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One thing that people are recommending is to offer prepaid packages that customers can use once things normalize. You provide a slight discount, the people wit
by joncrane 7y ago
One thing that people are recommending is to offer prepaid packages that customers can use once things normalize. You provide a slight discount, the people with steady jobs transfer some liquidity to you, and you just have to give a bunch of free service in the coming months.
It's like a micro version of what the Fed is doing with banks.
- sokoloff 7y agoAs a consumer, you should only buy gift certs and prepaids to the extent you could lose the money and be ok with it. If this gets a lot worse, you’ve pre-bought a bunch of meals out, you lost some/all of your income, you might not want the expensive meals over the cash, and you even less want those to be an IOU from a bankrupt place. As a shop owner, it’s indeed quite cheap loans.