The alternate of worth for a retailer-specific type of fee is a monetary transaction involving reward playing cards or retailer credit. Such devices, issued by main house enchancment retailers, symbolize a pre-paid quantity that can be utilized for purchases inside that retailer’s shops or on-line platforms. For example, a person may obtain a present card to a house enchancment chain and subsequently resolve to promote it for money.
This observe affords a number of benefits. It offers fast liquidity for people who might not have an instantaneous want for house enchancment provides or favor money over retailer credit score. It additionally creates a secondary market, permitting people to accumulate these fee devices at a reduced charge. This secondary market exercise is usually fueled by circumstances comparable 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 using reward playing cards and retailer credit has grow to be more and more prevalent.
