7 Easy Ways To Make CHIPOTLE GIFT CARD Faster

Gift cards continue to grow leaps and bounds allowing retailers which have implemented a program because of their stores to reap vast benefits. Free Chipotle Gift Card Balance Actually, total spending on gift cards in 2012 nearly reached $30 billion with around two-thirds of all American consumers having purchased a minumum of one gift card.

It is mainstream and it’s not for the holidays anymore. While nearly 2/3rds of most consumers have purchased gift cards for someone round the holidays, over 80% of most consumers have purchased something special card as a birthday gift. No longer should retailers simply depend on the holidays for their sales – though sales at the moment are concentrated – the sales are available throughout the year.

Gift cards are convenient, secure, and become a branded “billboard in a wallet”. In multi-unit retail outlets, they keep carefully the money within the store network and with gift cards, retailers will gain more name recognition and exposure available on the market, further widening its existing customer base. To further the case, it’s not just for the brand awareness, it increases the top line because the average gift card user eventually ends up spending a supplementary 20% beyond the worthiness of the card.

Why Gift Cards? Some retailers may still use punch cards or paper certificates and while these programs may have advanced their loyalty program up to now, plastic gift cards outsells paper certificates from 2 to 10 times as much. The electronic concept is among the most medium of preference for retailers and merchants in the united states. On the list of significant reasons are:

No Cash Back – the worthiness remaining after partial redemption stays on the card ensuring additional opportunities to solidify the guest relationship.
REAL-TIME Processing – virtually eliminates both the losses associated with paper gift certificates and costly tracking and accounting.
Offering a gift card is very similar to supplying a new product item – without needing to learn complicated handling procedures, training procedures, and tie up valuable space for storage. It will help gain new customers – friends or associates of your existing customers – and the card program ought to be viewed as a revenue generator.

Logistics: A processing terminal is required to run the gift card program. Usually your credit card company can help you choose a terminal that will meet your needs and budget. Most gift cards use a host-based computer system to store the value of the cards because they are sold and redeemed. Simply load and redeem the cards with a charge card terminal that accesses the host computer. This host-based system enables the gift card to be sold and redeemed at all participating locations (if applicable for multi-unit operations). Here’s generally how it works:

Consumer purchases the gift card for any amount using cash or credit card – the clerk executes the sale via normal payment procedures on the register
Amount of the “gift value” is loaded and stored on the host database by swiping a magnetic strip card through a credit card terminal
Customer receipt shows balance on card – updated in real time
The card can be reloaded and may be used multiple times

Swiped through credit card terminal for host authorization
No cash return – customer receipt shows real-time card balance
Pooling: For multi-unit operations, as your cards are redeemed within other participating stores and other stores’ cards are redeemed within your store, the redemption amount is transferred at a specified time electronically. That is called pooling. All transactions are accounted for electronically in the database and activity reports. All pooling activity is documented, itemized by card with an overall summary and redemption amounts are transferred between locations via the Automated Clearing House (ACH) network from each location. The ACH network is the same system banks use to go money as regulated by the Federal Reserve. All activity is recorded electronically on the terminal and host computer as time passes and date stamp for audit purposes. A terminal gift card batch report itemizes transactions for reconciliation.
Marketing & Merchandising: With suggestive selling and merchandising, the gift card will generate additional revenue. The demand is strong year-round, especially at the different holiday times over summer and winter. Birthdays are the most popular reason to buy a gift card – each day is someone’s birthday! Similar to activation, the cardholder can buy additional value or “reload” the card for any amount at any participating location. This is great for regular guests. The gift card could also be used internally for credits. For example, in lieu of cash return on a purchase return or perhaps a customer complaint, it is possible to issue a card for the worthiness of the credit. This keeps the purchase profit the retailers network.

Loyalty Programs: A loyalty card program uses the same host-based computer system to store the worthiness of the loyalty cards as the gift card. You can load and redeem the cards with a credit card terminal similar to the gift card with the only difference being you could only add/redeem points to a loyalty card, not dollars. Similar to the gift card, the loyalty card earns points and is redeemable at all participating locations. An average loyalty program works something like this:

Enrollment – Consumer enrolls by completing a loyalty application.
Staff reviews for eligibility and ensures the loyalty card number is recorded on the application.
Consumers will earn X point per $ spent when they initially enroll and ongoing.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>