Figures from GVS parent TSC Ventures indicate that more than half of revenues come from inactive balance charges and other card administration fees
Figures from GVS parent TSC Ventures indicate more than half of revenues come from inactive balance charges and card administration feesgift cards in Ireland, has reported a profit of €10.43 million in 2022, as figures from its parent company indicate more than half of revenues come from inactive balance charges and other administration fees.
GVS also charges a fee of €2 per card when purchased from Post Point, Tesco, Circle K and Dealz outlets, or a €2 postage and packaging fee when purchasing cards online. If buying One4all cards from a post office, there is a fee of €2 for the first card and €0.50 per additional card. Accounts for TSC Ventures, which oversees gift card sales across Ireland and the UK, reported total revenues of €72.31 million in 2022, which include GVS’s Irish revenues of €34.57 million.