What are Vouchers and Gift Cards?

In the UK, a voucher or gift card is essentially a prepayment for future goods or services. In simple terms, it’s a promise from a business to a customer – money is paid now in exchange for value later. That sounds straightforward, but in practice it creates responsibilities on both sides.

If terms aren’t clear, disputes can arise

Customers may assume vouchers never expire or can always be refunded. Businesses may see them as simple promotions without fully considering the liability they create.

Many people also don’t realise that if a retailer enters insolvency, gift vouchers can become worthless, because holders typically rank low among unsecured creditors in a liquidation process. This makes transparency even more important. Customers should know what they are buying, and businesses should treat vouchers as real obligations, not just marketing tools.

We take this seriously

Transparent voucher design is fair. When customers trust the system, they are more comfortable purchasing. When businesses understand their obligations, they can run campaigns sustainably.

Here are a few practical principles we focus on:

Clear expiry dates: All vouchers display explicit expiry terms so customers know the timeframe for redemption.
Automated tracking: Retailers can see outstanding voucher balances and redemption patterns in one place, helping them manage liabilities and plan capacity.
Defined campaign parameters: Businesses control caps, availability and timing so voucher sales don’t outpace what they can realistically honour.

The result is that customers feel safer buying and using vouchers, and businesses operate with clearer obligations and fewer surprises.