Exactly, this is another factor for stored value cards that I overlooked - there is no assurance that the company issuing the stored value cards will not close down.
There has been so many cases like:
1. Rental shop ask you to buy coupons to rent videotapes/dvd - shop close down, your coupons can use to wipe your backside.
2. Magazine companies ask you to pay 1 year subscription in advaance - the next thing you know, you don't see any issue after issue 2.
3. Arcade ask you to buy tokens to play games - you can't finish the tokens so you keep them for another day. The next thing you know, the arcade changed to become a bubble tea shop.
I propose that companies should put a guarantee bond (to be updated periodically) with the government equilvalent to the sum they are holding in the stored value pool to prevent funny business happening - and to make sure they dont use the consumer's money as their own investment kitty - whats the difference from us being their venture capitalists?
Originally Posted by Nisa