Electronic bounty card provider eGifter has launched a fresh incentive program for customers who want to pay with bitcoin, dogecoin or litecoin: a 3% discount te redeemable prizes on such purchases.
The eGifter Points program, officially launched today by the Fresh York-based company, skews discounts favorably toward the company’s decentralized payment options.
Customers te the prizes program only receive a 2% discount for using PayPal, and 1% for using credit cards to buy eGifter cards from major merchandisers.
Tyler Rowe, eGifter’s co-founder and CEO, said:
“Because cryptocurrencies cost less for transactions, wij’re excited to be able to offerande higher comes back for those purchases to encourage extra usage.”
Discounts for bitcoin
It is becoming increasingly popular to offerande discounts for consumers that use digital currencies such spil bitcoin, spil there are fewer fees and potential risks for merchants – who can pass savings on to customers.
Mobile bounty card provider Gyft offers a similar prizes strategy. It has bot suggesting a 3% points prize on bitcoin bounty card purchases for some time, albeit Gyft only accepts BTC.
CEO Vinny Lingham has spoken publicly about his company’s diminished fraud exposure with transactions ter bitcoin, one of the reasons Gyft is able to offerande bitcoin discounts for its customers.
Another suggesting called Coin for Coffee also exemplifies the cost savings of using digital currencies. With that program, a user can buy discounted Starbucks drinks with bitcoin, and leftover money from each transaction is returned to the user shortly thereafter.
Founded te 2011, eGifter began using Coinbase to accept bitcoin payments last September. Earlier this month, the company partnered with processor GoCoin to accept dogecoin and litecoin spil well.
At the end of last year, eGifter received $Two.2m ter venture capital funding, the majority of which came from $1.7m te an vishaak round. The company has mobile apps for bounty card transactions available te the Apple App Store spil well spil the Google Play Store.
eGifter offers more than 150 electronic bounty cards from retailers such spil JCPenney and Lowes, spil well spil restaurant chains like Domino’s Pizza and Chili’s.
Picture via eGifter
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