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Gift Cards 🤝 Store Credits When we architected the Medusa Gift Card feature, we intentionally introduced something really powerful with it - Store Credits 💪 Store Credits are essentially digital wallets within your store that your customers can then use to make payments. When your customers redeem Gift Cards, they get converted to store credits. Store credits are a tried and tested way to increase revenue. 💰 This mechanism also allows us in the future to unlock more avenues for loyalty - rewards, cashback, points and the lot. Super excited for this plugin! I think it unlocks a goldmine of features 🚀

For many, gift cards aren't just extras; they impact where they shop. 🛒 As consumer prices rise, the value of loyalty and gift cards has soared, influencing the bond between customers and retailers. 💳 📊 Fiserv's Q2 2024 Gift Card Gauge report reveals that 74% of consumers took advantage of gift card loyalty perks in the last year. While 71% utilized merchants' apps for rewards or gift cards. 🛍️ Let's keep those perks coming! Check out the article below ✨ 🔗 https://hubs.ly/Q02wRSwh0 #GiftCards #LoyaltyPrograms #RetailTrends

💳✨ Gift Cards: The Billion-Dollar Trend 🎉 In just 5 years, the global gift card market has skyrocketed from $372 billion in 2018 to nearly $1 TRILLION in 2023! And it's not stopping there—experts predict it could hit a staggering $2.3 TRILLION by 2030, growing at a solid 12.5% annually. So, what's fueling this boom? Convenience is king: Digital and e-gift cards integrated with mobile payment systems make gifting seamless. Retailers are cashing in: They use gift cards to boost loyalty, brand love, and upfront revenue. Gift cards aren’t just about presents anymore—they’re transforming industries. #GiftCards #DigitalTransformation #MarketGrowth #RetailTrends #CustomerLoyalty

The competition in the retail business is increasing rapidly! As a matter of fact, the retail industry is expected to reach $47.24 trillion by 2029. With such a competitive market, much more efforts are required to keep the revenue, sales, and customer base moving up. That’s where the prepaid gift card solution takes a front seat to help you with it. Why? Because prepaid gift card offers; → Smarter way to make payments  → Enhanced convenience and speed  → Rewards, discounts & other incentives This helps you to attract more customers and for existing customers to keep coming back to you. All these ultimately sum up to increased sales. Read this blog to discover how to boost your retail sales with prepaid gift cards!  https://lnkd.in/duJ6qpXz . . . . . . #digipayguru #prepaidcard #prepaidcards #prepaidcardsolution #giftcards #prepaidgiftcards #cardissuance #cardmanagement #digitalfintechsolution #fintechsolution #retail

🎉 Exciting News: SELP Partners with Ncentiva to distribute IKEA Gift Cards! 🎁 We're thrilled to announce an exciting collaboration with SELP to bring you IKEA gift cards “To create a better everyday life for the many people.” At Ncentiva, delivering maximum value is our top priority, and this partnership showcases our dedication. Here's what awaits you: 🤝 Partnership Perks: Discover how our collaboration with SELP can elevate your payout solutions. Whether you're a business aiming to enhance employee rewards or bring VALUE your payout methods, we're here to fuel your growth. 💰 Bonus VALUE: Enjoy bonus value of up to 10% on select gift cards as a special treat. That means even more savings and rewards for you! 🛍️ Expanded Selection: Dive into our extensive range of over 300+ gift cards, featuring top brands like Prepaid Mastercard and Visa. Whether you're treating yourself or hunting for the perfect gift, we've got something for everyone. Ready to experience unmatched value and convenience? Reach out to us today! #Ncentiva #IKEA #GiftCards #Value #Partnership #PayoutSolutions #BonusValue #Savings #Reward #Fintech

A key feature of QPay prepaid cards is that they are usable in multiple stores. Typically, when you buy a gift card for a loved one, it will be only usable in that specific store. For example Boots, The Fragrance Shop, Apple, etc. All of these gift cards can only be used in their respective stores. However, what sets QPay apart is that their gift cards can be used universally and are not limited. QPay's cards are compatible with any location displaying the VISA or Mastercard logo. As such, consumers have a lot more freedom to redeem their rewards. It also means you can spend parts of the reward at different retailers as you desire. https://lnkd.in/eheV-Kcw #flexible

🔵 Payecards offers both physical (plastic) and virtual prepaid cards. The physical cards are available for purchase at various retail outlets, and they function similarly to gift cards. Users can load funds onto them and then use them to make purchases online or in-store at participating merchants. 💻 Virtual cards, on the other hand, are digital versions of Payecards that can be purchased online. They are typically delivered via email and can be used for online transactions just like physical cards. Virtual cards are convenient for those who prefer to manage their funds digitally or for situations where a physical card is not needed."   #Payecards #Innovation  #Finacialsolutions #Staytuned  #FutureOfFinace  Payecards.com

Don't lose sales because customers can't decide on the perfect gift 🎁 Modern shoppers easily switch between brands, so if you don't offer an alternative to product purchases, every indecisive customer becomes a lost sale. #Giftcards are here to help you retain these customers, increase #AOV and reduce #churn. In 2023, the global gift card market was valued at around $448 billion, and by 2025, it’s expected to soar to $510 billion (Statista). Discover how Voucherify can help you increase #revenue with personalized and branded gift cards ⬇️ 🔗 Explore our inspiration library, featuring ideas of how #promotions and #loyalty can be used to achieve strategic goals: https://lnkd.in/dP2uhr2V  

It's 5 to 25x more expensive to acquire a new customer than to retain one. Rewarding loyal customers with gift cards for exchanges will increase LTV! #ParcelPanelReturns #PanelPanel #PostPurchaseSolutions #Ecommerce #DTCBrands #LTV