Arcade Card Terms and Conditions
1. Validity and Expiration:
- Gift cards purchased in New York State on or after December 10, 2022, will remain valid for a minimum of nine years from the date of purchase
- If the remaining value of a gift card or gift certificate is less than five dollars, the recipient has the option to receive cash for the balance.
2. Prohibited Fees:
All fees related to gift cards and gift certificates are prohibited under the new law. This includes:
- Activation fees
- Retroactive fees
- Redemption fees
- Service fees
- Dormancy fees
- Latency fees
- Administrative fees
- Handling fees
- Access fees
- Periodic fees
- Renewal fees
- Re-loading fees
- Any other fee of any kind.
3. Exceptions:
A gift card or gift certificate redeemable at multiple, unaffiliated merchants or service providers may charge a one-time activation fee, not to exceed $9.
4. Display of Terms:
Businesses must prominently post the ‘Terms and Conditions’ that apply to their gift cards. This includes information on how to replace a missing card.
5. Consumer Protection
- Nine years of validity for gift cards.
- Cash redemption for balances under five dollars.
- No decline in value due to fees.
