Gift Cards are now a Billion Dollar industry. In 2006 consumers spent over $50 Billion Dollars in Gift Card purchase. Large companies and small businesses are now realizing the convenience of Gift Cards. They are a cost effective means of replacing existing paper certificates.
Gift Cards are activated and loaded by the merchant at the time of purchase. Each consumer transaction is deducted from the pre-paid balance.
The sales receipt displays the amount spent and the remaining balance on the card. Consumers can also check their balance online in real-time.