alt Hacker NewsOoooh do the one where hitting ‘payment’ on the app buys $25 of store credit by default rather than just paying and deducts the 9.64 from that credit.
Then when you spend down the credit to $2 any attempt to buy something that costs more refills the credit.
Starbucks app btw. You have to specifically pay with card on the payment screen to avoid buying credit and paying as above.
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This is how a lot of transit cards work, unfortunately.
This is called a float business in finance. Starbucks has more than a billion dollars in unredeemed balances, and they make ~$200 million per year in interest with this cash. They're basically a bank with a coffee shop side hustle.
That is wild
I've been trapped for 15 years!
Einstein's Bagels does this asinine shit, too, like I want to bank with a fucking mediocre bagel joint.
Toronto Parking Authority is guilty of this. If you pay at a terminal on the street, then you're charged the exact amount needed for your parking session. If you pay using the mobile app, then it charges your credit card in increments of $20, requires your mobile phone number as an account identifier, and keeps track of your remaining monetary balance.