hissingsid Posted October 21, 2021 Share Posted October 21, 2021 Martin was on the Nations Station complaining the scheme to help the hospitality trade by the Government after Covid…which is slowly tearing it’s ugly head again, is aimed at food providers none for the the wet trade. Does anyone know how this scheme works ? Who gets the discount vouchers ? First it was the hotels now the eateries and pubs, what about the other little businesses ? I resent my taxes going towards plumping out Heron and Brearley’s profits especially with the standard of food they dish up. Does anyone have any idea how this scheme for splashing the cash works? Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted October 21, 2021 Share Posted October 21, 2021 Over half a million pounds has been set aside for this scheme https://www.loveiom.com/loveiom-gift-card-scheme-now-open-for-merchant-applications-from-within-the-hospitality-sector Quote Link to comment Share on other sites More sharing options...
SleepyJoe Posted October 21, 2021 Share Posted October 21, 2021 Mr Hooper describes it as one of the most ambitious shop local initiatives ever https://www.gov.im/news/2021/oct/11/loveiom-gift-card-scheme-now-open-for-merchant-applications-from-within-the-hospitality-sector/ Quote Link to comment Share on other sites More sharing options...
english zloty Posted October 21, 2021 Share Posted October 21, 2021 DFE at its best. Buy one get a fairy house free 1 4 Quote Link to comment Share on other sites More sharing options...
hissingsid Posted October 21, 2021 Author Share Posted October 21, 2021 Who gets the vouchers to spend ? Are they going to send them in the post ? I think most families would prefer a voucher they could buy food or heat with not to use for a night out that will no doubt cost fortunes. Quote Link to comment Share on other sites More sharing options...
pongo Posted October 21, 2021 Share Posted October 21, 2021 So a bit like a pre paid debit card but you can only use it in shops here? 1 Quote Link to comment Share on other sites More sharing options...
hissingsid Posted October 21, 2021 Author Share Posted October 21, 2021 Sorry, still confused, so if it is a card you put money on yourself to spend money you would have spent anyway how is it costing the taxpayers half a million quid? Where do you get the cards from ? If you go downtown to buy a present how do you know which shop you are going to end up in to get the present ? This is crazy or perhaps you just put money on a card and hope the shop is in the scheme….just beyond me…who the f…k thought this one up? 1 Quote Link to comment Share on other sites More sharing options...
hissingsid Posted October 21, 2021 Author Share Posted October 21, 2021 Pongo but only in certain shops, those who have joined the scheme. Quote Link to comment Share on other sites More sharing options...
pongo Posted October 21, 2021 Share Posted October 21, 2021 Vouchers can be a good way of making money for the people who issue them. Since a surprisingly high percentage never get used. Often popular as presents but expire before used. 1 Quote Link to comment Share on other sites More sharing options...
quilp Posted October 21, 2021 Share Posted October 21, 2021 It might work as a gift card. With lots of places you can spend it (eventually, apparently) as long as the merchants sign up and the (expensive) advertising works. Depends on the commercial uptake. Quote Link to comment Share on other sites More sharing options...
hissingsid Posted October 21, 2021 Author Share Posted October 21, 2021 Thank you for explaining the scheme….I won’t be joining 😁 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted October 21, 2021 Share Posted October 21, 2021 Exactly who is issuing the cards and who is/are the card scheme manager(s)? Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted October 21, 2021 Share Posted October 21, 2021 56 minutes ago, offshoremanxman said: These cards make money for the people who issue the cards. That’s about it. They don’t generally make money for anyone else as you have to put your own money on the card and the shop gets money it presumably would have got anyway when people buy things with the card. The half a million is to cover additional benefits (points and offers etc) which the card provider tops up from the profits it already makes on issuing the cards and receiving the uploaded money or purchase transaction fee in the first place. And you can’t buy alcohol with the IOM card so it won’t help the wet trade which is the worst sector hit. And Jersey pre loaded their cards with £100 of free money which you could spend on stuff you couldn’t afford to normally buy which we won’t be doing. All in all, it’s a pointless scheme unless you’re the card scheme manager who gets all the transaction fees as well as half a million quid of taxpayers money to convert to meaningless scheme points which they’ll make sure aren’t fully passed on to the traders participating in the scheme. Are you sure you’ve got this right? You apply for a card to spend with local retailers instead of using your existing debit/credit card and you don’t get any discount or other benefits for using this new card? Where does the £100 come into it? Or have I just not understood it? Quote Link to comment Share on other sites More sharing options...
english zloty Posted October 21, 2021 Share Posted October 21, 2021 35 minutes ago, offshoremanxman said: There’s normally a 20% margin in this sort of scheme. The manager is clear if you do a bit of digging. Seems to be KBH? Who seem to be Gef? Assuming you mean the data protection bit of the site? Quote Link to comment Share on other sites More sharing options...
english zloty Posted October 21, 2021 Share Posted October 21, 2021 1 minute ago, offshoremanxman said: It looks that way. Nothing dodgy there then. All legit and above board 😂 1 Quote Link to comment Share on other sites More sharing options...
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