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THE SWEETER WAY TO GIFT
The person receiving the Charitable Giving Card designates your gift to the charity of his or her choice by redeeming the gift card online at www. Each card expires 12 months after the date of issuance. The date of issuance is on the back of each card. A nominal service fee will be applied to cover the cost for creating and processing the Giving Cards.
The organization or the individual ordering Charitable Giving Cards will be eligible for a charitable tax deduction for the full amount of your order, including the service fee. The redeemer of the Charitable Giving Card does not receive the tax deduction. Dollars not redeemed by Charitable Giving Card recipients will be granted to OneOC for use towards its mission of accelerating nonprofit success.
OneOC can private label Charitable Giving Cards so your company can give out customized and branded cards to your employees, customers or business partners. Companies can private label Charitable Giving cards and give out customized and branded cards to employees, customers and business partners.
We thought it would be fun to give cards to employees who participated in volunteer opportunities, blood drives, and community events throughout the year and allow them to choose a charity endearing to them that they could make a donation to. They are a hit! Everyone is really excited that we are able to support something they are passionate about.
Would definitely want to do this again in the future. We gave them to staff who had been outstanding volunteers or gave extra effort to help with our community impact projects. Everyone absolutely loved being able to donate money to a cause that was important to them personally and it was so easy on my end just having to do one payment through OneOC. Thank you so much for coming up with this simple way to allow people to give back!
Gift cards, to a degree, may overcome this problem but have certain pitfalls. Some feel that the absence of the thought of selecting a specific gift makes a gift card a worse choice than a poorly executed but individual gift. New services launched by some service providers allows for customization and personalization of gift cards. Gift cards have been criticized for the ability of the issuer to set rules that are detrimental to the purchaser or card recipient. For example, gift cards may be subject to an expiry date, administrative fees, restrictions on use, and absence of adequate protection in case of fraud or loss.
However, these issues have been addressed in recent years in some jurisdictions. In the United States , many jurisdictions limit or prohibit all fees or expiration dates for gift cards. Further, because of the negative impact on sales that such policies can have, most merchants have adopted and even advertise a "no fee, no expiration" policy for their gift cards, whether or not state laws require it.
In , an estimated 2. A quarter of gift card recipients still have not spent gift cards a year after receiving them, according to a Consumer Reports survey.
And a majority of people say they end up spending more than the value of the card once they get to the store. In the event of the bankruptcy of the issuing retailer, the outstanding value on gift cards is considered unsecured debt , and as such gift cards may become valueless.
Another issue regarding gift cards are the growing concerns from retailers and other businesses about what can be done to prevent gift cards from being exploited by fraudsters. Gift card information can either be stolen from their rightful owners by fraudsters or they can be purchased with stolen credit card information.
In recent years, cybercriminals have increased their efforts to take advantage of fraudulent gift cards as they are simple to exploit with automated brute-force bot attacks . Once a gift card has been compromised, the fraudster will then check the balance through online customer portals before using the funds or reselling on the secondary gift card market . Not all gift cards are redeemed. The card may be lost; there may be time decay expiration and fees or complex rules of redemption; the recipient may not be interested in the store that accepts the card or be under the false assumption that not using it will save money for the giver.
This has amassed a large opportunity in the secondary market, similar to the secondary ticket market in the early s. Some companies have created a business in the secondary gift card market that allow consumers to sell their unused gift cards or buy discounted gift cards to their favorite brands. All Canadian provinces have legislations passed to ban expiry dates and fees collected on gift cards. For example, gift cards that resemble credit cards i. Under the federal Prepaid Payment Products Regulations , effective May 1, , federally regulated gift cards may only charge maintenance fees under certain conditions, and may not set an expiry date for funds on those cards.
In the past, uniform standards concerning gift cards did not exist. This was set to change as an addendum to the Credit CARD Act of directs the federal government to create consumer-friendly standards pertaining to gift cards.
In addition, retailers are no longer able to assess dormancy, inactivity, or service fees unless the card has been inactive for at least 12 months, and if fees are added after that period, the details of such fees must be clearly disclosed on the card. Additionally, retailers are unable to levy more than one fee per month. The new provisions took effect on August 22, Open loop cards are governed by rules of the Comptroller of the Currency , however oversight has been criticized.
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Charitable Giving Cards FAQ
You can order any variety of Charity Gift Cards you want in one transaction. How can the answer be improved?Tell us how. Gift cards have become the most popular gift for all occasions – Give a charity donation gift card when meaningful matters! Denomination: Donation amount will appear on .