If you’re looking for something unique to offer your prepaid cardholders, then you’re at the right place at the right time. Here’s why:
Cashback credit cards are nothing new. Joe uses his card, pays his bill, and Joe earns cash back.
Cash-back prepaid cards are quite a bit rarer, but still exist. Joe funds his card, uses his card, and Joe earns cash back. Typically with prepaid cards, the cash back is much lower and is often restricted to a small group of merchants.
But there’s a very unique type of prepaid card that is extremely rare. It can help build your prepaid business faster than you expected, because it encourages spending and sharing and makes your users very happy.
And it works like this:
Joe funds his card and uses his card. Joe tells a friend, Sally. Sally funds her card and uses her card. Then Sally tells a friend, Ken. Ken funds his card and uses his card. And on and on.
And cash is earned by Joe on all of those transactions and many more.
It’s not a cash-back card. It’s a FriendSpend card. Cardholders earn cash on the spend of all the friends that they refer (and the friends that they refer, and so on for six generations).
If you are starting a new prepaid program and are looking for a unique benefit, this just might be the differentiator that sets your program apart from the rest.
FriendSpend is an available option for our Guaranteed Profit GPR plans and comes with everything else that makes Cascade FinTech your preferred program manager.
- Industry-leading customer service, so that you keep the customers you worked so hard to get, and so that they come back to spend more.
- Unparalleled Multi-Layer Fraud Mitigation.
- Rock-solid technology, powered by Amazon AWS.
Email or Call us to discover how our unique FriendSpend program can help grow your card program faster than you thought possible.