09-18-2024, 03:08 AM
(09-17-2024, 04:39 PM)ijmorlan Wrote: Shouldn’t even be allowed. I don’t think that’s allowed for gift certificates any more.
I’m not sure how this should be handled in the long term; at some point cards are probably lost and definitely not going to be redeemed. But 2 years is not long enough.
A quick search says my PASMO card from Japan expires after 10 years. Much more reasonable time frame if you ask me. I might reasonably hit 2 years on my EasyGo card (I'm definitely over a year right now), but I still keep it on me and expect it to work when I need it, like if I get a flat tire on my bike.
(09-17-2024, 08:03 PM)tomh009 Wrote: Alas, this is the case for a lot of stored-value/gift cards. Partly it's free revenue for the companies, partly it's that the finance people don't like this "overhang" of what are effectively ever-growing customer deposits. (And, yes, ever-growing, because a percentage of cards always ends up being lost.)
I expect private corporations to claim every cent that the law allows them to. I expect better from a public service.
Also, depending on the type of stored value and business in question, I was under the impression they like to invest the deposits they hold just like a bank would.