Frequently Asked Questions
Membership Wallet Master
Memberships are one of the most powerful ways to not only generate new business but also retain existing customers. A well curated membership can provide a continuous revenue generating stream for your standalone or chain of outlets while giving customers value for money through add-on value benefits.
Membership can be divided broadly into 2 types. A more traditional way of giving membership is tier based discount membership. Another way in which more revenue is focused could be the Membership Wallet.
This can be correlated with a prepaid membership where a customer pays a sum of value and a percentage of value is added to the overall available spend value. For eg. the customer pays a value of 10,000 but in lieu of this they get a load value 12,000 to spend.
Benefits for the customer
- Pay X amount- Get X+ % of Load Value to spend
- Redemption on every visit spent
- Secure OTP based redemptions
- SMS notification on balance amount
- SMS notification before expiry
- Carry forward balance on next recharge
Benefits for the business
- Get instant top-up revenue on Membership Wallet Sales
- Assuring next customer visits
- Long term customer engagement
- Avoid the hassle of daily management of payment transactions
Get in touch with Invoay Helpdesk for planning and implementation of Membership Wallet for your business