OpenAI says my prepaid credits were consumed, refuses to show any record
Posted by ppavlyuk 1 day ago
Comments
Comment by pton_xd 1 day ago
Comment by oidar 1 day ago
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Comment by InsideOutSanta 1 day ago
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Comment by tom1337 1 day ago
Comment by mrtksn 1 day ago
Comment by bryanlarsen 1 day ago
Comment by InsideOutSanta 1 day ago
Comment by tom1337 1 day ago
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Comment by viccis 1 day ago
Comment by InsideOutSanta 1 day ago
Comment by exe34 1 day ago
Comment by OutOfHere 1 day ago
Comment by xtiansimon 18 hours ago
I’m sorry, but you’re wrong about the facts. A gift certificate is a business liability under GAAP. And you’re not required to hold that liability forever.
FASB ASC 606 (Revenue from Contracts with Customers)
What’s more, Federal Law gives you only 5 years, but states may have additional protections,
“Under the law, a gift card cannot expire until at least five years from the date it was activated. The law also places general limitations on fees. For instance, the card issuer cannot charge a dormancy or inactivity fee on a gift card unless there has been no activity for one year and the card clearly states its policy toward that fee.”
The Credit Card Accountability Responsibility and Disclosure (Credit CARD, 2009)
https://www.fdic.gov/consumers/consumer/news/december2019.ht...
Comment by nickthegreek 16 hours ago
https://www.ncsl.org/financial-services/gift-cards-and-gift-...
Comment by bryanlarsen 15 hours ago
And an expectation that the liabilities will never be called is an offsetting asset. It never offsets to quite zero, but over time it gets pretty darn close.
Comment by OutOfHere 16 hours ago
You say that, but you haven't explained how it is a liability, and I consider it debatable. In practice, there is a near-zero risk to a large firm in a statistical sense if the firm caps the max amount held per user to say $1000 or whatever the acceptable limit is. It's not as if millions of users are suddenly going to exercise their balances all at once unless the firm is going out of business anyway.
Cloud computing firms even allow me to keep tens of thousands of dollars in my account balance, with no expiration, which helps me ensure that my cloud services will keep running for years if not decades. There is just no strong case for OpenAI expiring unused balances after one year. In my prior comment, I already named various large firms that NEVER expire gift card balances.
The reputation loss from an expired balance is vastly more consequential. Thinking solely from an accounting pov is absurd.
Comment by bramhaag 1 day ago
Comment by Drupon 1 day ago
Comment by jmkni 1 day ago
Small enough amount of money that I didn't bother chasing it up, but surprising to see other people saying the same thing, maybe I will
Comment by khaledh 1 day ago
Comment by gumby 17 hours ago
There are two relevant laws. One controls gift cards and credits, which in California are valid for a minimum of 10 years regardless of what the company may say. Companies make a surprisingly significant amount of money on selling credits and expiring them from their balance sheet.
The second law is a requirement that they issue itemized receipts. If they can’t give you an itemized accounting of how they managed your money (because, as noted above, it’s your money until you spend it) that’s fraud.
Have fun!
Comment by achille 1 day ago
Comment by OutOfHere 1 day ago
Comment by mrtksn 1 day ago
Comment by kingstnap 1 day ago
You can setup limits though to minimize loss. For example you can say auto reload $5 when your account hits $5 with an absolute monthly limit of $40. Then you don't have risk of losing more than the roughly ~$5 you have in an account.
Comment by mrtksn 1 day ago
Comment by kingstnap 1 day ago
It would be interesting to see something like:
$100 credits and $13 in taxes refunded as
$97 in refund after merchent fee + $12.61 as reversed taxes.
It's objectively better than nothing for sure. But the thing about this is such complicated nuanced solutions tend to get not done.
Comment by wat10000 1 day ago
Comment by pshirshov 1 day ago
Do they care?
> $379 spent on credits in July alone
Still heavily subsidized, you should be thankful they let you use a bit of their compute.
> July 9. My Codex balance - 491.8 credits - vanished to zero.
Well, someone failed a couple of RAFT cornercases. Happens. They are smart boys and will (eventually) make their RAFT consistent.
> Then I asked one simple question: what exactly did I pay for?
You financed development of AGI which will be here soon (er or later) and will make you happy.
> If you prepay OpenAI for credits, know this: if they ever disappear, the company’s official position is that you are not entitled to know where they went.
It very well might be they also have no idea. In a multi-trillion industry your personal signal is just some noise well below noise level.
Also, if you are unhappy with OpenAI - try Anthropic and don't be surprised when you waste $200 in API credits in TWO single requests (not prompts). If you are not happy with Anthropic - give Kimi a try, they still could surprise you even after Anthropic.