Is there a fee to purchase prepaid Visa Gift Cards?
There is a one time $3.95 purchase fee1 for each Card at the time they are purchased. There are no fees charged to recipients when they use their prepaid Visa Gift Cards to make purchases.
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2. Are there any other fees associated with prepaid Visa Gift Cards?
There are no fees when using prepaid Visa Gift Cards to make purchases. However, because prepaid Visa Gift Cards are not credit cards, there are some fees in place to cover the cost of providing certain services. If cardholders use the entire Card amount within the first six months after the card is purchased, they will not be charged any maintenance or expiry fees.
$1.50 monthly maintenance fee, applied to the Card six months after the card is purchased.
An expiry fee equal to the value of the balance remaining on the Card upon expiry.
$15.00 Card replacement fee for lost or stolen cards. The replacement Card will be mailed to you.
Transactions that take place outside of Canada or in a foreign currency are converted to Canadian dollars and are subject to an exchange rate that is 2.5% above the bench mark rate set by the payment card company when the transaction is posted.