Gift Cards

Gift Cards

Merchants can offer their customers gift cards through a service that allows them to customize cards with their brand, issue cards at the point of sale (POS), reload cards, and process gift card payments. The solution may also allow gift cards to double as loyalty rewards program cards or to send digital “eGift” cards.

Why It Matters to your customers

Gift cards continue to be the most requested gift item and popular, go-to option for corporate gifts, birthdays, and holiday shopping. They are also an option for consumers who don’t want to carry cash but don’t use credit cards. Consumers have the expectations that a merchant will offer gift cards, and they also expect the user experience to be simple, convenient, and seamless—whether using the card at the location where it was purchased, at another location, or online.

Gift cards are also a revenue-booster. They foster new or repeat business, and research shows that the majority of the time the gift card user spends more than face value of the card. Merchants can also use gift cards as a loyalty program reward that can bring traffic back to brick-and-mortar locations. Gift card sales are revenue first, inventory adjustment later, so they may give merchants some capital to use for an upcoming order or business investments.

Why Gift Cards is an Opportunity

Merchants of all sizes are adding gift cards to their offerings, so don’t discount SMBs as prospects. Any business may be looking for an upgraded solution that will result in an easier, hassle-free customer experience. A managed gift card service can provide security measures that help the merchant combat card fraud and may include a customer portal where gift card holders can check their balances.

Bundling gift cards with other merchant solutions can provide your customers with a valuable service while increasing recurring revenue and creating a sticker business relationship with you.

Gift Card Vendors

It’s important to note that the vendors listed below provide gift card functionality differently. For example, some are payment companies (green) that can process gift cards and offer a gift card program. The costs and potential recurring revenue will differ.

Other vendors are POS software companies that include gift card functionality with their software. Again, the costs and potential recurring revenue will differ as some may include gift cards with the standard cost of the system while others may charge additional fees.

Finally, there are those companies known to be stand-alone gift card, loyalty, and marketing solutions. The exact cost and potential recurring revenue will differ. These are noted below with an asterisk (*).

Regardless of how gift card programs are implemented, there will always be potential recurring revenue from the sale of gift card media itself.

In the near future we’ll be conducting a thorough comparison of these vendors to provide more clarity around which create additional recurring revenue streams and which provide the gift cards as a value-add.

Gift Card Trends & Case Studies

Gift Cards

Now’s the Perfect Time to Talk to Your Customers About Gift Card Solutions

What is the top gift card-giving occasion? Spoiler alert: It’s not Christmas.
Gift card

Must-Have Gift Card Solution Features for the Holiday Season

Upgrade gift card solutions to address changes in consumers' preferences and the expanding threat landscape.
Gift Card Programs

Gift Card Solutions: Add Value to This Value-Add

See how gift card solutions with broader feature sets can help your clients build their businesses and enhance CX.
Gift Cards

Top Reasons You Should Sell Integrated Gift Card Solutions

Your clients expect solutions that work together, streamlining processes, saving time and positioning them more competitively.

Why Gift Card Solutions Should be an MSP’s First Value-Added Service

Many retailers are looking for updated systems that give them omnichannel functionality and the ability to differentiate their businesses.
Gift Card

5 Gift Card Mistakes VARs and MSPs Should Avoid

Gift cards can be a significant revenue stream for your clients if they have the right technology to support their business goals.

Recurring Revenue Best Practices

POS SaaS Growth

How a Growth Mindset Fuels MSP Success

Adopting a growth mindset requires organizational shifts and a change in individual thinking.
IT Asset Management and FinOps

Hybrid ITAM and FinOps: A United Approach to Cost Optimization

FinOps and asset management are both necessary for comprehensive cost optimization.
Distribution Partnerships

Are You Taking Full Advantage of Your Distributor Partnerships?

Distributors offer expertise, training, support, and a network that can benefit your business – if you take the initiative to learn what’s available.
Internet of Things

Beyond Shiny and New: Why Legacy Devices Are Key to a Successful IoT Strategy

The future of networking hinges on the ability to seamlessly interact with cutting-edge and legacy solutions without compromising security or performance.
Smartsourcing

Solve Staffing Shortages with Smartsourcing: A Win-Win for MSPs and Clients

MSPs can leverage smartsourcing to offer high-skilled talent to clients and expand their portfolio while reducing client costs and workload with minimal investment.
customer surveys

Tips for Selling Customer Survey Software

It’s time to take a different perspective and consider customer feedback less of a value-add and more of a necessity.
×