Toast did the same thing. It's a great way to support your local restaurants if you have the spare cash right now.
Square eGift Cards
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Re: Square eGift Cards
#32Can someone help me understand something regarding gift cards as a way to support businesses during this shutdown? Gift cards are basically outstanding liabilities, right? If they're not accounted for correctly, when large amounts of people are able to redeem them again, they're left with no money to pay those expenses in the future. Obviously, things aren't as bad if ratio of gift cards to cash spending is somewhat…
There exists a significant set of businesses who are overall profitable, but cannot manage cash flow. This mechanism robots the cash flow from incredibly bad times, into the future.
Re: Square eGift Cards
#33I hope they leave this up after the crisis because this is actually just a way better tool to find local restaurants than googling "restaurants near me".
Yeah, this is seriously cool. It seems to correlate with all the independent, hipster-type places I like. After seeing the local restaurants and shops I remembered how much I like/miss these places.
This is just a listing of restaurants that use Square register.