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Jason

no more Blockbuster late fees

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Currently, once a video or game is overdue, Blockbuster charges another full rental fee. After 12 days, it charges the purchase price for the item, plus the late fees. One out of six transactions incurs late fees.

Next month, customers will get one week's grace after the due date to return a DVD, tape or game. After that, the company will assume the customer wants to buy the item, so it will charge the customer for it. If the customer returns that overdue rental within 30 days, the charge will be refunded, minus a $1.25 restocking fee.

This sounds good in theory, but doesn't this mean Blockbuster will need to greatly increase the movie/game stock of each store to compensate for this new "grace period?" I'm sure many people would take advantage of the new policy and automatically keep the movie/game for an extra week.

Anyone want to express your 2 cents on this?

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