http://blog.lendingclub.com/2008/05/29/electronic-gift-certificates/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2008/05/29/electronic-gift-certificates/#comment-846 Steve Zema Mon, 19 Oct 2009 13:13:47 +0000 http://blog.lendingclub.com/?p=730#comment-846 Electronic Gift Cards are a trend retailers want to promote. This is an opportunity for them, thanks to the saving in logistics, to provide more value to consumers, especially in the 2009 economy. Electronic Gift Cards are a trend retailers want to promote. This
is an opportunity for them, thanks to the saving in logistics, to
provide more value to consumers, especially in the 2009 economy.

]]> http://blog.lendingclub.com/2008/05/29/electronic-gift-certificates/#comment-845 Austin Chu Thu, 29 May 2008 19:52:50 +0000 http://blog.lendingclub.com/?p=730#comment-845 Great post buddy. I work for a company that manages and tracks gift cards, and I blog about gift card related issues on <a href= "http://www.savvywallet.com/dontfollow">savvywallet.com</a>. I totally agree with you. Look at it this way. Consumers spent $100B on gift cards last year and around $8B was lost/unclaimed. The thing of it is, retailers want people to come back and spend more money. It's the name of the game, and it's how they make money, and it's why they <strong>love</strong> gift cards. Rarely does it equal out to exactly the amount. What's worse is having .45 cents on a gift card, and not knowing what to do with it. It's money, but it's not money we can use. There needs to be a policy on every card that if the balance is less than 10 bucks, you're able to cash it out. Great post buddy. I work for a company that manages and tracks gift
cards, and I blog about gift card related issues on "http://www.savvywallet.com" rel="nofollow">savvywallet.com. I
totally agree with you. Look at it this way. Consumers spent $100B
on gift cards last year and around $8B was lost/unclaimed. The
thing of it is, retailers want people to come back and spend more
money. It's the name of the game, and it's how they make money, and
it's why they love gift cards. Rarely does it
equal out to exactly the amount. What's worse is having .45 cents
on a gift card, and not knowing what to do with it. It's money, but
it's not money we can use. There needs to be a policy on every card
that if the balance is less than 10 bucks, you're able to cash it
out.

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