Incorrect information above. Here is the real deal:
Glossary:
Restaurant.com eGift Cards – Store credit that entitles the holder to redeem the face value of the card for an equivalent face value amount of Restaurant Gift Certificates. These can easily be personalized and emailed as a gift.
Here is their answer on 8-19-14 to the question, "Why should I choose a Restaurant.com e-Gift Card?":
"You’re giving the recipient the gift of choice! Instead of selecting a specific restaurant for your recipient, you can let them choose from among thousands of restaurants nationwide. Also, e-gift cards do not expire and are an easy gift for you to give because you can save up to 50% or more off the face value!
or,
Here is their reply on 8-26-14 to the question: "What does redeem for face value mean?":
When you have an e-gift card to Restaurant.com, it can be redeemed for a Restaurant Certificate of the same value. You are not purchasing a new certificate; you are redeeming a Gift Card for a Restaurant Certificate at the same face value. For example, if you have a $50 Restaurant.com e-Gift Card, you can redeem it for a $50 Restaurant Certificate, two $25 Restaurant Certificates, or five $10 Restaurant Certificates.