Let’s explore some of them so you can make a more informed decision on whether to use it or not. Like any other investing app, Stockpile has its advantages and disadvantages. This is particularly helpful if the recipient isn’t in the US or is otherwise ineligible for a Stockpile account for any reason. Stockpile allows recipients to redeem gift cards for a gift to selected retail merchants. What if the recipient is not interested in purchasing any stock? While that is an option, Stockpile gift cards are for the site itself rather than individual stocks, meaning any product on the site can be purchased with the gift card. Fortunately, the recipient doesn’t have to purchase stock in the company specified on the gift card. It’s also mandatory for the recipient to be a U.S. If the recipient is a minor, a custodial account in the name of a parent or guardian is required. The recipient needs to be at least 18 years old and open a Stockpile brokerage account. However, redeeming them can be quite challenging. Purchasing Stockpile gift cards is simple and straightforward. The good thing about physical cards is that they normally have a greater positive impact compared to an e-card sent to someone via an email-there’s just something about holding a physical product that resonates more with recipients.
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However, shipping is usually free if you purchase at least three gift cards. You may also have to pay for shipping of the physical cards. Physical cards are available in three denominations: If you choose to go with physical cards, you will have to dig deeper into your pocket.įor a $100 gift card, for example, you’ll pay a $7.95 service fee, which is $1.96 more than what you would pay for an e-card of the same value. The higher the denomination of the gift card, the more you will pay in fees, thanks to the 3 percent charge. That means if you are buying a $100 gift card, you’ll need to pay a total of $5.99 between the two fees. Then there’s a 3 percent debit/credit card fee. You will need to pay $2.99 to cover the purchase fee on first stock bought with the e-card. To begin with, note that the buyer shoulders most of the cost to ensure the recipient receives the whole amount of the gift card.
Stockpile products and services are priced quite competitively. The list of those stores can be found on the Stockpile website.Ĭheck out Stockpile’s gift cards> Key Considerations Fees You can get physical Stockpile gift cards at various stores in the United States.
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Once you pay the total amount at the checkout window, the recipient will get a card for the full amount you wanted to give them. The gifting fee includes the trading fee and the credit/debit card fee. Keep in mind the final price you’ll pay will include the cost of the card and the gifting fee. Pay for your stock at the checkout window.You don’t need to sign up for an account to be able to make a purchase. If you opt to purchase the e-card, you can get it from the Stockpile website. You have the option of purchasing the card either as a physical card or as an E-card. You can purchase Stockpile gift cards for a loved one, which they can then use to buy stocks in a wide range of well-known companies, including Google, Netflix, and Amazon. However, you won’t have much to lose if the market goes down because you’ve invested very little. The value of that stock can grow from there or go down depending on the market dynamics. If you pay $100 for the stock, you get 0.02 shares. If a company’s stock is priced at $5,000, for example, you can decide to purchase a portion of the stock. With Stockpile, you can purchase fractional shares to reduce the cost of your investment, allowing you to purchase whole shares slowly over time. Sometimes you may want to own shares in a specific company, but you can’t afford the extremely high price of the stock. Two of their primary services include fractional shares and stock gift cards. Stockpile offers a variety of products and services that set them apart from other brokerage service providers. Start an account with Stockpile> What Stockpile Has to Offer If you are looking to introduce your children to the basics of investing, you will find Stockpile an invaluable tool.
Minors are allowed to receive stock gift cards, but their parent or guardian will need to set up a custodial account for them. citizen or resident at least 18 years of age to open a Stockpile account. Launched in 2010, Stockpile is an online brokerage service that allows you to purchase, sell, and gift fractional shares in more than a thousand stocks, exchange-traded funds (ETFs), and American depositary receipts (ADRs) through gift cards.
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