Woolworths gift card thread

[SOPOOR]

No., it is just good business by the Cashrewards Team.

Last week they must have been making a killing as all the Amexers were pushing through large orders buying many months of GC spend in order to be the 50% Transfer Reduction.

So when people are throwing $$$$ at you there is need to have a special offer.

Whereas this week their Amex based customers would have dropped off the face of the earth, and so they have an offer to entice the non-Amexers.

I've always wondered if they actually make any money off gift cards

 

[MathNerd]

I've always wondered if they actually make any money off gift cards

Nope, I've had conversation with one of the main guys at CR and they don't make anything off WW Gift Cards, they're just another front that WW uses to sell these GCs.
Thinking about it from WW's perspective: It gets customers spending (in some cases, very very large amounts of) money, which then locks that cash up in WW's coffers, and the liability then gets "cleared" only when the Gift Cards are redeemed (which in some cases will take months).
So WW flogs off their discounted GCs to any site that cares to offer them.

 

[SOPOOR]

Nope, I've had conversation with one of the main guys at CR and they don't make anything off WW Gift Cards, they're just another front that WW uses to sell these GCs.
Thinking about it from WW's perspective: It gets customers spending (in some cases, very very large amounts of) money, which then locks that cash up in WW's coffers, and the liability then gets "cleared" only when the Gift Cards are redeemed (which in some cases will take months).
So WW flogs off their discounted GCs to any site that cares to offer them.

That's what I suspected all along

5% is already a decent discount.

That's why I asked myself many years ago, should we keep wish gift disxounts fairly quiet as if everyone got on it, woolworhts would simply scrap it or reduce it down to 3% as it was 'hurting' their bottom line

 

[lovetravellingoz]

I've always wondered if they actually make any money off gift cards

Is the they you mean WOW or CR?

 

[lovetravellingoz]

Nope, I've had conversation with one of the main guys at CR and they don't make anything off WW Gift Cards, they're just another front that WW uses to sell these GCs.
Thinking about it from WW's perspective: It gets customers spending (in some cases, very very large amounts of) money, which then locks that cash up in WW's coffers, and the liability then gets "cleared" only when the Gift Cards are redeemed (which in some cases will take months).
So WW flogs off their discounted GCs to any site that cares to offer them.

From a WOW perspective it also helps stop the $$ sensitive customer defecting to Aldis etc.

A locked in customers is a valuable thing.

There is also wastage on the GCs.

 

[SOPOOR]

Is the they you mean WOW or CR?

I meant cr

We all know that
Wows margin on groceries is huge

Not 100% sure about booze

 

[lovetravellingoz]

Nope, I've had conversation with one of the main guys at CR and they don't make anything off WW Gift Cards, they're just another front that WW uses to sell these GCs.

Are you stating that CR's do not make any $$ from selling the GC for WOW?

If so I find that very had to believe. Or are you implying that CR is owned by WOW? In which case it does make sense.


I know in my business that I offer discounts to lock in business. It also assists with cashflow management

 

[Saltywings]

That will be why it was this week and not last week.

Well yeah, I think none of us are surprised at this #business101 tactic; rather, whinging about the obvious as it were.

 

[SOPOOR]

Sort of off-topic but didnt want to start a new thread

Anyone got any suggestions how to top up myki card in vic using only1s

Online declines
Self serve asks for pin

I could try 7-11 but is get the same problem i think

 

[MathNerd]

Sort of off-topic but didnt want to start a new thread

Anyone got any suggestions how to top up myki card in vic using only1s

Online declines
Self serve asks for pin

I could try 7-11 but is get the same problem i think

Go to 7-11 and do it there. When it prompts for a PIN, just hit "Enter" and it'll ask for signature.

 

[Quickstatus]

When do the discounted WOW GC appear?

How are residual balances on a GC treated?

 

[LadyC]

Sort of off-topic but didnt want to start a new thread

Anyone got any suggestions how to top up myki card in vic using only1s

Online declines
Self serve asks for pin

I could try 7-11 but is get the same problem i think

When did you start having this problem? I have never had this issue in the past.

 

[SOPOOR]

When did you start having this problem? I have never had this issue in the past.

Hmmm maybe its just my account

First I used 2 x coles prepaid MC
Then i tried to use a only1, it said the system doesnt allow payments via that method
I tried another coles prepaid MC and it came up with the same error.

I was able to use the coles prepaid MC at a 711 though as it had a pin

 

[LadyC]

Hmmm maybe its just my account

First I used 2 x coles prepaid MC
Then i tried to use a only1, it said the system doesnt allow payments via that method
I tried another coles prepaid MC and it came up with the same error.

I was able to use the coles prepaid MC at a 711 though as it had a pin

I have used only1 visa to top up my myki tens of times, most recently a few weeks ago. My cards have $100 in value and I top up the full $100. I have never been rejected unless I have incorrectly input details. They could have changed the system more recently but I don't have any more of them at the moment to test that.

 

[SOPOOR]

I have used only1 visa to top up my myki tens of times, most recently a few weeks ago. My cards have $100 in value and I top up the full $100. I have never been rejected unless I have incorrectly input details. They could have changed the system more recently but I don't have any more of them at the moment to test that.

Hmmm that's interesting .
Are you doing one at a time?

The fact it worked for me twice makes me think its flagged my account for whatever reason

 

[LadyC]

Yes, I only top up as needed, every couple of weeks.

Hmmm that's interesting .
Are you doing one at a time?

The fact it worked for me twice makes me think its flagged my account for whatever reason

 

[SOPOOR]

Yes, I only top up as needed, every couple of weeks.

this is the error msg im getting by the way,

will try 7-11, the last few 7-11s ive been to the machines have been broken

 

[Blackswan]

Multiple cards can be used if making a booking over the phone, the T&Cs don’t specify if the booking fee will be waived. As this is the only way to use multiple cards in one booking I would hope they would be.

I ended up buying multiple cards, and called up to use them on the phone. Bookings have to be made through Virgin Australia holidays - and the phone lines are only open Monday - Saturday (business hours).

 

[lilkid28]

I ended up buying multiple cards, and called up to use them on the phone. Bookings have to be made through Virgin Australia holidays - and the phone lines are only open Monday - Saturday (business hours).

Did they charge you a phone booking fee? Could you use one of those Virgin discount codes?

 

[Saltywings]

Did they charge you a phone booking fee? Could you use one of those Virgin discount codes?

In my experience, no and no.