Fact sheet on state gift card protection laws

 

I’m often asked by our owners if they can charge an inactivity fee if a gift card is not used.  It’s a tricky question to ask because it really depends on the state laws.

Usually a store owner wants to look at eating up the residual balance from the gift card after a specific period of inactivity.

There is a great resource available here that shows various laws by state.

 

Please do NOT consider any of this as the word of law without checking directly with your state!

 

Mike.

October 4th, 2011 by