Removal of gift certificate expiry proposed | mb.com.ph | Philippine News
Home  » Business » Business News » Removal of gift certificate expiry proposed

Removal of gift certificate expiry proposed

Effectivity of gift certificates paid for by customers should be open ended, a Quezon City lawmaker insists.

Rep. Winston Castelo filed House Bill 3091, which seeks to end the practice of imposing expiry dates for gift checks by department stores and supermarkets, saying it constitutes unfair trade.

A typical scene of shoppers in a supermarket of a shopping mall. This one was taken at Shopwise branch store in Imus, Cavite. (Manila Bulletin)

MB FILE – A typical scene of shoppers in a supermarket of a shopping mall. (Manila Bulletin) / 2016.mb.com.ph

Now commonly used as Christmas presents, gift certificates are usually purchased from shopping malls, restaurants or supermarkets and paid for in cash.

“It is purchased with money and money having no expiry dates, it follows that in the case of gift certificate, check or card, the same must bear no expiry date at all,” Castelo said.

The lawmaker also said it makes no business sense for suppliers of gift checks to place an expiry date over what amounts to cash.

“If the reason is the risk of such certificates being issued as susceptible to tampering, it is well within their responsibility to make sure this will not happen through modern security methods,” Castelo said.

The bill, otherwise known as the New Gift Check Act of 2016, mandates the Department of Trade and Industry (DTI) to issue rules and regulations to carry out the provisions of the measure