Cashback

Moved onto a new mobile phone contract. It is with one of the big 4 network providers but it is ridiculously cheap. How? Although the contract remains directly with one of the big four network providers, the sale was effectively through a broker and customers are expected to claim cashback Yet there are only two ways the broker can make money from this.

1. They expect people to misplace or forget the payback periods, to not bother with the deliberately archaic methods they insist upon for reclaiming.

2. The more cunning method. They sell policies, collect full subsidy up front from the network provider, then conveniently go insolvent before the cashbacks are due.

I can handle the first. This post is basically a reminder. But I vaguely expect the second.