Knowledgebase
vBarter - Loyalty Program
Posted by Bruce Kamm on February 04 2014 10:33 PM

VirtualBarter has a built in Loyalty Program, which stimulates trade spending by enabling members to fund a consumer loyalty program with their trade dollars and transfer trade to consumers.

The Loyalty Program can be enabled on the Exchange Settings page from the Exchange tab in manage.vbarter.com. Consumer reward cards can be branded with the retail establishments logo.

When enabled, it provides members with the ability to become the buyer in a point of sale transaction, whereby the cardholder becomes the seller instead of the buyer.

Using the loyalty program provides exchanges with an Enterprise or above subscription level, with the added feature of selling loyalty reward dollars (trade dollars) to members that they can then transfer to their consumer customers so that consumers can use their loyalty rewards to purchase offers in an exchange.

Ideal for members with significant trade balances looking for addtional ways to use their trade to stimulate cash sales. Perfect for furniture stores and other retail establishments that have the ability to earn large amounts of trade, but have limited spending needs, as a typical rewards dollar purchase can average $50,000.

 

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