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There are multiple filings from publicly traded companies that show the wild benefits to corporations that issue gift cards. They essentially boil down to: - R
by kkielhofner 3y ago
There are multiple filings from publicly traded companies that show the wild benefits to corporations that issue gift cards. They essentially boil down to:
- Revenue on the books now, almost pure profit until redeemed.
- A substantial portion of them never get redeemed at all, and almost none get redeemed to their full “value”.
Gift cards are a money printing machine for entities that issue them. Short of consumers shunning them completely they’re not going away.
- bluefirebrand 3y agoThe cultural taboo against just gifting cash directly but somehow gift cards got a pass is just insane honestly.