Services: Gift Cards
When you start a gift card program for your business, you'll be able to:
- Acquire New Customers — Gift cards can bring new customers, increasing both overall revenue and incremental sales. They can also increase the frequency of visits as the average card is used 2.5 times.
- Enhance Cash Flow — Gift cards are prepaid before you provide goods and services. You can invest these prepaid dollars in your business.
- Build Brand Awareness and Loyalty — Gift cards are advertising billboards in the consumer's wallet. They can be reloaded with value, thereby encouraging repeat business.
- Increase Store Sales — A national survey reported 56% of consumers spend an average of $20 more than the initial face value of the gift card.
- Eliminate Cash Back — Gift cards allow partial redemptions with no cash back as the balance remains on the gift card. They can be issued in exchange for returned merchandise — thereby reducing fraud.
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