What’s the difference between closed/semi-closed loop and open loop?
With closed loop and semi-closed loop cards, the POS terminal dials directly to TenderCard’s secured servers without passing through any third parties. This means our cards can only be used at specific locations setup by the merchant to accept gift cards. Open loop products utilize the infrastructure and network of a large issuer such as Visa, MasterCard, Discover, and American Express to service their merchants. Such cards can be used at any location that processes transactions with that issuer.
