Between "scripts?"
Microsoft points are traded and I still do not understand what the legal ramifications are if something is or is not "traded." What is your definition of traded?
Microsoft points are traded and I still do not understand what the legal ramifications are if something is or is not "traded." What is your definition of traded?
(q) "Payment instrument" means a check, draft, money order, traveler's check, or other instrument for the transmission or payment of money or monetary value, whether or not negotiable. The term does not include a credit card voucher, letter of credit, or any instrument that is redeemable by the issuer for goods or services provided by the issuer or its affiliate.
(v) "Stored value" means monetary value representing a claim against the issuer that is stored on an electronic or digital medium and evidenced by an electronic or digital record, and that is intended and accepted for use as a means of redemption for money or monetary value or payment for goods or services. The term does not include a credit card voucher, letter of credit, or any stored value that is only redeemable by the issuer for goods or services provided by the issuer or its affiliate, except to the extent required by applicable law to be redeemable in cash for its cash value.
(n) "Money" means a medium of exchange that is authorized or adopted by the United States or a foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more governments.
-- http://www.dfi.ca.gov/licensees/moneytransmitters/
In essence, "MS Points" are exempt, because they are "only redeemable by the issuer for goods or services provided by the issuer or its affiliate".
Also, definitions similar to this are generally accepted. I happened to know where in Calofornia's legal code I could go to get a firm definition that clearly laid out the "gift card" exception, but frankly the answers other people already have been giving should have been sufficient: I was mearly providing evidence for "gift cards are normally exempt".