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	<title>Statistics &#8211; Something of Interest</title>
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		<title>Gift Cards = 0% Loan to Business</title>
		<link>https://www.somethingofinterest.com/gift-cards-0-loan-to-business/</link>
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		<dc:creator><![CDATA[Dave]]></dc:creator>
		<pubDate>Thu, 26 Mar 2020 15:38:04 +0000</pubDate>
				<category><![CDATA[Everyday Things]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[SOI Blog]]></category>
		<category><![CDATA[Statistics]]></category>
		<category><![CDATA[gift cards]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[Starbucks]]></category>
		<guid isPermaLink="false">https://www.somethingofinterest.com/?p=541</guid>

					<description><![CDATA[On a recent episode of NPR&#8217;s Planet Money they discussed ways to help local businesses during the current Coronapocalypse. One way is to buy gift cards which act as a 0% loan from you to them. The statistic that was mind bending is that Starbucks reported in a current financial report that they have $1.6 [&#8230;]]]></description>
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<p>On a recent <a href="https://www.npr.org/2020/03/23/820254396/episode-983-you-asked-about-the-virus-economy" target="_blank" rel="noreferrer noopener" aria-label="episode (opens in a new tab)">episode</a> of NPR&#8217;s Planet Money they discussed ways to help local businesses during the current Coronapocalypse. One way is to buy gift cards which act as a 0% loan from you to them.</p>



<p>The statistic that was mind bending is that Starbucks reported in a current financial report that they have $1.6 Billion in &#8220;stored value card liability.&#8221; In other words, customers have loaned Starbucks over a billion and a half dollars by buying gift cards, some of which may never be redeemed (some <a rel="noreferrer noopener" aria-label="estimates (opens in a new tab)" href="https://www.giftcards.com/gift-card-statistics#unused" target="_blank">estimates</a> as much as 7%).</p>
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