New Legislation Regarding Gift Vouchers Has Been Brought Into Law – Here’s Everything You Need To Know
It comes as good timing
Good news is on the way for everyone doing their Christmas shopping, as new legislation regarding gift vouchers has come into effect.
As of the 2nd of December 2019, RTE has reported that gift cards sold must ensure a minimum expiry date of five years.
In addition to this, a ban on needing to spend the entire quantity of a voucher in one transaction has been put in place also.
The timing is pretty good, seeing as many of us will be buying gift cards as Christmas presents for friends and family this festive season, with the government feeling it necessary to push the bill prior to the beginning of the busy consumer period.
The Consumer Protection Bill was suggested following controversy expressed by the public from businesses imposing harsh terms on gift cards, such as short expiry dates and the need to spend the whole card value in one go, which only leads to huge losses for consumers.
RTE also noted that One4All, one of the biggest gift voucher sellers released a statement in which that stated that the new legislation will now be impacting it’s customers as their cards currently have no expiry date and can be used across several transactions.
For more information on gift card legislation, you can check out CCPC here.
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