Love2shop are they safe?

Zandoni

Hi all

With so manys companies going bust these days I was wondering how safe Love2shop vouchers are.

Appreciate any comments.

AvaBelle

I receive these a lot for xmas and birthdays and personally think they are pretty safe. You can use them in so many stores so that if one store goes bust, you still have so many other stores to spend your vouchers in. Also as so many stores accept them, I've found that I spend them within a couple of weeks anyway.

Here's a list of accepted retailers: http://www.love2reward.co.uk/COMMON/pdfs/l2s-voucher-retail-list.pdf

Zandoni

AvaBelle wrote: »

I receive these a lot for xmas and birthdays and personally think they are pretty safe. You can use them in so many stores so that if one store goes bust, you still have so many other stores to spend your vouchers in. Also as so many stores accept them, I've found that I spend them within a couple of weeks anyway.

Here's a list of accepted retailers: http://www.love2reward.co.uk/COMMON/pdfs/l2s-voucher-retail-list.pdf

Thanks for that AvaBelle, but I was wondering what would happen if the company that issues them went bust.

AvaBelle

Oh OK - I'm not too sure - I found this if it helps:

http://www.highstreetvouchers.com/L2S-Card-Purchased-On-Line-Retail-2EMD-Compliant.pdf

10. Regulation and Protection
10.1 PCS is authorised and regulated by the FSA (registration number 900016) to carry on the regulated activity of issuing E-money. 10.2 Although the E-money product is regulated by the FSA, it is not covered by the Financial Services Compensation Scheme. No other compensation scheme exists to cover losses claimed in connection with Cards. This means that in the event that PCS becomes insolvent, any E-money on your card may become valueless and unusable and may be lost. For the protection of Cardholders, all funds held from time to time on Cards are held by PCS on trust in accordance with the terms of the Park Card Services Ltd E-Money Trust.

Zandoni

AvaBelle wrote: »

Oh OK - I'm not too sure - I found this if it helps:

http://www.highstreetvouchers.com/L2S-Card-Purchased-On-Line-Retail-2EMD-Compliant.pdf

10. Regulation and Protection
10.1 PCS is authorised and regulated by the FSA (registration number 900016) to carry on the regulated activity of issuing E-money. 10.2 Although the E-money product is regulated by the FSA, it is not covered by the Financial Services Compensation Scheme. No other compensation scheme exists to cover losses claimed in connection with Cards. This means that in the event that PCS becomes insolvent, any E-money on your card may become valueless and unusable and may be lost. For the protection of Cardholders, all funds held from time to time on Cards are held by PCS on trust in accordance with the terms of the Park Card Services Ltd E-Money Trust.

Well found, thought that might be the case, think I wont buy too many at once, thanks.

danny1kirby

my mums done them for years, we regularly save up with them for over 20 people included totalling more than £6000. they are the safest in regards to christmas savings so i would recommend them as being safe.

I_luv_cats

AvaBelle wrote: »

I receive these a lot for xmas and birthdays and personally think they are pretty safe. You can use them in so many stores so that if one store goes bust, you still have so many other stores to spend your vouchers in. Also as so many stores accept them, I've found that I spend them within a couple of weeks anyway.

Here's a list of accepted retailers: http://www.love2reward.co.uk/COMMON/pdfs/l2s-voucher-retail-list.pdf

These vouchers are a pain in the derriere. Becausethe Argos logo wasn't on the Love2shop High Street voucher they wouldn't accept it !!!! Pointless having a retailer list on the L2S website if they don't accept it!!!

eschaton

They are about as safe as an HMV Gift Voucher.

sugar.lady

i was having the same question about bonus bond?