Tag: ebay

  • 6 reasons to buy the teacher a prepaid gift card

    6 reasons to buy the teacher a prepaid gift card

    By Donna Freedman

    Teachers get a lot of gifts in December. Some are formulaic: “No. 1 Teacher” coffee mugs, say, or plaques shaped like apples. Some are heartfelt: photos, handmade crafts, cookies decorated by sticky young hands.

    Trouble is, teachers have way too many mugs, plaques, scarves/neckties, candles, pencil jars and picture frames. See, they’re teaching 20 or more kids per year and such gifts add up – or, rather, they pile up until teacher donates them to the charity thrift shop.

    One thing many educators say they’d love to get is a letter from a student (or his parents) thanking him or her for making a difference. This costs nothing but time, and it’s a lovely gesture.  A holiday gift is a nice gesture, too. But in the current mindset of “Experiences, Not Stuff,” why not give a prepaid gift card? Here’s why.

    1. It’s payback. Chances are your child’s teacher is spending his or her own money on the classroom. According to a 2013 survey from the National School Supply and Equipment Association, teachers shell out an average of $485 per year on stuff for their students – and 10 percent of them spent $1,000 or more. Yikes!

    2. It’s flexible. Sure, you could buy a specific gift card to a bookstore or educational supply shop – but a prepaid card gives the teacher a lot of leeway. She can use it at the hardware store to buy items for the science fair displays, or at the supermarket to buy ingredients for punch and cookies on Valentine’s Day.

    Technically she could use it on something for herself. Don’t count on it, though: The Curse of the Teacher leads many instructors to view all gifts in terms of how they might benefit the classroom. (See “$485 a year,” above.)

    3. It’s non-offensive. That candle and holder you bought at a friend’s home party is pretty, but the teacher may have limited room for tchotchkes. (She may also dislike candles.) A gift certificate to The Body Shop might never get used because strong fragrances trigger her asthma. Or suppose you offer a mani-pedi gift certificate only to realize later that you have never, ever seen this teacher wear nail polish; for all you know, she took it as a criticism of her appearance.

    4. It’s non-caloric. Teachers get a lot of homemade treats as well as gift cards to the doughnut shop or the frozen yogurt place. But you don’t know whether he or she is is on a diet, or has health issues that preclude treats.

    5. It’s non-caffeinated. Starbucks cards have become the coin of the realm lately. I even know a dentist who hands them out to patients kept waiting too long. However, not everyone drinks coffee or even tea.
    Besides, your child’s teacher may have one of those diet/health issues and the card wouldn’t be a good fit.

    6. It’s not a coffee mug! Teachers don’t need more of these. Really. Please.

     
    Guest Author Donna Freedman contributed this article. Donna Freedman writes about personal finance for Money Talks News and other websites and magazines, and blogs at DonnaFreedman.com. This article was revised and jointly written by Curtis Arnold and posted on the Huffington Post here: http://www.huffingtonpost.com/curtis-arnold/low-fee-prepaid-gift-cards_b_6336082.html

  • The Race Is On: Comparing Apple Pay and PayPal

    The Race Is On: Comparing Apple Pay and PayPal

    Comparing Apple Pay and PayPal. That is what a lot of consumers interested in ditching the plastic in their wallets will be doing now that PayPal has made it clear that it’s going to make a play for the growing mobile payments market.

    For well over a decade now it has been impossible to think of eBay without also thinking of PayPal. True, PayPal has been a subsidiary of eBay since it was acquired in 2002, but the connection in the consumer’s mind was probably more visceral: In order to buy something online at eBay required a PayPal account. On September 30, though, that bond was snapped when eBay announced that it would spin off PayPal, which is set to now become its own publicly traded company in 2015.

    Although repeatedly denied by eBay executives over the past year, the move does not come as a major surprise. And the reason it is happening, many speculate, is simple: Mobile payments. Indeed, while PayPal has become the go-to method of online payment, many consumers don’t even consider it when it comes time to make a purchase with a smart phone. Making that transition to become a leader of the quickly evolving mobile payment industry is a huge opportunity. Market research firm eMarketer expects the mobile payments industry in the U.S. to grow to $118 billion by 2018, up from just $3.5 billion this year.

    Of course, PayPal is not alone in pursuing this large market. Google Wallet and other mobile payment options like Square have been around for years. Earlier in September, Apple threw its hat into the ring with the unveiling of Apple Pay, the announcement of which included deals with large retailers, such as Whole Foods and McDonalds.

    Many observers believe that Apple will provide stiff competition for PayPal. A large measure of its advantage comes from the fact that Apple Pay is incorporated into the iPhone 6 and iPhone 6 Plus, which were purchased by 10 million customers during the first weekend it was available. “Competitors will be forced to counter Apple’s smart phone advantage,” Citicorp analyst Donald Fandetti said in a Bloomberg article. “We see good merchant and consumer adoption over time.”

    Still, other observers contend that an independent PayPal will be more able to innovate and come up with mobile payment services and products that will challenge Apple, Google and other competitors. While it’s impossible to predict which individual company will flourish in the mobile payments industry, the sheer level of interest by big brands does indicate that the days of plastic cards are numbered.

     

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