{"id":4754,"date":"2021-09-21T15:21:31","date_gmt":"2021-09-21T12:21:31","guid":{"rendered":"https:\/\/blog-stage.resal.me\/?p=4754"},"modified":"2021-10-07T17:06:32","modified_gmt":"2021-10-07T14:06:32","slug":"digital-gift-cards-or-cash","status":"publish","type":"post","link":"https:\/\/blog.resal.me\/en\/2021\/09\/21\/digital-gift-cards-or-cash\/","title":{"rendered":"Which One is a Better Employee Reward: Cash or a Digital Gift Card?"},"content":{"rendered":"

The digital gift card is a term that became very popular among businesses and companies as an employee gift instead of physical gifts or cash. So no wonder if we see that the global gift card market was valued at $619.25 billion in 2019<\/a> and is expected to reach $1,922.87 billion by 2027.
\nAnd since ages, there has been a debate going on about digital gift cards and cash and which one is the best gift to reward your clients, employees or partners with. Which one increases motivation and a good working environment, and which one is financially good for the company. If you are feeling confused about the choice between giving cash or giving Digital Gift Cards to your employees, In this article, we will give you everything you need to know about digital gift cards, and help you choose the best corporate gifts for your clients.<\/p>\n

What\u2019s a Digital Gift Card?<\/h2>\n

A gift card is simply a prepaid discount or a rechargeable balance, containing a specific
\namount of money that recipients use to make a variety of purchases, at the businesses or stores compatible with the cards.
\nGift cards first appeared in 1994, they were used as a practical alternative to cash in purchases within a specific store or related business, according to Mageplaza, a marketplace from the open-source ecommerce platform Magento. Since then, the digital gift card industry has grown exponentially and is in high demand.
\nNot only Gift cards are used for personal uses, they are also used in businesses as they are awarded by companies or employers as rewards to their customers and employees. They can also be given by retailers and marketers as part of a business promotion strategy, such as the loyalty program, to motivate the client to visit and return to the store.<\/p>\n

What are the features of digital gift cards?<\/h2>\n