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They're essentially a scheme to collect cash in advance and reap unspent cards, right? I don't know why anyone ever thought they made more sense than cash.
by steve_adams_86 11mo ago
They're essentially a scheme to collect cash in advance and reap unspent cards, right? I don't know why anyone ever thought they made more sense than cash.
- koolba 11mo agoBecause people are generally weak minded and have been brainwashed into thinking that it’s tacky to give cash.
- rk06 11mo agobecause you can gift them to others and ensure that they use it. same for amazon gift cards
- alexdw_mgzi 11mo agoThe "ensure they use it" is the part that is uncertain, and thus the 'scam' aspect. Amazon (and other vendors) are betting that a significant percentage of end users will not actually use it, and the seller will get to keep the entire balance as profit.
- steve_adams_86 11mo agoAccording to some not-very-thorough queries, somewhere from 10–19% of gift cards are never redeemed in the USA, which equates to tens of billions of dollars. Unreal. If even half of that is true, that's a tremendous amount of charity to corporations.