Gift cards are a way to not actually put forth the work and effort to look for a specific gift a person might like, a gift card is a way of half assing it. It looks like you put some effort into making a gift personal, without really putting forth any effort to do so.
Sylvia Park yes that’s a large part of it. Also, they are a very popular gift for teenagers that are “hard to shop for” or like to shop for their own clothes.
I always give gift cards to people from businesses I know they shop at like if my friend shops at Starbucks a lot, I'll give them one. I usually give them a gift card because I know they like that place but don't know what they want specifically.
😂🤦♀️🤣🤣 I thought I was the ONLY one who noticed his odd way of speaking... its like you can just picture the fckd up facial movements/expressions made from every word spoken
Cashier: Do you want to buy a gift card? Me: Ah yes i would LOVE to exchange my money. Money that is accepted by all businesses for a card that can only be used in your shop within a limited time period befor it expires. I must tell you I am a complete nob.
Most gift cards don’t have an expiration date. Visa gift cards are typically the only ones these days with an expiration date and they’re usually several years out.
Credit is money you don’t yet have. Gift cards are pre-paid...the exact opposite of credit “The wealth generator” ... probably not an accurate name for someone who doesn’t understand the core principles of finance lmao
KMo I said credit, as in STORE CREDIT, like when you return something you get a card with STORE CREDIT! Gift cards aren’t credit cards they are cards with prepaid STORE CREDIT!!
Yeah true most people do but I just tack it on to another purchase. I save it with the balance receipt in my wallet. If I’m spending $20 in Walmart, i take out the $1.82 card to add to the balance. I’m not leaving any money on the table!
@@genwilson7741, but that's still a win for them. At walmart, it's harder to see it that way, but it is. Try to picture it with something a little less versatile. Someone gives you a gift card for $75 at a picture frame shop. If you find a frame there that you really like for $72, what are you going to do? You can either let the $3 go as pure profit to the store or you can spend more in the store than you intended to, whether that's an upgrade to your current purchase or coming back to buy something else.
It can't expire for 5 years, but usually after 1 year they're start charging a monthly fee to eat away at the balance until it's all gone by 2 years...
@@JohnSpartan2032 its not on cards. Also, it is illegal www.ncsl.org/research/financial-services-and-commerce/gift-cards-and-certificates-statutes-and-legis.aspx. If that happens to you simply call up a lawyer or that business and cite your states law. They'll give your money back and maybe even more.
I work in gift cards industry. Expiry is pretty much a sham anyway. We knew that if a gift card hasn't been spent within the first 6-12 months or so, statistically speaking it is almost certain that the card will expire unused. Having a shorter or longer expiry isn't going to change that, and in fact longer expiry cards or cards that don't expire often have higher breakages, because people don't feel the urgency to actually spend them. Even though it sounds nasty, imposing fees on unused balances actually works to the customer's favour, believe it or not, because it pushes the card recipient to spend those cards instead of sitting on it. The reason we have expiry at all is mainly accounting purposes. Having a set expiry makes it possible close the books and credit the remaining balance as revenue, instead of keeping what is essentially a debt in the books. Accounting for gift cards that doesn't expire is much more complicated, as you have to do maths and probabilities to claim some amount of those unused balances as breakages, without necessarily being able to actually impose an unused balance fees.
People usually tell me it's because they don't know what to give but don't wanna give cash. I never really understood why gifting cash is seen as bad but gifting a giftcard is somehow different and counts as a valid present.
@Richard - .... It allows someone to spoil them selfs. If I get $100 cash I will spend it on bills. If I get Gift card for Nike or restaurant, now I have to get a product I would not have bought. Thats why I like giving gift card to places a person does not normally go so they can splurge. Instead of walmart, target and etc.
@Bri - It is ? Everyone feels different but Lol... I live here and don't mind money gifts. I like showing the person what I spent it on, which usually makes them happy. I only give money as a gift if I know the person will appreciate it more.
Stuff like gift cards are usually impracticable if you are just getting it to spend yourself. One exception I know of where it might not be, is if you don't have a bank account or credit card, and you were trying to convert your cash into something you can spend online or over the phone.
Gift card revenue is not recognized until it’s spent. Therefore, it’s a liability in companies books. In order to provide clean financial statements to investors. The company needs to recognize revenue. Assets-liabilities=$$$ It’s not only for investors but taxes also Deciding when do we pay taxes on the revenue earned. Ex. Bought a gift card 2019 but used it in 2021. Even thought the gift card was purchased in 2019. It’s not recognize as revenue until you use it 2021
many people don't realize gift cards from big retailers, like walmart, costco, etc. can be converted to cash by simply buying an item more than the gift card and pay with credit, debit, etc. and just return the item afterwards, and the whole balance on the receipt is returned onto the payment card as per the receipt.
It's not really a hoax. People like gift cards because they seem more like gifts. Giving cash to someone can be considered inconsiderate or uncreative.
@@jwinthepro why do you think people think of them as better gifts? People have been conditioned into it. I for one would always take real cash over plastic cards :)
Here in Israel there are Israel Post Visa Pre-Paid Gift Cards that if you don’t use within a year it starts charging itself a fee every month until you return it. Like WTF 🤦🏼♂️
I think everyone clicked on this video because of this image which is the one all youtubers use when they say do you want to join my free giftcard giveaway.
Ohio has protected the value of gift cards, they DO NOT devalue over time here. No ‘maintenance’ or ‘inactivity’ fees here I was able to use a card that was more than 10 years old at a restaurant, full value redeemed
CNBC video editor/effects person. I liked the little partnership logo switch back in the top right corner. The unobtrusive partnership ad with Acorns was good.
I agree. I work at Tim Hortons (Canadian version of starbucks) and a lot of the time when I tell customers their card only has 1-2$ left on it, they ask me to throw it away. I'm talking multiple times per shift. Sad I can't keep it.
honestly i used to love those visa giftcards when i was too young to have a debit card. I would save up to buy one so i could buy presents online without my family knowing
I don't understand the Amazon and Starbucks ones going unused. It is super easy to just place it on the account for use the next time you buy something. Other ones where you have to carry this card around and remember to use it.
4 роки тому+17
So now we know to never buy gift cards unless they're from small and locally owned businesses.
That extra money shouldn't be taken from the government imo it should be given to businesses or the buyer can have the option to donate it if they were to have any money left over
I use to watch a lot of dumpster diving videos and I remember one couple grabbed gift cards and checked them the time you have to put into them to see if they have anything I thought was just to much but it really makes me rethink that lol. There was one time when one of them had 50 dollars so I was maybe I'll try it one day 😂
Im going to document this before we all forget... When I was young and gift cards 1st came out, they would only last 30-90 days. There's was so much money that would be forgotten the fed govt forced companies to allow customers a few years before they expire. Just imagine the $3billion a year of unspent giftcards, now imagine of giftcards still expired in 1 month and not 5 years. Crazy business.
Biggest marketing scam ever, convincing people that putting money into a piece of plastic that can only usually be spent in 1 place and eventually will expire is better than using cash that can be spent anywhere and will never expire.
- Companies put their office in Delaware so they don't have to pay taxes. - Delaware government try to get their unspent gift cards. - Companies: * Surprised Pikachu *
I personally hated the A holes who gave me gift cards on my wedding Don’t get me wrong I appreciate the thought but just give me the cash in the envelope
At weddings, I give stuff directly from the registry or cash. The ONLY time I've ever given gift cards at a wedding was when I knew there was an addiction issue.
But, they still gave you money. Even if it’s limited credit, you’re calling someone who gave you money an A hole. They didn’t have to give you anything, they did it because they wanted to give you a gift.
Thank god Chinese culture finds it perfectly appropriate to give red pockets (basically cash) fire birthdays, Chinese New Year, wedding gifts, etc so we don't have to feel obligated to get someone gift cards in order to pretend we gave the gift some thought.
Even though I do not like Starbucks, if I had the Starbucks gift card. I would definitely use it instead of letting it go on waste or I would give it to my friend but ya I wouldn't want to make the retailer richer by letting them claim unredeemed money.
There was no mention in this story regarding the interest that would accrue on the unspent gift card revenue. With billions of dollars in limbo that has got to be one enormous honking chunck of cheddar.
Why should a state get the money based on the incorporation when the majority of the revenue came from other states? Shouldnt it go to a federal government?
americans feel like a gift card looks like they did more work to find a thoughtful present than give cash because now they're choosing the store for you
Just a Friendly reminder to cook your own food & NOT eat out today. Save your coins. Did y’all know it’s impossible to breathe while smiling? Kidding just wanted y’all to smile 😊. If you’re reading this bruv (or bruvette), understand that you are amazing bro, have a blessed week and don’t let nobody ruin your day bro. Stack and act broke. Get ya bread and all the crumbs too 🤧💰💯
i never understood the concept of gift cards - it favor the brand. unless the gift card has a promotion like two $25 card for 40$. then there's something to gain for both parties.
governments taxing unused gift cards is disgusting. states with casinos do that also when a slot machine payout voucher goes unredeemed for a certain length of time
Well,OK gift cards are essentially a prepayment for services and merchandise, but what happens with said services or merchandise when they are left unclaimed property?
We give other people gift cards, because they wouldn’t accept money. It’s essentially the same thing, but by gifting them one of these cards, you limit their decisions and I guess it is more formal than just cash.
When i receive it, it’s annoying because it’s a lazy gift. Not to mention, when I once received $150 gift card from church years back for Mother’s Day from Walmart, my Church friend and I after having a scheduled lunch on the same day decided to go to the Walmart store within 2miles only to realize Scammers had access to my card before it was given to me....smh! IT WAS $0 and was used online, it wasn’t embarrassing because I had money then and always lol and Prior to that I personally don’t give them out because I believe it’s dishonoring
‘Americans love gift cards’. I know who loves them more. Scammers.
dublu dublu dublu
Unscrupulous IRS agents do too.ua-cam.com/video/ZAKI9ylELF8/v-deo.html
Nigerian prince? Where you at
The terms 'American' and 'scammers' are synonymous.
Jaws10214 more like Indians
"Americans love gift cards’. Not as much as the IRS Agent who keeps calling me for Walmart gift cards.
Lmfao that’s a scam my bro
The Mind of Louis Woosh 😂
Yeah and those guys from Microsoft who want to auto-destroy my PC unless I give them Walmart gift cards .
I know someone who was scammed out of $30k from a IRS gift card scam!
Hahahaha
I feel like Starbucks gift cards are the go to teacher gift.
Lol yeah
They like them too
And sophomore white girls
Jack Benson in Canada it’s Tim’s
Ik and funny enough a lot of teachers actually hate them and would want money for something more useful 😂
Do people prefer giving gift cards because it feels more polite and considerable than giving straight up cold hard cash?
Gift cards are a way to not actually put forth the work and effort to look for a specific gift a person might like, a gift card is a way of half assing it. It looks like you put some effort into making a gift personal, without really putting forth any effort to do so.
Sylvia Park yes that’s a large part of it. Also, they are a very popular gift for teenagers that are “hard to shop for” or like to shop for their own clothes.
I give cash to responsible adults and gift cards to kids or people that are battling addiction.
I always give gift cards to people from businesses I know they shop at like if my friend shops at Starbucks a lot, I'll give them one. I usually give them a gift card because I know they like that place but don't know what they want specifically.
i got some of those chinese red packet envelopes just for giving cash
I feel like I’m being punched when the narrator speaks
😂🤦♀️🤣🤣 I thought I was the ONLY one who noticed his odd way of speaking... its like you can just picture the fckd up facial movements/expressions made from every word spoken
ALLxTAE exactly! It was so rough. I couldn’t finish watching.
Thank you I was waiting for someone to point this out
A young Woody Allen.
Play at 1.5x and it doesn't sound so bad
Cashier: Do you want to buy a gift card?
Me: Ah yes i would LOVE to exchange my money. Money that is accepted by all businesses for a card that can only be used in your shop within a limited time period befor it expires.
I must tell you I am a complete nob.
You are telling straight facts. 👍🏻👍🏻
Jimmy Carr had a joke like that
Most gift cards don’t have an expiration date. Visa gift cards are typically the only ones these days with an expiration date and they’re usually several years out.
100% agree with you!
Honestly idk why peeps think it’s bad to give money for someone’s birthday
What kinda gift card does Santa give naughty children?
коlh's
CORNY!!!! But that was HILARIOUS 😂😂😂😂
niiiiiiiice.
Tapisar Singh kolhs = coals
i hate this comment 🤣💀
Lunerai I still don’t understand?
This is why i don’t buy them. It’s just restricted money
Dan Groves ua-cam.com/video/uhjIl86yXsk/v-deo.html
yea, I always prefer to give an actual gift, I'll just ask someone what they would like, I like people to actually want the things I'm buying them.
Louie Horwood i just give people actual cash because then it can be put towards anything not just a specific store
Get a visa gift card
BennettDev or i could not get a gift card and use cash or a credit/debit card which i can use everywhere and the money on it will never expire
Gift cards are genius, companies make billions for selling credit!
And somehow some states think it's their money instead of the company's money. No one is without greed.
There's nothing wrong with that. I think its a genius but also pretty cool.
Credit is money you don’t yet have.
Gift cards are pre-paid...the exact opposite of credit
“The wealth generator” ... probably not an accurate name for someone who doesn’t understand the core principles of finance lmao
KMo I said credit, as in STORE CREDIT, like when you return something you get a card with STORE CREDIT! Gift cards aren’t credit cards they are cards with prepaid STORE CREDIT!!
Interest free too.
I said years ago , Walmart loves those lil cards. If someone has a less than a dollar lotsa folks throw them away. PURE PROFIT
Yeah true most people do but I just tack it on to another purchase. I save it with the balance receipt in my wallet. If I’m spending $20 in Walmart, i take out the $1.82 card to add to the balance. I’m not leaving any money on the table!
@@genwilson7741 Same, I have a McDonalds card with $0.06 on it and have full intent on using it.
Nicole Cullen yes!!! Leave no coin behind!!!
@@genwilson7741, but that's still a win for them. At walmart, it's harder to see it that way, but it is. Try to picture it with something a little less versatile.
Someone gives you a gift card for $75 at a picture frame shop. If you find a frame there that you really like for $72, what are you going to do? You can either let the $3 go as pure profit to the store or you can spend more in the store than you intended to, whether that's an upgrade to your current purchase or coming back to buy something else.
that's why you make it a gift card where they go to anyway, that way it just replaces the cash rather than adding purchases.
Gahhhhh, that narration is like a student driver who keeps mixing up the gas and brake pedal
He sounds to be like the guy from Canadian in a T shirt
Booya Thats very specific
It can't expire for 5 years, but usually after 1 year they're start charging a monthly fee to eat away at the balance until it's all gone by 2 years...
Really???
What do you mean it can’t? There’s no law saying tgat
@@JohnSpartan2032 its not on cards. Also, it is illegal www.ncsl.org/research/financial-services-and-commerce/gift-cards-and-certificates-statutes-and-legis.aspx. If that happens to you simply call up a lawyer or that business and cite your states law. They'll give your money back and maybe even more.
You're so wrong
I work in gift cards industry. Expiry is pretty much a sham anyway. We knew that if a gift card hasn't been spent within the first 6-12 months or so, statistically speaking it is almost certain that the card will expire unused. Having a shorter or longer expiry isn't going to change that, and in fact longer expiry cards or cards that don't expire often have higher breakages, because people don't feel the urgency to actually spend them. Even though it sounds nasty, imposing fees on unused balances actually works to the customer's favour, believe it or not, because it pushes the card recipient to spend those cards instead of sitting on it.
The reason we have expiry at all is mainly accounting purposes. Having a set expiry makes it possible close the books and credit the remaining balance as revenue, instead of keeping what is essentially a debt in the books. Accounting for gift cards that doesn't expire is much more complicated, as you have to do maths and probabilities to claim some amount of those unused balances as breakages, without necessarily being able to actually impose an unused balance fees.
Nobody:
UA-cam recommendations:
Do you want see what happens to the gift cards that are unspent?
How original
MY NAME IS GYOUBO MASATAKA ONIWA lmao
I'm part of the unused Starbucks gift card club. I try to pass them on to other people, but during quarantine they're sitting in a pile in a drawer.
Along with the itunes cards 😂
I don't mind if I can get a gift card from you. Thanks in advance
hay why hey ill give you a gift card
i too would be grateful if i could get one of those
Ight u can give them to me 😂
I would prefer to give cash and receive cash it is cheaper to give and get.
My relatives give me money because they don't know what I want and it's so much better than gift cards, which is just money with extra steps.
CASH:. The Universal Gift Card.
People usually tell me it's because they don't know what to give but don't wanna give cash. I never really understood why gifting cash is seen as bad but gifting a giftcard is somehow different and counts as a valid present.
@@reistje It's about the "sentiment" lol. We humans are debilitatingly irrational.
@Richard - .... It allows someone to spoil them selfs. If I get $100 cash I will spend it on bills. If I get Gift card for Nike or restaurant, now I have to get a product I would not have bought. Thats why I like giving gift card to places a person does not normally go so they can splurge. Instead of walmart, target and etc.
I spend every PENNY that is on the gift card.
Best believe me im spending every penny
Probably more than the original amount. Exactly what the company wants.
I never see any purpose in them. Why spend $20 on a 20 gift card than just using $20?
Right, and waste plastic. They just get throw away. I wish they made them in paper at least.
Sometimes you can get a small discount on buying the cards. 5 to 10% is a nice sale on a large project.
@@boricuamom87 easier to forge so they wont do it
@Bri - It is ? Everyone feels different but Lol... I live here and don't mind money gifts. I like showing the person what I spent it on, which usually makes them happy.
I only give money as a gift if I know the person will appreciate it more.
@@boricuamom87 what do you expect?
America even sells orange in plastic box.
Why i ask as orange doesn't have cover on it.
Seriously in middle of pandemic you are worried about gift cards
That’s so AMERICAN 😂
Bro I got $50 in movie gift cards from Christmas I don’t want it going to waste 🥴
It's a great distraction from all the depressing stuff the world is dealing with. Police brutality, racism and death from the pandemic.
The money for the customer expires, while the profit still reaches the corporations. There is a reason why cash exists.
they don't care since they already got your money....
Answer: they turn to Raid Shadow Legends gift cards...
True.
Oh boy I can’t wait to spend money to get less money with a expiration date that I can only spend at curtain places
Stuff like gift cards are usually impracticable if you are just getting it to spend yourself.
One exception I know of where it might not be, is if you don't have a bank account or credit card, and you were trying to convert your cash into something you can spend online or over the phone.
I’d always take a visa gift card or cash over a store specific one.
Gift card revenue is not recognized until it’s spent. Therefore, it’s a liability in companies books.
In order to provide clean financial statements to investors. The company needs to recognize revenue. Assets-liabilities=$$$
It’s not only for investors but taxes also
Deciding when do we pay taxes on the revenue earned. Ex. Bought a gift card 2019 but used it in 2021.
Even thought the gift card was purchased in 2019. It’s not recognize as revenue until you use it 2021
I buy unwanted gift cards from those sites all the time. Great way to save money.
May I ask what sites do you use?
I want to know what website you use to buy unused gift cards too!
@@keyanaclark526 Check out Gift Card Wiki. Just search the store and you'll see which site is offering the best discount.
John Yong - Explain more how so please?
Why on earth would you BUY unused GIFT CARDS. It's a scam. It's not like your getting it for free. Nothing is free.
Life hack: I gave my friend a 50 dollar gift card that works anywhere.
IT'S CALLED A FIFTY DOLLAR BILL.
In Asia we look at them and immediately think, thats a rip off.
many people don't realize gift cards from big retailers, like walmart, costco, etc. can be converted to cash by simply buying an item more than the gift card and pay with credit, debit, etc. and just return the item afterwards, and the whole balance on the receipt is returned onto the payment card as per the receipt.
This why scammers love gift cards because they are scams just like them
How are they "scams"?
Scammers like them because as the video said, gift cards are untraceable.
Louie Horwood facts
Nobody should let this man narrate anything ever again
Gift cards are just money that's worth less than money and that expires. It's a hoax
It's not really a hoax. People like gift cards because they seem more like gifts. Giving cash to someone can be considered inconsiderate or uncreative.
Gift cards are a nice way to get scammed, or do money laundering.
@@jwinthepro why do you think people think of them as better gifts? People have been conditioned into it. I for one would always take real cash over plastic cards :)
@@Karrppu Oh I agree 100%. Everyone interpreted my generalized statement as my opinion. I like cash!
Here in Israel there are Israel Post Visa Pre-Paid Gift Cards that if you don’t use within a year it starts charging itself a fee every month until you return it. Like WTF 🤦🏼♂️
I think everyone clicked on this video because of this image which is the one all youtubers use when they say do you want to join my free giftcard giveaway.
Ohio has protected the value of gift cards, they DO NOT devalue over time here.
No ‘maintenance’ or ‘inactivity’ fees here
I was able to use a card that was more than 10 years old at a restaurant, full value redeemed
At this point somebody out there has definitely already written a PhD thesis on the psychology of wanting to be first in the comments.
CNBC video editor/effects person. I liked the little partnership logo switch back in the top right corner. The unobtrusive partnership ad with Acorns was good.
I agree. I work at Tim Hortons (Canadian version of starbucks) and a lot of the time when I tell customers their card only has 1-2$ left on it, they ask me to throw it away. I'm talking multiple times per shift. Sad I can't keep it.
I’ve heard the words “gift cards” so many times it’s lost all meaning
For me, 'member card' is more suitable. I thought gift card is to send on birthday,... at first
I WENT STRAIGHT TO THE COMMENT AND SO DID YOU 😂
How is it Delaware’s fault that companies like to incorporate their. Taxes are lower in Delaware so if you want more businesses lower your taxes
Gift cards only exist because for some reason it’s not socially acceptable to give cash as a gift anymore.
No one goes “You jerk! Why did you give me free money instead of a gift card!”
The narrator's voice is very distracting... It's like getting punched every time he says "and".
honestly i used to love those visa giftcards when i was too young to have a debit card. I would save up to buy one so i could buy presents online without my family knowing
They : "you have earned 20% off gift card voucher".
Your inner voice : "I have not earned that gift card. You made a purchase for me."
I’m proud of you CNBC. This is useful information. Good job; keep it up.
Most people buy gift cards because it seems more personal than cash.
"I know what stores you like, but I don't know exactly what you'd wear"
I feel like what left on giftcard after 2 years should be added up and go to help for homeless or school or both
I don't understand the Amazon and Starbucks ones going unused. It is super easy to just place it on the account for use the next time you buy something. Other ones where you have to carry this card around and remember to use it.
So now we know to never buy gift cards unless they're from small and locally owned businesses.
Why? Gift cards serve a purpose. They make great gifts for irresponsible little twerps that have no business handling money.
That extra money shouldn't be taken from the government imo it should be given to businesses or the buyer can have the option to donate it if they were to have any money left over
Think of all the unused postage stamps being held by stamp collectors.
Money spent for a service which the Post Office will never have to perform.
Same with collector coins.
Narrator bro, chill. You don't need to punch every person you see in sight.
I use to watch a lot of dumpster diving videos and I remember one couple grabbed gift cards and checked them the time you have to put into them to see if they have anything I thought was just to much but it really makes me rethink that lol. There was one time when one of them had 50 dollars so I was maybe I'll try it one day 😂
Im going to document this before we all forget...
When I was young and gift cards 1st came out, they would only last 30-90 days. There's was so much money that would be forgotten the fed govt forced companies to allow customers a few years before they expire.
Just imagine the $3billion a year of unspent giftcards, now imagine of giftcards still expired in 1 month and not 5 years. Crazy business.
I lost a $100 fry’s giftcard 😢 a long time ago
sidharth chand ua-cam.com/video/uhjIl86yXsk/v-deo.html
Biggest marketing scam ever, convincing people that putting money into a piece of plastic that can only usually be spent in 1 place and eventually will expire is better than using cash that can be spent anywhere and will never expire.
If you are a thrifty person, you can sell me your gift card, so you don't have to spend the money by force.🎉
Why does he sound like he's spitting
Angela C ua-cam.com/video/uhjIl86yXsk/v-deo.html
You exchange money that is accepted everywhere without an expiry date for a plastic card that only works in one chain for a limited amount of time...
The ultimate giftcard: Money.
- Companies put their office in Delaware so they don't have to pay taxes.
- Delaware government try to get their unspent gift cards.
- Companies: * Surprised Pikachu *
My family buys gift cards if we want to buy things online.
I understand amazon or Starbucks being so popular but the hell be spending a lot of money at Home Depot 😂
I personally hated the A holes who gave me gift cards on my wedding
Don’t get me wrong I appreciate the thought but just give me the cash in the envelope
At weddings, I give stuff directly from the registry or cash. The ONLY time I've ever given gift cards at a wedding was when I knew there was an addiction issue.
@@---cr8nw addiction like?
@@aizfaizie919, I knew the groom had a coke habit. I wasn't about to give him cash.
But, they still gave you money. Even if it’s limited credit, you’re calling someone who gave you money an A hole. They didn’t have to give you anything, they did it because they wanted to give you a gift.
Thank god Chinese culture finds it perfectly appropriate to give red pockets (basically cash) fire birthdays, Chinese New Year, wedding gifts, etc so we don't have to feel obligated to get someone gift cards in order to pretend we gave the gift some thought.
Meanwhile in India...
You guys have gift cards?
In Norway, many places take a fee to buy gift cards, so people give cash instead
Even though I do not like Starbucks, if I had the Starbucks gift card. I would definitely use it instead of letting it go on waste or I would give it to my friend but ya I wouldn't want to make the retailer richer by letting them claim unredeemed money.
There was no mention in this story regarding the interest that would accrue on the unspent gift card revenue. With billions of dollars in limbo that has got to be one enormous honking chunck of cheddar.
You know what could have used some breakage? The length of this video.
Why should a state get the money based on the incorporation when the majority of the revenue came from other states? Shouldnt it go to a federal government?
Hmm I better spend my gift cards
5 years since purchase? Do gift card not expire after a year or two in the US? In my case, 'unspend' is more like 'expired'
About 2 years ago I found a gift card on the floor (Nike) and it I decided to check the balance, it had $98 in it
😮
americans feel like a gift card looks like they did more work to find a thoughtful present than give cash because now they're choosing the store for you
I thought they ended up with the sox that get lost in the dryer.
25% of the comments: IrS sCaMmErS
50% of the comments: NaRrAtOr
25% of the comments: CaSh Is BeTtEr
I put them in my wallet if I keep forgetting to use it
Me too but I still end up not using it
Why can't you just cash out money so they can buy whatever they want, so you don't have to worry about that extra few cents in that card.
Stop giving each other gift cards, people! It literally is the dumbest thing to do.
Lol then find me something at Starbucks that costs a dollar so I can finish my cards
So, who think to buy gift card for graduation gift 🎁
Just a Friendly reminder to cook your own food & NOT eat out today. Save your coins. Did y’all know it’s impossible to breathe while smiling?
Kidding just wanted y’all to smile 😊. If you’re reading this bruv (or bruvette), understand that you are amazing bro, have a blessed week and don’t let nobody ruin your day bro. Stack and act broke. Get ya bread and all the crumbs too 🤧💰💯
I have a yeast infection which is really weird because I’m a man
This dudes voice bothers me so much
Me too. Definitely not a professional VO artist.
It's just a voice. I think you might find it attractive perhaps, closethed man. Either way, there's no need to go after the man's livelihood.
i never understood the concept of gift cards - it favor the brand. unless the gift card has a promotion like two $25 card for 40$. then there's something to gain for both parties.
hello, i had pancakes for breakfast today :) very nice video also!!
Stfu and watch the.video
For some reason people think that a gift card is a better present than the same amount in cash.
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But you don't care do you
No one:
CNBC: what happens to unspent gift cards?
Well if you redeem a amazon gift card to your account it can’t go “unused”
governments taxing unused gift cards is disgusting. states with casinos do that also when a slot machine payout voucher goes unredeemed for a certain length of time
Narrator has sloshy Rs and weird punchy rhythm
If only all those unspent gift cards just magically appeared. Damn $3 billion worth
I never had a gift card, and I’m not fool to spend my money in a coffee shop, I would rather make my own for way less. Companies love spending culture
I OFFER YOU THIS even still, I would rather spend my money more wisely even in gift cards!
Well,OK gift cards are essentially a prepayment for services and merchandise, but what happens with said services or merchandise when they are left unclaimed property?
Why does the narrator speak so weirdly ?
Anybody else noticed ?
Based on this information it would be reasonable for gift cards to be set at 2% less than the ticket price.
The narrator sounds like he has ADHD
We give other people gift cards, because they wouldn’t accept money.
It’s essentially the same thing, but by gifting them one of these cards, you limit their decisions and I guess it is more formal than just cash.
His accent is annoying and goofy sounding.
When i receive it, it’s annoying because it’s a lazy gift. Not to mention, when I once received $150 gift card from church years back for Mother’s Day from Walmart, my Church friend and I after having a scheduled lunch on the same day decided to go to the Walmart store within 2miles only to realize Scammers had access to my card before it was given to me....smh! IT WAS $0 and was used online, it wasn’t embarrassing because I had money then and always lol and Prior to that I personally don’t give them out because I believe it’s dishonoring