No, I mean unlike a gift card, you can get your balance back from the card without the merchant's cooperation. Once you pay a merchant, it's not reversible.
Ah I see thanks, I see what you mean now. It's probably more like a prepaid bank card?
The big thing it's missing from a consumer standpoint is the purchase protection that comes with credit cards (which does let consumers claim refunds for faulty products etc).
The big thing it's missing from a consumer standpoint is the purchase protection that comes with credit cards (which does let consumers claim refunds for faulty products etc).