What You Need to Know to Sell Gift Cards
12/07/20 • 34 min
Selling gift cards or certificates during the 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.
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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Please subscribe, rate, and review Outgrowth on your favorite podcast platform to help us reach more listeners like you!
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Visit our website:
Outgrowth: A Slice of Pro Beauty
Find us on Social Media:
Instagram & Facebook & Twitter
We want to hear from you!
Email us at [email protected].
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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.
AFFILIATE DISCLAIMER
Outgrowth provides links to information and other resources, including brands, products, and services, for your convenience. Some qualify as affiliate links when they result in compensation to Outgrowth.
----------
Edited for length and clarity.
We love the pro beauty industry and bringing our listeners new episodes on relevant topics every week.
If you’d like to support Outgrowth in our mission to grow together, you can become a patron of our podcast! Starting at $5, you can select your level of monthly support.
Visit http://bit.ly/OutgrowthPatron to sign up – you can cancel anytime.
Selling gift cards or certificates during the 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.
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
-----------
Please subscribe, rate, and review Outgrowth on your favorite podcast platform to help us reach more listeners like you!
----------
Visit our website:
Outgrowth: A Slice of Pro Beauty
Find us on Social Media:
Instagram & Facebook & Twitter
We want to hear from you!
Email us at [email protected].
----------
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.
AFFILIATE DISCLAIMER
Outgrowth provides links to information and other resources, including brands, products, and services, for your convenience. Some qualify as affiliate links when they result in compensation to Outgrowth.
----------
Edited for length and clarity.
We love the pro beauty industry and bringing our listeners new episodes on relevant topics every week.
If you’d like to support Outgrowth in our mission to grow together, you can become a patron of our podcast! Starting at $5, you can select your level of monthly support.
Visit http://bit.ly/OutgrowthPatron to sign up – you can cancel anytime.
Previous Episode
Legislative Intent: Protecting the Industry
What’s the incentive to comply with regulations if no one’s held accountable? When government recognizes exploitation and unsafe working conditions in the beauty industry, the response should be legislation, education, and enforcement that directly addresses the problem. In our first interview with an elected official, Assemblywoman Catalina Cruz of New York explains how she gives voice to her constituents with a proposed bill that could transform our industry.
Resources:
Nail Salon Accountability Act
Assemblywoman Catalina Cruz of New York (AD-39)
Race to the Bottom: Low Prices & Stolen Wages in NY’s Nail Salon Industry
New York Times (5/7/15) - The Price of Nice Nails
New York Nail Salon Workers Association
NYCOSH (New York Committee for Occupational Safety & Health)
One Fair Wage
Adhikaar
-----------
Please subscribe, rate, and review Outgrowth on your favorite podcast platform to help us reach more listeners like you!
----------
Visit our website:
Outgrowth: A Slice of Pro Beauty
Find us on Social Media:
Instagram & Facebook & Twitter
We want to hear from you!
Email us at [email protected].
----------
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.
AFFILIATE DISCLAIMER
Outgrowth provides links to information and other resources, including brands, products, and services, for your convenience. Some qualify as affiliate links when they result in compensation to Outgrowth.
----------
Edited for length and clarity.
We love the pro beauty industry and bringing our listeners new episodes on relevant topics every week.
If you’d like to support Outgrowth in our mission to grow together, you can become a patron of our podcast! Starting at $5, you can select your level of monthly support.
Visit http://bit.ly/OutgrowthPatron to sign up – you can cancel anytime.
Next Episode
Universal Licensing: Closer Than We Think?
Considering a move to another state? Wish you had a professional license that would be accepted in all fifty states? The concept of universal licensure offers that possibility, but will states change their laws to make that a reality? Susan Colard of the NIC, the predominant testing organization in our industry, describes new efforts to standardize licensure and increase portability through a national database and national credential.
Resources:
National Interstate Council for State Boards of Cosmetology (NIC)
-----------
Please subscribe, rate, and review Outgrowth on your favorite podcast platform to help us reach more listeners like you!
----------
Visit our website:
Outgrowth: A Slice of Pro Beauty
Find us on Social Media:
Instagram & Facebook & Twitter
We want to hear from you!
Email us at [email protected].
----------
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.
AFFILIATE DISCLAIMER
Outgrowth provides links to information and other resources, including brands, products, and services, for your convenience. Some qualify as affiliate links when they result in compensation to Outgrowth.
----------
Edited for length and clarity.
We love the pro beauty industry and bringing our listeners new episodes on relevant topics every week.
If you’d like to support Outgrowth in our mission to grow together, you can become a patron of our podcast! Starting at $5, you can select your level of monthly support.
Visit http://bit.ly/OutgrowthPatron to sign up – you can cancel anytime.
Outgrowth: A Slice of Pro Beauty - What You Need to Know to Sell Gift Cards
Transcript
ASHLEY: Welcome to Outgrowth: A Slice of Pro Beauty with your hosts Ashley Gregory Hackett.
JAIME: And Jaime Schrabeck. Traditionally, salons and beauty pros have relied on the sale of gift cards and certificates to generate extra revenue during the holiday season. But facing the prospect of future shutdowns, and even permanent closure, is that a smart move?
ASHLEY: To disc
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