An easy way for consumers to earn cash, cashback is offered by many websites and credit card companies today. Customers shop like normal, and they are paid a small amount of money for it. While cashback does not make anyone rich in a week, month or even year, it does incentivise purchases. To verify that your promotional campaign will provide you revenue, it’s recommended building a redemption table. You can download our free redemption table template to estimate the ROI faster.
You can also integrate your payments with a digital wallet like Paytm which runs amazing cashback offers for the customer. Whenever a customer pays via scanning Paytm’s QR code or by wallet gets an instant cashback as per the running offers. These offers will ease the payment process for your customers and will also make them happy about receiving an instant cashback.
The idea is that customers provide their bank account details in order to receive the corresponding cashback. Also, commonly cashback is managed through a website created by your company. Here, it’s included information as the promoted products, the deadline to get the cashback, the form to participate in the promotion, terms & conditions, among others.
Cashbacks are an amazing way for shoppers to make money they wouldn’t otherwise make and they are a great opportunity for businesses to increase sales and grow. Also, since they require consumers to provide data to process the claim, cashbacks can provide businesses with valuable consumer-related insights.
Additionally, these customers benefit from priority boarding, discounts on in-flight refreshments and snacks, and flight upgrades. This motivates them to spend more and more using their rewards credit card (they can generally afford to do that), which can help any business including yours to increase sales and revenue.
Use Paymyindia app & take charge of all your transactions to grow your business
Copyright @2023 Paymyindia . All rights reserved