Gift vouchers

[brightncheerful]

During the lockdown I've become an essential worker: taken up nursing my clients' property portfolios.

Amongst the excuses for not wanting to pay the rent is a tenant whose business has genuinely been hit hard, doubly so because just before the reopening of one of the more profitable services the government put a stop to it.

My client has done its best to be sympathetic but there is a limit to the number of words to politely refuse a rent reduction. Apparently, the tenant's cash-flow is dire because for payment customers are using gift vouchers when spending, to ensure the money's worth in case the business goes bust.

As I understand, a gift voucher is a device enabling businesses to receive payment in advance for products and services that the buyer or recipient of the voucher might want at some future date. Payment in advance is only useful for cash-flow if the cash-flow is ongoing. if the cash flow dries up or is very close to it then when the time comes that the voucher is used it can't be much fun for the business to be reminded the advantage of the pre-payment was spent long ago.

I should think there are numerous businesses that have sold gift vouchers but whose finances are on the brink. In which case if you have any gift vouchers and or know people that do then it might be worth exchanging them asap for product or service lest they too become worthless when the business fails.

[GrahamPlatt]

.....

[AleisterCrowley]

.... ??
TLDR???

[swill453]

My client has done its best to be sympathetic but there is a limit to the number of words to politely refuse a rent reduction. Apparently, the tenant's cash-flow is dire because for payment customers are using gift vouchers when spending, to ensure the money's worth in case the business goes bust.

If a customer possesses a gift voucher for goods or services they are about to purchase, I can't think of any circumstances where it would be in the customer's interest to use cash instead and hold onto the voucher.

Scott.

[AleisterCrowley]

I don't like physical gift vouchers - they often have quite limited validity (2 years)
I wonder what percentage get forgotten about, effectively giving free money to the issuer?

[AF62]

I don't like physical gift vouchers - they often have quite limited validity (2 years)

An amusing exception is CEX - although their vouchers do have an validity period it is 1,000 years, plus a week, from issue.

[UncleEbenezer]

I don't like physical gift vouchers - they often have quite limited validity (2 years)

An amusing exception is CEX - although their vouchers do have an validity period it is 1,000 years, plus a week, from issue.

What's a CEX? How about explaining when you use an unfamiliar abbreviation/acronym?

[bungeejumper]

What's a CEX? How about explaining when you use an unfamiliar abbreviation/acronym?

Second hand electronic goods mart. Like its homonym, it says it'll be faithful to you for ever and a day, but after five years I wouldn't bet on it. Ten years, and you'll probably have switched your affections, and after forty years you'll have started to forget where it is. The voucher, that is.

BJ

[AleisterCrowley]

It was Computer EXchange, now mangled to Complete Entertainment eXchange

[AF62]

I don't like physical gift vouchers - they often have quite limited validity (2 years)

An amusing exception is CEX - although their vouchers do have an validity period it is 1,000 years, plus a week, from issue.

What's a CEX? How about explaining when you use an unfamiliar abbreviation/acronym?

Unfamiliar? CEX has a shop on virtually every High Street! https://uk.webuy.com/site/store

Second hand electronic goods mart. Like its homonym, it says it'll be faithful to you for ever and a day, but after five years I wouldn't bet on it. Ten years, and you'll probably have switched your affections, and after forty years you'll have started to forget where it is. The voucher, that is.

The instore WiFi is named 'Protected CEX' for the secure connection for staff and 'Unprotected CEX' for the public WiFI.