How will I receive a refund if I return a gift?

How will I receive a refund if I return a gift?

If you return the item to a Target store with a gift receipt, you will receive a refund in the form of a Target GiftCard. If you make a return on Target.com for a gift you received, you will receive the refund as a Target eGiftCard.
 
Please note, a return using a gift receipt can’t be processed the same day the gift was purchased. You’ll need to wait until the next day to return the gift. Only the original receipt can be used to return the gift the same day it was purchased.
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