Tuscani01
Senior Member
Their statement doesn't make sense. People can use those old tokens. If you buy a token at $2.80 and then you use it at $2.90, you're essentially taking a $2.90 ride for $2.80, for 10 cents less than the fare; if you buy a $2.80 token and get a refund from the TTC for $2.90, you're getting $2.90 for a $2.80 token, an extra 10 cents.
The same thing happens either way. Why is the TTC being difficult over something they already permit?
Because a TTC token in someone's hand is already paid for, the TTC has already secured the revenue from the token. Someone using the token doesn't cost the TTC anything. Offering a refund is when the TTC has to physically pay out. The assumption is that those with large quantities of old tokens just sitting around, aren't likely to actually use them if they haven't done so already. Offer them $2.90 a token, and they will be more likely to come in for the money.