No More Late Fees!

Blockbuster drops late fees:

The world’s largest video rental company will still have due dates for their rental products — one week for games and two days or one week for movies, depending on whether it’s a new release.

But customers will be given a one-week grace period after that to return the product. After that grace period ends, the chain will automatically sell them the product, less the rental fee. If the customers don’t want to purchase the movie or game, they can return the product within 30 days for a credit, less a restocking fee.

I go to Blockbuster only because we have no independent video renters stores around, and I think I spend more on late fees than rentals.

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