The trade of worth for a retailer-specific type of cost is a monetary transaction involving reward 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. As an illustration, a person may obtain a present card to a house enchancment chain and subsequently resolve to promote it for money.
This apply presents a number of benefits. It gives quick liquidity for people who could not have a right away want for residence enchancment provides or choose money over retailer credit score. It additionally creates a secondary market, permitting people to amass these cost devices at a reduced fee. This secondary market exercise is commonly 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 using reward playing cards and retailer credit has change into more and more prevalent.
