Closed Loop program
A Closed Loop Program means your cards can only be used in your store or stores. You can resell or distribute these cards as needed.
Benefits:
Gain new customers and reduce returns and refunds
The receiver of the gift card will often not be a regular customer of your store. So selling gift cards provides an opportunity to build relationships with new customers and guarantees return customers to your business
Increased sales
Shoppers who use a store gift card spend on average 30% more than the value of the card
Free advertising
Customer's see your store name on their gift card. It’s another way to brand your business
Links into existing Eftpos system
No need to upgrade your current Point of Sale system.
Easy tracking and reconciling
Check reports online for how many cards sold, amounts not redeemed and where they have been used (for multiple stores)
Security
Gift Cards unlike gift vouchers can be displayed, because they hold no value until loaded
Increase impulse purchases and never loose a sale to an indecisive customer
When you strategically display your range of gift cards you can suggest a gift card to your customer if they can’t find that perfect gift
Extend your product line
Gift cards are new merchandise that you can sell to your customers, effectively extending your product line. Gift cards in the USA account for 20% of the gift purchase market and are becoming their number 1 or 2 sellers