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> “…stealing unspent customer funds after one year.” There’s our common ground! The common sense question: why is 1 year legal when there is a federal law sayi
by xtiansimon 2mo ago
> “…stealing unspent customer funds after one year.”
There’s our common ground! The common sense question: why is 1 year legal when there is a federal law saying it’s must be 5 years?
- OutOfHere 2mo agoThe funds must ideally last forever for the life of the firm. I wouldn't even buy a gift card if it going to expire in five years. Amazon is another prominent example. It gift card in the US never expires and has no fee. It's a good place for stashing funds. Do you think Amazon doesn't have accountants? For logical reasons I have noted before, there is no unmanageable risk to any sizable firm with it.