djamal-soft
الاثنين، 21 مايو 2018
Co-Branded cards are those that bears the logo of an enterprise and is issued in partnership with an issuing company. It is specially aimed at getting more customers and clients in the very competitive retail business world. Examples of these businesses are: gas stations, coffee shops, mini marts, supermarkets, shops, all these small retail businesses make use of co-branded cards.
Many issuing companies provide the services of producing co-branded cards, among them are American Express, Visa, Sierra Club visa, MasterCard. Retail businesses are mostly small forms and they include supermarkets, mini marts, shops, gas stations, car wash companies and many others. Store cards are most times confused with co-branded cards, unlike store cards which are used just with a particular store, co-branded cards can be used for other stores but when used in the retail store of which it bears the brand, special discounts and incentives are given to customers to encourage the use with this particular brand.
Benefits Co-branded credit cards provide small retail businesses with a different source of income. For every time a Co-Branded card is used, a portion of the profit is shared between the issuing company and the business venture. This helps to build the retail business. With normal credit cards, the whole amount would normally go to the lender and the issuing company in cases of prepaid card programs. With the co-branded card programs, the profit generated is shared and the business venture get a part of it as revenue.
The very competitive retail world has push supermarkets owners, gas stations and shop proprietors to find ways of making their businesses stand out and stay unique. The use of co-branded cards have greatly helped in this aspect to conquer and eliminate competition. Prepaid cards are a good tool to attract consumers and clients to your business and it will it grow.
The huge competition in the retail industry pushes retail outlets and business owners to look for ways to attract more customers to their business, these Co-Branded Card program helps these business enterprises to hold up their competition.
With Co-Branded debit cards and prepaid cards, business owners can monitor their growth and the general demography of their customers without having to pay extra to a data company. Retailers can keep track and understand the needs of each clients spending habits, know what brands they prefer, and use it to serve the clients better.
It is worth mentioning that for every customer a business venture has using their co-branded debit card or any of the other Co-Branded payment cards, the ventures will be given a Spiff, which is a special bonus for everything new customer.
The use of co-branded cards allows the business ventures to easily get data on how their customers spend and gives more insight of the wants, demands and need of the customers. Hence, making the owners provide better and more reliable service to them and also it is more cost efficient. For every new client that get a card, the issuing company pays the business venture a certain amount called Spiff. This acts like an encouragement to do more and get more customers. With these source of income, the business will expand.
Many issuing companies provide the services of producing co-branded cards, among them are American Express, Visa, Sierra Club visa, MasterCard. Retail businesses are mostly small forms and they include supermarkets, mini marts, shops, gas stations, car wash companies and many others. Store cards are most times confused with co-branded cards, unlike store cards which are used just with a particular store, co-branded cards can be used for other stores but when used in the retail store of which it bears the brand, special discounts and incentives are given to customers to encourage the use with this particular brand.
Benefits Co-branded credit cards provide small retail businesses with a different source of income. For every time a Co-Branded card is used, a portion of the profit is shared between the issuing company and the business venture. This helps to build the retail business. With normal credit cards, the whole amount would normally go to the lender and the issuing company in cases of prepaid card programs. With the co-branded card programs, the profit generated is shared and the business venture get a part of it as revenue.
The very competitive retail world has push supermarkets owners, gas stations and shop proprietors to find ways of making their businesses stand out and stay unique. The use of co-branded cards have greatly helped in this aspect to conquer and eliminate competition. Prepaid cards are a good tool to attract consumers and clients to your business and it will it grow.
The huge competition in the retail industry pushes retail outlets and business owners to look for ways to attract more customers to their business, these Co-Branded Card program helps these business enterprises to hold up their competition.
With Co-Branded debit cards and prepaid cards, business owners can monitor their growth and the general demography of their customers without having to pay extra to a data company. Retailers can keep track and understand the needs of each clients spending habits, know what brands they prefer, and use it to serve the clients better.
It is worth mentioning that for every customer a business venture has using their co-branded debit card or any of the other Co-Branded payment cards, the ventures will be given a Spiff, which is a special bonus for everything new customer.
The use of co-branded cards allows the business ventures to easily get data on how their customers spend and gives more insight of the wants, demands and need of the customers. Hence, making the owners provide better and more reliable service to them and also it is more cost efficient. For every new client that get a card, the issuing company pays the business venture a certain amount called Spiff. This acts like an encouragement to do more and get more customers. With these source of income, the business will expand.
About the Author:
It is suggested that shops, gas stations to obtain Co-Branded Credit Cards as it will help their businesses expand and it must be noted that issuing companies like MasterCard and visa have the best prepaid card programs.
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