No more late fees at Blockbusters...
At least they won't call them late fees. I just heard on CNN Headline news that at Blockbusters will stop charging late fees-- they will still give you a due date, and you'll have a one week grace period. After that they'll "sell you the movie," i.e. charge your credit card for the price of the movie. You'll have 30 days to return the movie "minus a re-stocking fee." I'll try to post a link if I find one. If anyone else finds one first, feel free to post it to the comment section below...
Update: apparently what they used to do was charge you for the movie once you had it too long, in addition to late fees, so this is better.
posted by solarbaby @ 12/15/2004 02:34:00 PM
1 comments
1 Comments:
Update: Mike sez, "you rent a movie, you have a certain grace period within which you have to return the movie (or game). if you step over that grace period they charge you full price for the thing (minus the original rental fee). you can contest the charge, and if they take it back they'll charge you a $1.25 'restocking fee.' Restocking fees are usually put in place by electronic retailers to deter returns on big ticket items that are not defective. If you buy something and then return it, the company has to deal with more costs to handle the return. But Blockbuster's entire business is based on returns! It doesn't sell movies, it rents them to you with the expectation of getting it back. Their business model hasn't changed any. it's just a way to extort more money out of us consumers."
From http://www.boingboing.net/2004/12/14/blockbuster_competes.html
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