To get good insightful answers, how the question is framed matters. I missed an opportunity on Thursday
I can’t write every story there is to tell, but I can use my personal blog to write what questions I hope to see answered in someone else’s story.
The Ontario NDP is calling on the government to regulate Money Mart’s Gift Card purchasing business, saying the 50% Money Mart charges as a fee is an attempt to get around regulations limited payday loan interest and fees charged.
See Question Period video here: http://youtu.be/WSH0ZKGMv7I?t=25m55s
There are already numerous media stories about this story. Thus far, none have answered the question: How does Money Mart sell the gift cards to make their profit, and what is the involvement of the gift card industry?
Money Mart is making its profit somewhere. I can’t see a stable market for buying girt cards except by who issued the card.