Businesses often desire to have the option to sell gift cards to their customers. Since gift cards can be given to another person to use at a different time, it’s essential to track these sales in a liability account until they are used against a future purchase. Selling, tracking, and using gift cards inside iPoint is easy.
The Sound Room in Chesterfield, Missouri, uses gift cards often inside their retail storefront. A customer simply purchases a gift card, then the system captures that gift card’s unique tracking number, and the sale is complete. When a customer comes back in to redeem the gift card, iPoint has the opportunity to use the balance to be redeemed on a new purchase.
“It’s pretty straight forward,” explains Jared Lange, Electronics System Designer at The Sound Room.
“We generate the gift cards, and it’s pretty simple to track and redeem. iPoint just makes it another payment option, so on the sales side of things, it’s straightforward to use.”
The feature also allows gift card balances to easily be looked up, and new reporting options show gift cards sold with their original amount and current balance.
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