Why would you pay for something that you or someone else may never use?
Only paying for gift cards that are used can help individuals and businesses better control their spending and avoid overspending on unused gift cards.
BizGift™ pay-on activation allows you to buy customized, personalized cards in large quantities - with real value attached to them. As a result, you are eliminating overspending and ensuring that your money is being used effectively. In addition, you are preventing the loss of value from unused gift cards.
Another benefit of BizGift™ is that our platform will help you track customer interests and usage. By purchasing BizGift™ cards and only paying when activated, you can better understand customer demand and the value you are adding to your prospects.
While buying in bulk can seem like a cost-effective option, it's essential to consider the potential for waste and weigh the cost of the discount against the potential for unused gift cards.
Sure, buying in bulk is always a cost-effective option. This is because many businesses offer discounts for bulk purchases, so buying a large number of gift cards can seem like a good `financial decision. But it's essential to consider the potential for waste and weigh the discount's cost against the potential for unused gift cards.
Let's put this in perspective:
According to the data, younger adults are most likely to have unused gift cards, vouchers, and store credit, with over 50% of Generation Z consumers holding on to an average of $149 per person. About 52% of millennials hold on to an average of $226 per person.
Many American adults have unused gift cards or vouchers, with around half the population holding onto an average of $175 each. This is an increase from $116 in 2021. When extrapolated to the entire population of U.S. adults, this amounts to a total of around $21 billion, according to CreditCards.com.
Younger adults, specifically those in Generation Z and millennials, are more likely to have unused gift cards, vouchers, and store credit, with over 50% of Generation Z holding onto an average of $149 per person and 52% of millennials holding onto an average of $226 per person.
Conclusion
In conclusion, only paying for activated gift cards can be a smart financial strategy for you and your businesses. It allows for better spending control, prevents loss of value from unused gift cards, and helps you track customer interest.