• Enhanced Revenue: A gift card guarantees a purchase within your
store. Additionally, most purchases are more than the value of the
card.
• Customer Loyalty: When a gift card is received, it ensures that the
customer will come to your store to redeem the value. This
increases return visits and customer loyalty!
• Slippage: $1 billion in gift cards go unredeemed. This is called
breakage or slippage. Because you don’t have to provide any goods
or services for unredeemed gift cards, breakage can be a profitable
spin-off with running a gift card program.
• Increased Security: Gift cards have no value until activated,eliminating the risk of theft.
• Improved Cash Flow: You receive payment when the card is
purchased regardless of when it is redeemed.
• Brand Promotion: Customized gift card designs increase brand
awareness by putting your logo or brand image in your customers’
wallets. It’s like a mini billboard for your business!
• Ease of Use: Gift cards are easy to use, making employee training
quite simple and making it a convenient payment method for your
customers.
• Reloadable: Unlike traditional gift certificates, customers can
reload money onto their gift cards as they spend the balance.