The $8 billion story/scam or Gift cards are for chumps

The $8 billion story/scam: Last year, more than $8,000,000,000 was wasted on these cards. Not in the value spent, but in fees and breakage. When you give a card, if it doesn’t get used, someone ends up keeping your money, and it’s not the recipient. People spent more than eight billion dollars for nothing… buying a product that isn’t as good as cash.

If I were a creative non-profit, I’d start marketing alternative gift cards. They would consist of PDF files you could print out and hand over to people when you give them cash. It could say,

“Merry Christmas. Here’s your present, go spend it on what you really want. AND, just to make sure we’re in the right holiday spirit, I made a donation in your name to Aworthycause.”

Stories come and go. It’s up to marketers to spread the good ones.

[Right on! Spread the meme: Gift cards are for chumps!]
Source: Seth’s Blog

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