It sounds like you’ve provided a great overview of how gift cards work! They’re a convenient and secure way to make purchases, especially for people who prefer not to use traditional debit or credit cards. The fact that they can be used anonymously makes them a popular choice for gifts, as well as for those who want to manage their spending more easily.
One other thing worth mentioning is that many gift cards now come with an expiration date or inactivity fees if they’re not used within a certain time frame. Have you had any experiences with gift cards, or are you thinking about getting one for a specific purpose?