Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Un-redeemed GC aren’t profit. You can’t book the revenue, rather the balances count as a liability (because you owe all the random cardholders valuable goods/services) and, at least in my state, after a certain period of inactivity, you’re obligated to give that money to the State as unclaimed property. Google “escheatment”


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: