and provide you with the remaining amount.
• Phone Inquiry: You can call Walmart customer service and provide your gift card information to inquire about the balance. Have your gift card number and PIN ready.

Important Note: Always keep your gift card information (number and PIN) secure. Do not share it with anyone unless you are making a legitimate transaction.

Risks and Precautions

Navigating the world of Walmart gift card conversions necessitates a cautious approach. While the potential to access cash from these cards exists, it’s vital to be aware of the inherent risks and take proactive steps to protect yourself from scams and fraud. This section will delve into the common pitfalls, providing actionable advice to safeguard your financial well-being.

Common Gift Card Scams

Gift card scams are unfortunately prevalent, often exploiting the anonymity and ease of use associated with these cards. Understanding the tactics employed by fraudsters is the first line of defense.

• The IRS Impersonation Scam: Scammers pose as IRS agents, demanding payment of back taxes via gift cards. They create a sense of urgency, threatening arrest or legal action if the victim doesn’t comply immediately. This is a classic example of social engineering. The IRS
  -never* demands payment via gift cards.
• The Grandparent Scam: A scammer contacts an elderly person, pretending to be a grandchild in trouble (e.g., needing bail money or assistance with an emergency). The scammer requests gift cards to be purchased and the codes shared over the phone.
• The Tech Support Scam: Scammers claim to be tech support representatives, alleging a computer virus or security breach. They convince the victim to purchase gift cards to pay for “repairs” or “security software.”
• Online Marketplace Scams: Fraudsters list fake items for sale on online marketplaces and ask for payment in gift cards, promising a discount or special deal. Once the gift card codes are provided, the seller disappears.
• Lottery/Sweepstakes Scams: Victims are informed they’ve won a lottery or sweepstakes but must pay fees or taxes using gift cards to claim their prize.
• Romance Scams: Scammers cultivate relationships online and eventually request gift cards to help with travel expenses, medical bills, or other fabricated needs.

Avoiding Fraudulent Websites and Offers

The digital landscape is rife with deceptive websites and offers promising quick cash for gift cards. Diligence is key to avoiding these traps.

Always scrutinize any website offering to buy your gift cards. A legitimate service will typically have a professional website, clear contact information, and positive customer reviews. Be wary of websites with poor grammar, spelling errors, or a lack of security features (e.g., HTTPS). Do your research. Check online reviews and ratings from independent sources before engaging with any gift card exchange platform.

Look for established businesses with a solid reputation.

Protecting Personal Information

Safeguarding your personal information is crucial during any gift card transaction. Scammers often use stolen data to commit fraud.

Never share your gift card number and PIN with anyone unless you are making a purchase or selling the card to a trusted and reputable source. Avoid clicking on suspicious links or opening unsolicited emails, as these can lead to phishing scams designed to steal your information. Be cautious about providing personal details, such as your name, address, or phone number, to gift card exchange platforms, and review their privacy policies carefully.

Consider using a separate email address specifically for online transactions to minimize the risk of spam and phishing attempts.

Red Flags to Watch Out For

Identifying red flags can help you avoid potentially fraudulent situations. Being vigilant can save you from financial loss.

• Unrealistic Offers: Be skeptical of offers that seem too good to be true, such as unusually high payouts for your gift cards.
• Pressure Tactics: Scammers often create a sense of urgency to pressure you into making a quick decision.
• Requests for Unusual Payment Methods: Legitimate businesses typically offer secure and established payment methods. Be wary of requests for payment via gift cards, wire transfers, or cryptocurrency.
• Lack of Contact Information: A legitimate business should provide clear contact information, including a physical address, phone number, and email address.
• Poor Website Design: Websites with spelling errors, grammatical mistakes, or unprofessional designs are often indicators of fraudulent activity.
• Unsolicited Contact: Be cautious of unsolicited offers or requests for gift card information, especially if you haven’t initiated the transaction.
• Requests for Gift Card Information Over the Phone: Never provide your gift card number or PIN over the phone unless you initiated the call and are certain you are speaking with a trusted party.
• Vague or Non-Existent Terms and Conditions: Always review the terms and conditions of any gift card exchange platform before proceeding. Be wary of platforms with vague or incomplete terms.

Alternative Uses for Walmart Gift Cards: Can You Trade A Walmart Gift Card For Cash

So, you’ve got a Walmart gift card burning a hole in your virtual pocket, and cashing it out isn’t an option. No worries! Think of it as a golden ticket to a world of possibilities within Walmart’s vast emporium. Let’s explore some fantastic ways to spend that card and turn it into something you truly desire.

Purchasing Products and Services with Gift Cards

Walmart gift cards aren’t just for groceries and household essentials; they’re a versatile currency that unlocks a universe of products and services. From the practical to the whimsical, the possibilities are surprisingly diverse.

• Everyday Essentials: Stock up on groceries, cleaning supplies, toiletries, and over-the-counter medications. Walmart’s vast selection makes it a one-stop shop for all your daily needs.
• Electronics and Gadgets: Upgrade your tech with new smartphones, laptops, TVs, gaming consoles, and accessories. Keep an eye out for deals and sales to maximize your gift card’s value.
• Home Goods and Decor: Spruce up your living space with furniture, bedding, kitchen appliances, and decorative items. Walmart offers a wide range of styles and price points to suit any taste.
• Clothing and Accessories: Refresh your wardrobe with apparel for men, women, and children. You can find everything from casual wear to formal attire, along with shoes, handbags, and jewelry.
• Entertainment: Purchase movies, music, books, video games, and streaming service subscriptions. Enjoy a relaxing evening with your favorite entertainment options.
• Pharmacy Services: Use your gift card to pay for prescriptions, over-the-counter medications, and other pharmacy services.
• Photo Services: Print photos, create photo books, and order custom gifts through Walmart’s photo services.
• Auto Care: If your local Walmart has an auto care center, use your gift card for oil changes, tire rotations, and other vehicle maintenance services.

Benefits of Using Gift Cards for Purchases

Gift cards offer several advantages over cash, making them a smart and convenient way to shop. They’re not just about spending; they’re about smart spending.

• Budgeting Control: Using a gift card helps you stick to a budget. You’re limited to the card’s balance, preventing overspending.
• Convenience: Gift cards are easy to carry and use, eliminating the need to handle cash or credit cards.
• Security: If a gift card is lost or stolen, it can often be replaced, unlike cash.
• Gift Giving: They make excellent gifts for others, allowing the recipient to choose exactly what they want.
• Promotional Offers: Sometimes, Walmart offers promotions or discounts specifically for purchases made with gift cards, giving you extra value.

Combining Multiple Gift Cards for a Single Purchase

Imagine you have several Walmart gift cards with varying balances. You can easily combine them to make a larger purchase. This is a simple, straightforward process, making it convenient to consolidate your funds.

Here’s how it typically works:

1. In-Store: At the checkout, inform the cashier that you’d like to use multiple gift cards. The cashier will scan each card, and the balance will be applied to your purchase.
2. Online: During the checkout process on Walmart.com, there’s usually an option to enter multiple gift card numbers. The system will then apply the balances to your order.

Important Note: While Walmart generally allows the combination of gift cards, it’s always a good idea to confirm their specific policies regarding the maximum number of cards that can be used per transaction, especially for very large purchases. Check the Walmart website or ask a customer service representative if you have any questions.

Legal and Regulatory Considerations

Navigating the world of gift cards involves more than just swiping and spending. It’s a landscape dotted with legal regulations and consumer protections designed to safeguard your hard-earned dollars. Understanding these aspects is crucial to avoiding pitfalls and ensuring a smooth experience when dealing with Walmart gift cards. Let’s delve into the legalities that govern these little pieces of plastic.

State and Local Laws Regarding Gift Card Cash Redemption

The ability to convert a Walmart gift card into cash is not a universal right. It’s governed by a patchwork of state and local laws that vary considerably. These laws aim to protect consumers from the potential for gift card issuers to profit from unspent balances.For example, many states have enacted laws that mandate cash redemption under certain conditions. These conditions often include:

• Small Balances: Some states require retailers to offer cash back for gift cards with balances below a specific amount, such as $5 or $10.
• Dormancy Fees: Regulations often prohibit or limit the fees that retailers can charge for inactivity on a gift card, ensuring the card’s value doesn’t erode over time.
• Expiration Dates: Many jurisdictions restrict or prohibit gift cards from expiring, protecting the consumer’s investment.

It’s important to know the laws in your specific location. Check your state’s consumer protection agency website or consult with a legal professional to understand your rights.

Impact of Gift Card Regulations on Consumers

Gift card regulations significantly impact consumers by providing a safety net and promoting fairness. These regulations level the playing field between consumers and large retailers.The primary benefits for consumers include:

• Increased Value Retention: Regulations against dormancy fees and expiration dates ensure that the full value of the gift card is available for use for a longer period.
• Cash Redemption Options: Laws allowing cash redemption for small balances offer consumers a convenient way to recover leftover funds.
• Transparency and Disclosure: Regulations often require clear disclosure of terms and conditions, helping consumers make informed decisions.

These regulations, while seemingly minor, collectively enhance consumer protection and increase the overall utility of gift cards. They encourage retailers to be more transparent and consumer-friendly.

Reporting Gift Card Fraud or Scams

Gift card fraud and scams are, unfortunately, a reality. Knowing how to identify and report such incidents is essential to protect yourself and others. These scams often involve:

• Phishing: Scammers may pose as Walmart employees or use fake websites to trick you into revealing gift card numbers and PINs.
• Gift Card Resale Scams: Fraudulent websites or individuals may offer to buy your gift card but fail to pay after receiving the card details.
• Gift Card Cloning: Criminals may copy gift card information and use it to make unauthorized purchases.

If you suspect you’ve been a victim of a gift card scam:

• Contact Walmart immediately: Report the fraud to Walmart’s customer service department. They can often freeze the card and investigate the issue.
• File a police report: This creates an official record of the incident and may assist in recovering lost funds.
• Report to the Federal Trade Commission (FTC): The FTC collects information about fraud and scams and can take action against perpetrators.

Be vigilant, protect your gift card information, and report any suspicious activity promptly.

Terms and Conditions Related to Walmart Gift Cards, Can you trade a walmart gift card for cash

Walmart gift cards come with a set of terms and conditions that govern their use. These terms Artikel the rights and responsibilities of both the cardholder and Walmart.Key aspects of Walmart gift card terms and conditions include:

• Redemption: Gift cards can be used to purchase merchandise or services at Walmart stores and on Walmart.com.
• Expiration: Walmart gift cards generally do not expire, providing long-term value to the consumer.
• Fees: Walmart typically does not charge any fees for gift card usage or maintenance.
• Lost or Stolen Cards: Walmart is not responsible for lost or stolen gift cards. However, if you have proof of purchase, Walmart may be able to assist in replacing the card.
• Restrictions: Gift cards may not be redeemable for cash unless required by state law.

Always review the full terms and conditions before using a Walmart gift card. You can usually find these on the back of the gift card or on Walmart’s website. Understanding these terms is vital to avoiding misunderstandings and ensuring a positive shopping experience.

Historical Context and Evolution of Gift Card Practices

Gift cards, those ubiquitous rectangles of plastic (or sometimes paper), have become a staple in modern commerce. Their journey from a niche offering to a multi-billion dollar industry is a fascinating tale of adaptation, innovation, and a keen understanding of consumer behavior. Let’s delve into the history and evolution of these versatile payment tools.

Origins of Gift Cards

The genesis of gift cards can be traced back to the late 20th century, with early iterations appearing in the 1990s. Initially, they were a response to the challenges of traditional gift-giving, like the uncertainty of choosing the right present. Retailers recognized the potential of offering a convenient alternative, allowing recipients to select their own desired items. Early adopters included major retailers seeking to streamline returns and boost sales.

Gift Card Popularity Surge

The popularity of gift cards exploded in the 21st century. This growth was fueled by several factors: their convenience for both givers and recipients, the increasing prevalence of online shopping, and the expansion of retail options. Gift cards offered a way to personalize gifts, avoid the hassle of returns, and provide flexibility to the recipient. The simplicity and widespread acceptance of gift cards made them a preferred choice for various occasions, from birthdays and holidays to corporate rewards and incentives.

Industry-Specific Gift Card Applications

Gift cards have found a home in virtually every industry.
Their adaptability is truly remarkable.

• Retail: Department stores, clothing boutiques, and electronics retailers utilize gift cards to drive sales, encourage customer loyalty, and simplify returns. Imagine a bustling department store on a Saturday afternoon, the gift card expedites the checkout process, making it a win-win for both the customer and the business.
• Restaurants: Gift cards for restaurants are a common sight, offering a convenient way to treat someone to a meal. Consider a family celebrating a special occasion, the gift card provides a delightful experience without the giver having to choose the specific dish.
• Entertainment: Movie theaters, amusement parks, and streaming services offer gift cards, catering to the demand for experiences. Think about a teenager receiving a gift card to their favorite streaming service, offering endless entertainment options.
• Services: Spas, salons, and gyms employ gift cards to attract new customers and promote their services. A relaxing spa day gift card provides an opportunity for recipients to indulge in self-care.

Evolution of Security Features

Gift card security has undergone significant changes over time, reflecting the ongoing battle against fraud and theft. Early gift cards were relatively basic, making them vulnerable to counterfeiting and misuse.
The evolution of these security measures has been crucial in maintaining consumer trust and protecting retailers.
Here’s how security has evolved:

• Magnetic Stripes and Barcodes: Initial security measures involved the use of magnetic stripes and barcodes, which could be scanned at point-of-sale systems to verify the card’s balance. However, these were easily duplicated.
• PINs and Activation: The introduction of Personal Identification Numbers (PINs) and mandatory activation processes added a layer of security. This prevented unauthorized use if the card was lost or stolen.
• Unique Serial Numbers and Card Numbers: The assignment of unique serial numbers and card numbers to each gift card enabled tracking and helped identify fraudulent activity.
• Enhanced Card Materials and Holograms: Retailers began using more durable card materials and incorporating security features like holograms to deter counterfeiting.
• Online Security Measures: With the rise of online gift card purchases, security features expanded to include verification codes, secure payment gateways, and fraud detection systems to protect against cyber theft.

Predictions for the Future of Gift Cards

The future of gift cards is likely to be shaped by technological advancements and evolving consumer preferences.
Here’s a glimpse into what we might expect:

• Digital Gift Cards: The increasing popularity of digital gift cards is a trend that is expected to continue, offering instant delivery, convenience, and reduced environmental impact.
• Mobile Integration: Integration with mobile wallets and payment platforms will enhance the user experience, allowing for easier storage, management, and redemption of gift cards.
• Personalization: Expect to see more personalized gift card options, including customized designs, messages, and the ability to link gift cards to specific products or services.
• Blockchain Technology: Blockchain technology could be used to improve the security and transparency of gift card transactions, reducing the risk of fraud and theft.