Comments on: Apple sued over iTunes gift cards
An Illinois couple is suing because Apple advertises its iTunes gift cards as selling songs for 99 cents a pop. However, some songs actually cost $1.29.
An Illinois couple is suing because Apple advertises its iTunes gift cards as selling songs for 99 cents a pop. However, some songs actually cost $1.29.
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Also I am sure they called contacted apple first. If they gave them credit on their account to have the card value correcty for the max variable pricing model then there wouldn't be a law suite. However company reps when cotacted generally just be hard on the callers. I am sure the damanges for time and such will indicate that.
So many companies overcharge on sevices or gurantee a price just to do a bait and switch type operations.
For the people that don't want to see taxpayers money wasted presure apple to settle with them and anyone who purchased cards after the new pricing model went into effect.
I am sure that is much cheaper than paying all the lawyers fees.
You must remember that for the entire time the card lay "fallow", the card issuer retained/generated interest/use of the $X. That's one reason I think the fees applied to gift cards in order to degenerate their value over time if unused should be stricken from the books. Most gift cards could be viewed as indeterminate length loans to the issuer. Here's $20 in cash, I'll expect $20 in merchandise at a later date; except that THIS PARTICULAR RUN OF GIFT CARDS specified the explicit end cost of the merchandise in question.
This is NOT like a decades old coupon. If the non-useage fees were not in effect, and that $0.08 per pound (up to 5 pounds/ .40 cents) hamburger coupon were a gift card, the "gift card" would have generated $213.48 in value for the issuer (90 years at 7% interest compounded montly as a rate of return), more than enough for the issuer to still make a handsom profit giving the holder 5 pounds of hamburger meet. Gift Cards are already ripping consumers off enough without letting issuers retroactivly change the terms of the agreement.
- by Manbot1 November 22, 2009 7:27 PM PST
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