LONDON, February 1, 2017 /PRNewswire/ --
Digital gift card platform Reward Cloud have announced a major new partnership with Maple Syrup Media offering Quidco customers an incentivised 'cash out function'.
All Quidco users will now have the opportunity to convert their cashback credits into a digital gift card from their choice of top retail brands, with a minimum 5% uplift on their credit value (and as high as 20%).
Through the Reward Cloud's unique interface, Quidco customers will be presented with a menu of brands with the corresponding uplifts to choose from. The cash out function converts their £100 cash to £105, or £110 credit, depending on their choice of preferred retailer, ready to spend in-store or online- immediately. And for the retailers, the cashback is recycled back into their stores; driving revenue and sales, developing brand loyalty and reaching out to a whole new potential customer base.
Win-win all round then? Ido Padani, CCO from MSM explains; "Our business is built on constantly evolving our proposition to reward members. This new partnership will allow an extra level of versatility when it comes to cashing out, putting an emphasis of providing more choice and value for our members. This is just one of many additional ways we're currently working to ensure our members have the best possible on-site experience."
This deal with the UK's leading cashback site represents how the digital gift card industry is being revolutionised, with Reward Cloud at the forefront of this exploration of new and exciting distribution channels for retail partners.
Gareth Gillatt, CEO and Co-founder of Reward Cloud adds, 'We're excited about working with Maple Syrup Media because it showcases how a digital gift card can be utilised in a completely new channel. It proves that a digital gift card programme can be immensely valuable for retailers, dispensing a variable value in real time.'
Note to Editors:
About Reward Cloud:
Launched in 2016, Reward Cloud was founded by Gareth Gillatt and Alex Preece, who previously founded daily deal company Local Daily Deals before selling it to MoneySupermarket.com in 2011.
A unique proposition in the digital gift card sector, Reward Cloud works through one simple API connection to generate and send digital gift cards to recipients on demand, instantly. No more waiting for a physical delivery, just instant gratification for the recipient.
Quidco was launched in 2005 by Paul and Jen Nikkel, Maple Syrup Media built its reputation as cashback pioneers with Quidco. We've since consolidated our credentials in the UK with grocery and travel specific ventures, CheckoutSmart and EarnAway.
Our burgeoning team, based in London, Sheffield, Berlin, Paris and Durban, now operates Europe's largest portfolio of cashback and loyalty platforms. To date Maple Syrup Media has returned over £370 million cashback to customers and generated over £6.5 billion in incremental sales for retail partners.
SOURCE Quidco and Reward Cloud