Who Knew Gift Cards Were So Complicated?

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Manage episode 307162174 series 2681745
By Ashley Gregory Hackett & Jaime Schrabeck, PhD, Ashley Gregory Hackett, and Jaime Schrabeck. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Selling gift cards or certificates during this holiday season? What happens to outstanding gift cards if your business closes? What you don’t know about the restrictions on expiration dates and the disclosure requirements may surprise you. In our discussion with attorney Amy Toepper of Legal In A Box, we discover the important legal considerations, and potential liabilities, for business owners. Originally published Dec 7, 2020.
Resources

NCSL Gift Cards and Gift Certificates Statutes and Legislation

Highlights of the federal Credit CARD Act of 2009

Gift Card Laws: An Interactive State-by-State Guide
AMT Law - Expert legal advice from Amy Toepper and her team
Legal In A Box - Business documents and connections to attorneys in your state

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A note from the hosts: While we make every effort to provide current and factual information in this podcast, we are not lawyers or accountants. Information contained in this podcast should not be viewed as a substitute for legal or tax advice. We always recommend you seek professional legal and financial advice where required.
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Edited for length and clarity.

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91 episodes