Here in the US, most of us refer to a 'Gift Card' as being a physical card that you hold in your hand. Doesn't matter if it was purchased online, via mail, at the bank, or at a retailer.
We refer to a 'VCC' (virtual credit card) as an account that does not have a physical card. The info is transmitted electronically to the purchaser of the VCC.
Gift Cards can be used at the checkout at brick and mortar locations and for telephone/internet purchases.
VCC can not be used at retail locations because there is no physical card to swipe. They can only be used for internet/telephone purchases.
Gift Cards are much more versatile.
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