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Electronic Gift
Cards Today, electronic gift cards are very popular with customers. They
account for millions of dollars in sales annually. Merchants are learning the
sales power of these shopping conveniences for their customers.
At
CardPayment Solutions, we work with clients to create unique gift cards for
their business that builds sales, traffic and brand awareness. Each merchant's
gift cards are uniquely designed to be an extension of the store's brand. All
graphics are full color and can be any design you wish.
Boosting
Sales with Ease
One of the fastest growing sources of sales in the
retail industry today is the funds generated through gift cards. According to
the survey, on average, consumers received 2.5 gift cards during the holidays
with a combined value of $106.
Other key findings include: ·
81% received at least one gift certificate to a store or mall · 36%
received at least one to a restaurant/fast food establishment · 10%
received at least one that could be used at a variety of stores/establishments
(e.g., an American Express gift card) · 9% received at least one for
a personal service, such as a manicure
"The good news for
retailers is that roughly one in five (21 percent) consumers spent more than
the face value," said Tara Weiner, National Managing Partner of
Deloitte's Consumer Business Practice. "And if they spend more, they're likely
to spend nearly twice as much as the face value of the
card."
Shoppers, who spent more than the face value of the gift
card, spent a hefty 89% more than the average face value, $90 versus
$47.50.

Why You Need a Gift Card Program There are three
primary reasons you should institute a gift card program:
- Become Competitive
& Stay Competitive
Competitors are already in this market and are
very successful with gift cards
- Building the Customer
Base
Often, gift cards are purchased by current customers who give the
cards to non-customers. Redemption of the cards by previously non-customers
introduces these customers to your business and helps to build the customer
base.
- Gift Card Programs
are Very Lucrative
Nationally, 10 - 12% of the value of gift cards is
not redeemed. Why? There are several reasons: Cards are lost; people forget
they have them; they use the bulk of the value and fail to redeem the few
remaining dollars; or the cards are given to someone who is not geographically
close to a redemption point.
- Gift Cards are the
Foundation of Great Promotions
Great Promotions always brings traffic
to your store and builds sales. Gift cards can be the tool to drive more money
through your cash register. At CardPayment Solutions we've got the exciting
gift-card-based ideas to use your gift cards for winning
promotions.
CardPayment Solutions
Handles All the Arrangements
CardPayment Solutions will handle all
the arrangements for you to distribute and redeem gift cards. These gift cards
would be specific to your company and could not be redeemed by other
merchants.
Dollar value for individual cards can be assigned at the time
of sale, so that the value can change as requested by your
customers.
Customers redeem the card by presenting the card at the time
of purchase and the gift card is processed through the same terminal as a
credit or debit card. Any value remaining after a purchase remains on the card
and is available for future purchases thus encouraging recurring business with
your gift card-holding customers.
These gift cards will be designed with
custom graphics. This allows you to make the cards look unique and tie to the
store's existing colors and graphics. Your gift cards will become a powerful
marketing tool and enhance your brand awareness.
Card Payment Solutions
supports gift cards on most swipe terminals and all of the POS systems shown
below:
· Aloha Table Svc (v 5.2.5.12 to
5.2.72 w/IBER Functions installed) · Aloha
Table Svc (v 5.2.73 to 6.0 w/IBER Functions installed)
· Aloha Table Svc (v 6.2 to 6.4 w/IBER
Functions installed) · CDX-32 (w/OPTiCard
Interface) · IBM StorePay 4690 (w/Dealer
Interface) · Innovax (w/Dealer Interface)
· MICROS 3700 (v 4.0 & Up w/OPTiCard
Interface) · MICROS 3700 (v 4.0 and up
w/Dealer Interface) · MICROS 3700 (v 2.6
SP8 Hotfix 4 w/Dealer Interface) · MICROS
9700 (v 3.2 & Up w/OPTiCard Interface)
· Maitre D' (v 2005 SP4 w/OPTiCard Interface)
· NCR 2127 (w/Dealer Interface)
· POSiTouch (v 5.23 to 5.32 w/OPTiCard
Interface) · Triversity SD8 (w/Dealer
Interface) · Squirrel (w/OPTiCard
Interface) · eProcessing Network
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