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Is it illegal for catering brands to store value?

Stored value of catering brands is usually legal, but relevant laws and regulations should be observed to protect customers' rights and interests.

in most countries and regions, it is legal for catering brands to carry out stored value activities. Stored value means that consumers pay a certain amount in advance to use it when buying products or enjoying services in the future. This method of storing value is very common in the catering industry, aiming at attracting customers, increasing sales and building customer loyalty.

in China, the payment method of stored value in catering industry is legal. According to relevant laws and regulations, catering enterprises can provide stored value payment services, allowing consumers to pay a certain amount in advance for subsequent consumption. This payment method provides convenience for catering enterprises and consumers, and can promote sales and customer loyalty. However, the payment of stored value also needs to comply with relevant regulations, such as clearly informing consumers of the rules for the use of stored value amount, and providing inquiries about the balance of stored value. In addition, catering enterprises should protect consumers' rights and interests, such as providing services such as refund and transfer. Therefore, under the premise of legality, the stored value payment method in the catering industry needs to comply with relevant regulations to protect consumers' rights and interests.

to sum up, under some special circumstances, the laws of some countries or regions may have some restrictions on stored value activities. For example, some regions may require catering brands to file or apply for permission when the stored value exceeds a certain amount. In addition, some countries or regions may have some restrictions on the use of stored value, such as not allowing it to be used to buy specific goods or services.

Legal basis:

Article 16 of the Price Law of the People's Republic of China

Operators selling imported goods and purchasing export goods shall abide by the relevant provisions of this chapter and maintain the domestic market order.