Open Loop (or network): This is widely accepted as it is associated with a particular network – be it Visa, MasterCard, American Express or similar.
Closed Loop: This is accepted only at select locations or can be used only for a few select brands.
There are also two types of cards based on their ability to reload:Reloadable: Gift Cards that can be reloaded with money time and again till its date of expiration.
Non-reloadable: These kind of Gift Cards can be loaded only once.
DBMR has served more than 40% of Fortune 500 firms internationally and has a network of more than 3000 clients. To know more about the study, visit //baronmoving.com/reports/global-gift-card-market
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