7 News Belize

How To Discount Gift Certificates
posted (January 23, 2014)
Last night we closed our story on Caribbean Shores Area Representative Santino Castillo with a hanging question: how do you get discounts on gift certificates? He said he had steered all the business from the Christmas cheer programme to his family's stores, which we said was a conflict of interest.

He said that in fact, he was doing government a favour since he gave a substantial discount - and sold the items at cost. But, how do you get a discount on a gift certificate, or buy at cost since all the items have to be bought at shelf prices? Well, during the news Castillo sent a text message explaining that if the government bought $90,000.00 in gift certificates from SAVE-U, he gave them 10% more in total value, bringing it up to 99 thousand dollars. Castillo says that translates into giving customers 10% off, being able to reach more people or giving each person more money per certificate.

He says, his discount to government was more than 10%.

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