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maryam@impact
[email protected]
2/28/2018 | 11:02:48 PM
Re: Pricing clarity
Joe its especially popular with those Visa type gift cards use them or lose value every month! Be careful if you don't use it all in one transaction!
Joe Stanganelli
Joe Stanganelli
2/28/2018 | 10:01:21 PM
Re: Pricing clarity
@Ariella: Funny how that stuff collects and piles up.

At a charity auction many, many years ago, I won a prize that included a gift certificate for a particular restaurant. There was no expiration date.

I wonder if it's still kicking around somewhere. (Frankly, though, I have no interest in the restaurant.)
Joe Stanganelli
Joe Stanganelli
2/28/2018 | 9:59:11 PM
Re: Pricing clarity
@Michelle: I hadn't even heard of that! Ugh.

I've got a gift card sitting around that I haven't touched yet. I should probably get on that.
Joe Stanganelli
Joe Stanganelli
2/28/2018 | 9:58:13 PM
Re: Pricing clarity
@Maryam: Indeed, that's why a lot of companies allow debits like that to go the state as a matter of unclaimed property rather than chase someone down to accept it. Easier, compliance-wise, in a way.
maryam@impact
[email protected]
2/28/2018 | 4:02:54 PM
Re: Pricing clarity
It may sound better than it is retailers still have to account for those unused Giftcards on their books as a liability. I recently had a gift card that a was a merchandise credit that I hadn't used in a long time the retailer called an asked if I lost the card and needed a new one. I got a new one and will use it but their accounting company was definitely on it.
Susan Fourtané
Susan Fourtané
2/28/2018 | 4:10:12 AM
Re: Pricing clarity
It’s the gift card culture. You find it everywhere and of course companies get more than what they give out of them. Otherwise, they won’t do it. There is not such a thing as “gift” or “free.” Everything comes with a price.
Ariella
Ariella
2/27/2018 | 8:04:15 PM
Re: Pricing clarity
@Michelle yes, you can lose 10% or more of the value as time goes on with those. It's because of things like that plus the fact that not everyone favors the same stores that I don't like to offer giftcards. It's better to just give money outright because it has no restrictions.
Michelle
Michelle
2/27/2018 | 7:56:16 PM
Re: Pricing clarity
There are some that take back your balance as a "service fee" for inactivity. Those are the worst gift cards!
kq4ym
kq4ym
2/27/2018 | 11:47:48 AM
Re: Pricing clarity
Yes, I have several cards that have not been used at call or rarely. Buying credits or gift cards seems convenient, but as the retailers have seen, they are definintely a profit center gambling that the card buyers won't fully use those credits.
Ariella
Ariella
2/26/2018 | 1:12:25 PM
Re: Pricing clarity
@kq4ym On top of that, a number of gift cards are never cashed in at all. I know we've received some that we could never use. Then there are the cards purchased from stores that go out of business, so those cards are then worhtless. 
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