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uncle_el · 01-06-2005, 07:05 PM

for context, i once worked for blockbuster.

i bet the restocking fee will be the rough equivalent of the late fee over the same period of time. not to mention the price of a brand new video/dvd for rental is crazy. unless the game has changed, videos are sold in bundles of 3 or 5 for $300 (the price of the 3 video bundle) or $500. the store then has a certain period of time in which to rent those videos. after that time, a certain amount or sold as used, and others are returned to the distributor for a refund. while a video is new, a customer could be charged $100 for a brand new video/dvd... again, this is from the info when i worked there a long time ago. in any event, the charge will be significantly more than if you just bought a dvd from best buy/circuit city/other retailer.

the game goes like this:

$5.00 (not sure what the current charge is for a video) for a 3 day rental... but you get 7 days at no charge.(via the new system). after that, the full price of the video is charged... where you'd be charged, from my figures above, $100 minus the rental... for $95 dollars. you then have another 23 days (since you get 30 days total, and it's already been 7 days) to return it for a refund of the 95 charged, for which they charge the 5.00 rental fee and add on a restocking fee. the restocking fee will likely be what the cost of a late fee would have been over that time any way (some odd amount of like 1.72 each day).

the restocking fee is b.s. because all that will need to be done is simply go into the computer, manually enter the number to log the video back into the system, and then scan the number. it's one more step than it is to return a video on time (where the employee scans the video and puts in back on the shelf).

it's just another way for blockbuster to confuse the customer (now people will think they have 7 days, but forget that if you rent it on sunday and return it the next sunday, you'll be 1 day late. remember, blockbuster counts the day of rental as the 1st day, and thus saturday would be the 7th day) and still make money. and since the fees past 30 days will now be higher than before, it will be easier to get collections agencies to move in on people renting videos, as well as be easier to take someone's credit down, since the amount of money owed will be larger than before.

01-06-2005, 07:05 PM	#3 (permalink)
uncle_el Crazy Location: n hollywood, ca	for context, i once worked for blockbuster. i bet the restocking fee will be the rough equivalent of the late fee over the same period of time. not to mention the price of a brand new video/dvd for rental is crazy. unless the game has changed, videos are sold in bundles of 3 or 5 for $300 (the price of the 3 video bundle) or $500. the store then has a certain period of time in which to rent those videos. after that time, a certain amount or sold as used, and others are returned to the distributor for a refund. while a video is new, a customer could be charged $100 for a brand new video/dvd... again, this is from the info when i worked there a long time ago. in any event, the charge will be significantly more than if you just bought a dvd from best buy/circuit city/other retailer. the game goes like this: $5.00 (not sure what the current charge is for a video) for a 3 day rental... but you get 7 days at no charge.(via the new system). after that, the full price of the video is charged... where you'd be charged, from my figures above, $100 minus the rental... for $95 dollars. you then have another 23 days (since you get 30 days total, and it's already been 7 days) to return it for a refund of the 95 charged, for which they charge the 5.00 rental fee and add on a restocking fee. the restocking fee will likely be what the cost of a late fee would have been over that time any way (some odd amount of like 1.72 each day). the restocking fee is b.s. because all that will need to be done is simply go into the computer, manually enter the number to log the video back into the system, and then scan the number. it's one more step than it is to return a video on time (where the employee scans the video and puts in back on the shelf). it's just another way for blockbuster to confuse the customer (now people will think they have 7 days, but forget that if you rent it on sunday and return it the next sunday, you'll be 1 day late. remember, blockbuster counts the day of rental as the 1st day, and thus saturday would be the 7th day) and still make money. and since the fees past 30 days will now be higher than before, it will be easier to get collections agencies to move in on people renting videos, as well as be easier to take someone's credit down, since the amount of money owed will be larger than before.