Wednesday September 3, 2014 Search
Weather | Athens
28o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Find good deals with used transport tickets

By Alexandra Kassimi

There's a new incentive for hanging on to used transport and airline tickets as they could mean cheaper purchases of a variety of goods ranging from clothing and bathroom tiles as well as services, thanks to the Money Back system.

A recent initiative, Money Back (http://wp.moneybacksystem.gr), allows consumers to get a discount on products and services based on the value of the bus, train, boat or airplane tickets they present to stores and establishments that have signed on to the scheme.

Numbering around 170 businesses so far mostly in Athens Money Back's members include a few bars and fast-food eateries, pet shops, clothing stores, book shops, car mechanics, pastry shops, hair salons, dry cleaners, hardware stores and even pharmacies. The establishments currently restricted to Attica and Crete display the Money Back sticker on their window to show that they are a part of the scheme.

The way the scheme works is that customers hand in their used transport tickets at the till, where they are given a discount on their value. The price of the discount is determined by the establishment and can be 1 euro off purchases and services for every 10 euros' worth of tickets, for example, or 1 euro off for every 5 euros.

The size of the discount offered is small enough to make the founders of the initiative optimistic that they will be able to reach their target of over 600 participating establishments so that they can offer a wider selection of goods and services to commuters and travelers.

As far as consumers are concerned, the benefits are obvious. According to available data, the average commuter spends between 145-350 euros a year on transportation, Nikos Imirziadis, the chief executive officer of the sales promotion center that manages the scheme, told Kathimerini. A large portion of that money can return to the market via the Money Back system, improving the revenues of establishments at a time when business is at such a low.

Still in the early stages, the scheme is already seeing some businesses receiving around 15-20 customers a month using the system.

We are very pleased, given that we are still in the first few months of the system's operation, said Imirziadis.

ekathimerini.com , Wednesday February 13, 2013 (17:41)  
Targeted due to their sexuality
The story of a Kenyan womans escape from genital mutilation
Persecuted by jihadists, Yazidis flee to Greece
Porto Heli wrestles with trash problem over summer
VISUAL ARTS
Aegean gives painter decades worth of inspiration
May 1972. A young man arrives in Athens for a holiday from his hometown Basel, Switzerland, but does not intend to spend too long in the Greek capital as he is headed for the remote southeas...
ARCHITECTURE
The rebirth of one of Athenss 19th-century architectural treasures
I have often daydreamed, if I had the means, which of the many pre-World War II buildings around Athens that have been abandoned and abused I would choose to save. While a tough decision, I...
Inside Life
Inside Travel
Inside Gastronomy
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washingtons man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. Poise matters
2. The right decision
3. Politicized archaeology
4. Rain and storms with hail expected in many parts of Greece
5. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
6. New committee formed to assess progress of deregulation in closed-shop professions
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.