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Old 06-06-2015, 02:08 PM   #32529 (permalink)
Engine
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Join Date: Jun 2009
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Originally Posted by fiddler View Post
No. Here's why: the gift cards have no set amount to them, they're the ones you have to load when you buy them. They were shipped a batch which had already been pre-loaded & activated, but the store did not purchase the cards with the $100 on them, they were purchased at cost for whatever cost would be on the cards (significantly less). So the store reported this to the company who provides the cards, who told the store that they couldn't be inactivated and so the company who made the cards is out the money, not the store. The company who made the cards told the store to destroy them in "any appropriate manner". So the store choose to donate them.
Okay, thanks. That explains some of it but I'm having a really hard time wrapping my mind around the economics of the whole transaction. Either way it sounds like the gift card industry is one that I want to get involved in - it must be easy money if they can just write off that much.
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