2 ms·
They need better clairty on it for sure, ideally with a clear warning on deposit. But apparently a non-expiring credit is a considered an accounting problem sin
by kingstnap 2mo ago
They need better clairty on it for sure, ideally with a clear warning on deposit. But apparently a non-expiring credit is a considered an accounting problem since you have income (deposit) associated with a contract liability (credits) that could end up making a headache if it splays across a bunch of fiscal years.
You can setup limits though to minimize loss. For example you can say auto reload $5 when your account hits $5 with an absolute monthly limit of $40. Then you don't have risk of losing more than the roughly ~$5 you have in an account.
- mrtksn 2mo agohow convenient that they are solving their accounting problems with taking away your money instead of doing a refund.
- kingstnap 2mo agoI mean it could be problematic if taxes and the credit card fees are involved right. It would be interesting to see something like: $100 credits and $13 in taxes refunded as $97 in refund after merchent fee + $12.61 as reversed taxes. It's objectively better than nothing for sure. But the thing about this is such complicated nuanced solutions tend to get not done.
- wat10000 2mo agoMany US states don’t allow gift cards to expire. Companies still sell gift cards there. It may be an accounting problem but clearly it can be dealt with. Of course they’d rather steal your money than deal with it.