Why Customers are Huge Fans of Rewards Programs

It’s not too hard to understand why customers love rewards programs. I myself can think of at least six stores that offer a rewards program. With customers spending money frequently it’s nice to receive something in return, this is what makes rewards programs very appealing to shoppers and retailers. Let’s dig into a few statistics! Saving Money! Firstly, and undeniably, consumers love the opportunity to save money or receive products on discounts. When consumers save, they feel more liberated to buy more. Studies have shown that about 22% of rewards consumers spend more on an order. Easy to Market Consumers prefer businesses that give back to them! In industry surveys, roughly 83% of consumers say that they are more likely to do repeat business where a rewards program is present than a comparable business without a rewards program. Consumers desire special incentives such as BOGOs, double rewards purchases, day of the…

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Payment Processing Partner

The 3 Things to Look for in a Payment Processing Partner

Your merchants don’t want to deal with hidden fees or get a robot when they need technical support. Neither do you. This is why it’s critical to thoroughly vet your processing partner for how they treat you as a “customer.” Are they only paying you out on a few revenue streams? When you call in with an urgent question is there a warm body on the other end of the phone? If you truly want to deliver the most value to your merchants you need to have a strong partner who treats you the way you deserve to be treated. These are the three things to look for in a payment processing partner: 1. Transparency for your Accounts AND You. If you’ve been in the payments industry for any amount of time you know that your merchants prefer transparency. No one likes to be saddled with hidden fees, early cancellation…

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