Having observed the widespread adoption of gift and phone cards, merchants are embracing new forms of stored value in other areas of their business.
Encourage your customers to visit more often. Use reloadable convenience cards to reduce the costs of handling cash for small, repetitive purchases.
Simplify the return process and preserve the revenue you already earned. Allow your customers to receive funds for returned items on a stored value card for future purchases.
Award rebates on purchases, enticing cardholders to return to the store and purchase merchandise from the accumulating value on the card.
You are not limited to dollar based Stored Value. You can also store any form of product or service. A bike shop rewarding repeat customers with a free tune-up or store the oil change from your car dealer for example.
A Stored Value card can be easily combined with a Gift, Loyalty, or Activity card services using a single card, resulting in repeat visits, increased spending, and word-of-mouth advertising.