Is Gifttowallet.com Legit or a Scam?
Author: Adam Collins
Gift cards have become a popular way to shop or give, and platforms like Gifttowallet.com aim to make managing them easier. According to the website, it offers a "complete gift card solution" that helps retailers and shopping centers sell and manage their gift cards using modern technology.
While this sounds like a convenient service, some potential users are questioning its legitimacy on ScamAdviser which compelled us to do an in-depth review. Is gifttowallet.com the real deal, or could it be another risky online platform? Join me as I uncover all there is to know about Gifttowallet.com.
Who Owns Gifttowallet.com?
Gifttowallet.com is the brainchild of Leikbreytir, a Reykjavik-based tech company with an interesting backstory. Founded in 2019, Leikbreytir started off working on artificial intelligence and software development. However, their journey took a surprising twist when they were approached by S4S, a major retailer, to create an electronic gift card system.
In an interview with Iceland’s Morgunblaðið (The Morning Paper), CEO Yngvi Tómasson recalled how this project became a turning point. What started as a single solution quickly snowballed as more retailers came knocking, eager for a similar system. From this demand, Gift to Wallet was born—a platform that streamlines the process of issuing and managing digital gift cards and credit notes.
Since then, the numbers have been impressive: over 530,000 gift cards issued, carrying a total initial credit of 8.5 billion ISK (60.5 million USD). Yngvi proudly stated that this is just the beginning, as the company continues to expand. With its active presence on social media and ambitious growth plans, Leikbreytir appears to be making waves. But as always, it’s smart to dig deeper into user reviews before fully jumping on board.
When Was Gifttowallet.com Registered?
According to Whois Lookup, gifttowallet.com was registered in January 2020. While this is slightly later than Leikbreytir's founding in 2019, it aligns with the timeline shared by CEO Yngvi Tómasson.
He noted that the company initially focused on AI and software development before pivoting to create Gift to Wallet after being approached by retailers for digital gift card solutions.
The January 2020 registration date suggests that the platform was launched shortly after the company’s successful project for S4S, marking the beginning of its journey in the gift card industry.
Social Media Checks Out
A quick look at the social media links on gifttowallet.com takes you to the official page of its parent company, Leikbreytir. The page, created on March 19, 2020, provides updates about the company’s projects, including mentions of Gift to Wallet. This timeline fits well with the platform's registration in January 2020, adding to the credibility of their claims.
Another interesting detail is that the social media page is managed by admins based in Iceland, further confirming the company’s Icelandic roots. While an active and transparent social media presence is a positive sign, it’s still important to do your due diligence.
Bottom Line: Is Gifttowallet.com a Scam?
After reviewing gifttowallet.com, we found no clear evidence to suggest it is a scam. The platform is backed by Leikbreytir, an established company in Iceland, with a history of developing gift card solutions for major retailers. The website’s registration date in January 2020 aligns with the company’s timeline, and its active social media presence adds a layer of transparency.
While the platform appears legitimate, it’s always wise to exercise caution. Before using gifttowallet.com, make sure to check customer reviews and ensure their services meet your needs. So far, it seems to be a trustworthy solution for managing digital gift cards.
This article has been written by a scam fighter volunteer. If you believe the article above contains inaccuracies or needs to include relevant information, please contact ScamAdviser.com using this form.
Report a Scam!
Have you fallen for a hoax, bought a fake product? Report the site and warn others!
Scam Categories
Help & Info
Popular Stories
As the influence of the internet rises, so does the prevalence of online scams. There are fraudsters making all kinds of claims to trap victims online - from fake investment opportunities to online stores - and the internet allows them to operate from any part of the world with anonymity. The ability to spot online scams is an important skill to have as the virtual world is increasingly becoming a part of every facet of our lives. The below tips will help you identify the signs which can indicate that a website could be a scam. Common Sense: Too Good To Be True When looking for goods online, a great deal can be very enticing. A Gucci bag or a new iPhone for half the price? Who wouldn’t want to grab such a deal? Scammers know this too and try to take advantage of the fact. If an online deal looks too good to be true, think twice and double-check things. The easiest way to do this is to simply check out the same product at competing websites (that you trust). If the difference in prices is huge, it might be better to double-check the rest of the website. Check Out the Social Media Links Social media is a core part of ecommerce businesses these days and consumers often expect online shops to have a social media presence. Scammers know this and often insert logos of social media sites on their websites. Scratching beneath the surface often reveals this fu
So the worst has come to pass - you realise you parted with your money too fast, and the site you used was a scam - what now? Well first of all, don’t despair!! If you think you have been scammed, the first port of call when having an issue is to simply ask for a refund. This is the first and easiest step to determine whether you are dealing with a genuine company or scammers. Sadly, getting your money back from a scammer is not as simple as just asking. If you are indeed dealing with scammers, the procedure (and chance) of getting your money back varies depending on the payment method you used. PayPal Debit card/Credit card Bank transfer Wire transfer Google Pay Bitcoin PayPal If you used PayPal, you have a strong chance of getting your money back if you were scammed. On their website, you can file a dispute within 180 calendar days of your purchase. Conditions to file a dispute: The simplest situation is that you ordered from an online store and it has not arrived. In this case this is what PayPal states: "If your order never shows up and the seller can't provide proof of shipment or delivery, you'll get a full refund. It's that simple." The scammer has sent you a completely different item. For example, you ordered a PlayStation 4, but instead received only a Playstation controller. The condition of the item was misrepresented on the product page. This could be the