Simon Mall Adds New Rules for Online Orders of Visa Gift Cards

Simon Mall gift cards

Simon Mall Adds New Rules for Online Orders of Visa Gift Cards

Simon Mall is a popular source for gift card purchases. They recently started selling $1,000 Visa Gift cards online. These gift cards are a great option for increasing credit card spend and earning rewards since you get large denominations and you can buy up to 25 cards per order or $25,000 in total. They can also be customized with your name. That makes them easier to use for in-store purchases.

The cards have a $3.95 activation fee, which is cheaper than most other options. You also pay a flat $10 processing fee per order and you need to pay for shipping. But there’s usually some type of discount that makes it cheaper.

New Rules

You need to register first with Simon Mall for this new bulk customer program. The process could take a couple of days and previously could be done completely online. But now Simon has sent out an email saying that you’ll first need to make one in-person purchase before making any online purchases.

Additionally, account holders that have not made a live on-mall transaction in the past 12 months, will be temporarily suspended. They will need to make an in-person purchase as well before continuing to place online orders.

Here’s the text of the email:

Simon Bulk Buyer Account Holders:

Due to Regulatory Compliance stipulations with large online financial product purchases, all online Bulk Buyers will now be required to make a minimum of one live in-person purchase transaction at a Simon Center. The in-person purchase transaction is required for live ID verification and a completed/signed Consumer Order Form as part of the federal Anti Money Laundering (AML) program.

For Account Holders that have not made a live on-mall transaction in the past 12 months, your account will be temporarily suspended until you have had the opportunity to do so. A Simon Giftcard Business Manager will be assigned to assist you with questions and the required purchase, and will be in contact this week. Below are the instructions to facilitate the purchase:

Live In-Person Purchase Transaction:

Locate a Simon center near you from simon.com
Select a date and time most convenient for you.
Call the Mall Office to ensure your appointment can be accommodated, and that the selling center will be open to avoid an unnecessary trip. Phone numbers are listed with the mall addresses.
Make a minimum purchase of $3K, maximum of $25K – higher limits available on-mall.
Notify your Simon Giftcard Business Manager once you have made the transaction to reopen your online account.

HT: Doctor of Credit

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