Quote:
Originally Posted by invader166
Of course they gain interest on that money! Haven't you noticed that, in many places payments are always instant while refunds tend to take 3-5 business days, or sometimes even longer?
What are you talking about? Money is money! Whether you spend it today or tomorrow, you'll still eventually have negative X amount.
What I'm seeing from all this, is that they're giving preferential treatment to the customers that don't pay using gift-cards. How is this fair? Is my $20 gift card worth less than someone who's paying with an actual $20 bill?
No! What they gain is a returning customer! That's the whole point of the points program. Reward frequent shoppers! Give them a reason to return to the store.
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Processing returns has nothing to do with "gaining interest". It's more about verifying and getting the authorization to return the funds back.
"Money is money" that only works for people like you and I. For corporations, increasing certain figures is what matters. Revenue brought in by gift cards is probably on a lower priority than other payments, like cash and credit cards. A good example of this is how financial reports are generated. Most banks place a great deal of importance on new money or money coming in from different banks. Why? This indicator means they are taking customers away from the competition. Same can apply here; buying an autozone gift card is basically old money. That card and its revenue has already been put into autozone when you bought the card. I'll stop here with this since it's getting no where lol
You're gaining the rewards at the gas station, why should it double up at autozone?