Gift Card Limit Update Effective May 15, 2024
Starting May 15, 2024, the maximum allowable value for issued gift cards will be set at $2,000 USD or the equivalent in other global currencies. This change is intended to help merchants remain compliant with local and international regulations governing gift cards.
Why the Change?
Regulatory requirements for gift cards vary from region to region, and setting a maximum limit ensures you do not inadvertently violate laws. By capping gift card values, Shopify helps protect merchants from potential legal risks and penalties.
Impact on Existing Gift Cards
Gift cards issued before May 15, 2024, will not be affected by this update. These cards will retain their original value, and merchants can continue honoring them without any changes.
Additional Information
- This adjustment applies to all Shopify merchants globally, ensuring compliance across different countries and currencies.
- The new maximum aims to streamline operations while aligning with legal guidelines.
- Customers making purchases with gift cards issued prior to the effective date will experience no disruptions.
- For further clarification, visit our Help Center.