Valorant Points are the paid store currency
Valorant Points, shown as VP, are the premium currency in Valorant. Riot's store guide says featured items in the in-game Store are bought with VP, and that players buy VP with a real-world payment method.
The same guide says agents and agent gear can be unlocked with VP, Kingdom Credits or agent unlock tokens, while the accessories store takes Kingdom Credits only.
Guide to the VALORANT Store - VALORANT Support
Cash codes and content codes are different
Riot's support page separates two kinds of code. A cash code, which is what a prepaid or gift card carries, adds VP to the balance. A content code unlocks one specific item, such as a gun buddy or spray, and is often handed out in promotions.
Riot's Valorant news page explains that Riot Games prepaid cards can be redeemed for several Riot games, Valorant included, and that VP can also be bought inside the game.
Prepaid Cards, Cash Codes, & Content Codes - Riot Games Support Where can I get VALORANT Points? - VALORANT news
One code, one game, one region
According to Riot's support page, a cash code is used once and its full amount goes to a single game on a single account; it cannot be split. Cash codes work only in the region where they were bought and do not expire.
Before buying, confirm the region of the Riot account that will receive the VP. A card issued for another region will return a message saying the code is not valid in your region.
Prepaid Cards, Cash Codes, & Content Codes - Riot Games Support
Where to enter the code
In the Valorant client, Riot says to click the Valorant icon next to the VP balance in the upper right, choose Prepaid Cards and Codes, type the code exactly as printed, tick the consent box where shown, and submit.
Riot also offers a code redemption page on the web, where the player signs in, picks the game and confirms a summary. The support page notes that cash codes are meant for PC versions of games and points console players to the web page.
Prepaid Cards, Cash Codes, & Content Codes - Riot Games Support
What to do when a code fails
Riot lists the common messages. An invalid code usually means a typo, so re-enter it without spaces. A code that is not activated has to go back to the store that sold it. An already redeemed code should be checked against your account. After too many attempts, wait 24 hours.
Keep the card and the receipt until the VP shows up, because Riot asks for both, plus your Riot ID and account email, in a support ticket. The PinGifts value label describes the researched card, not a cash balance or stock confirmation.
Prepaid Cards, Cash Codes, & Content Codes - Riot Games Support
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