Federated Payments Canada, a leading international provider of credit card processing and related merchant account services for independent business owners, announced today the launch of its gift card program to help Canadian merchants acquire new customers and increase their profits.
From large retail chain stores to local businesses, more and more merchants are offering gift cards as an option for their customers. Gift cards are a valuable tool which can be used to build awareness, increase revenue and profits, introduce new customers to your business and eliminate cash refunds keeping the money in your business.
Federated Payment’s CEO, Jon Levitt, explains, “Offering gift cards to your customers is a highly profitable business strategy. If you purchase a packet of 100 gift cards and your average gift card sale is for $50, the business could potentially generate $5,000 in revenue. If you run at an average of a 50% profit margin, you have just earned $2,500 of pure profit in your pocket. Plus, once a customer purchases a gift card, the money is yours, even if the card goes unredeemed.”
John Guirguis, Federated’s president, adds, “Federated Canada makes integrating gift cards into your business a fast and easy option. From creating cards with your customized logo to account activation to instant retrieval of all card information, we provide our merchants with a turnkey, value-added solution to increase their revenue stream.”
About Federated Payments Canada
Federated Payments is a leading international provider of processing solutions and related services for independent business owners in Canada. Federated takes a consultative approach in developing long-standing relationships with our merchant customers, Independent Sales Offices and Cash Advance Partners enhancing the way they do business. Federated offers a diverse suite of cost-effective solutions that include credit and debit card processing, equipment leasing, gift and loyalty card programs, cash advances and check approval services as well as its industry-leading Agent Partner Portals. Headquartered in Ottawa, Ontario, Federated Canada is a single source for the full range of electronic payment services. For more information, visit at http://www.federatedcanada.ca .
Filed under: Chain Stores, Mobile Payments, Retail Formats, Retail Technology | Tagged: business strategy, Canada, cash refunds, Chain Stores, Credit Card Processing, electronic payment services, federated payments, gift card program, merchant account services, Ontario, Ottawa |