Exchange Gift Cards for cash.
Not all private label Gift Cards are created equal. Some you love and some, well, you look for an opportunity to re-gift. An estimated $750 million in private label Gift Card value goes unspent annually that could be put to better use.
With Ingo Money Gift Card Cash Exchange, unlock the value in private label Gift Cards so your customers can buy the things they really want and need.
Source: Gift Card State of the Union Study, CEB TowerGroup, 2014
HOW GIFT CARD CASH EXCHANGE WORKS
Access the secondary Gift Card marketplace via the Ingo Money GCX API and:
- Swipe or key a customer’s Gift Card with an unspent balance of $10 or more.
- Receive confirmation of the unspent balance and the cash exchange value
- Make a cash exchange offer to the customer
- Collect the gift card and request two forms of ID from accepting customers
- Provide the cash value to the customer or apply the value to a secondary account funding or bill payment transaction
BENEFITS
With Ingo Money Gift Card Cash Exchange:
Help your customers access the cash they need to buy the things they want.
Fuel demand for secondary transactions like card account funding and bill payment.
Assume no risk or liability on any Gift Card Cash Exchange transaction.
Earn a commission on Gift Card Cash Exchange transactions.
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