Digital Rewards Providers
Best Digital Rewards Providers include:
Tango Card, Xoxoday Plum, Runa, TruCentive, All Digital Rewards and Blackhawk Network.
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What are Digital Rewards Providers?
Digital rewards providers offer platforms where businesses can give digital rewards to their customers and employees. These types of platforms may also be called incentive platforms, gifting platforms, or rewards and incentives software.
These rewards take the form of digital prepaid cards, e-gift cards, e-vouchers, e-rebate cards, or points. They can be redeemed for products, services, travel, dining, and entertainment or used to make charitable donations.
Digital rewards providers help to expedite the launch of rewards programs. The providers assist with the design, build, and launch of consumer, channel partner, and employee incentive and rewards programs. They support the management, sourcing, fulfillment, tracking, and reporting of these programs. These platforms often offer APIs that can integrate reward fulfillment into a client’s app or website.
Digital rewards are used by businesses as marketing incentives to increase customer loyalty and engagement and to incentivize, recognize, and reward their employees. Thus, digital rewards platforms may be used by HR departments, Sales teams, and Marketing teams. Digital rewards are immediately available for use by the recipient.
Digital Rewards Providers Features
Digital rewards providers will offer many of the following features:
- Provides sourcing and fulfillment of digital rewards
- Digital reward offerings - prepaid cards, e-gift cards, e-vouchers, e-rebate cards, points
- Program management
- Custom solutions
- Personalization
- Participant portals
- Consumer incentive management
- Employee incentive management
- Sales incentive management
- Channel partner incentive management
- Rebate management
- Fraud protection, reward validation, and processing
- Electronic distribution, email, SMS
- Redemption tracking, customer behavior analytics, and reporting
- API’s for integrating reward fulfillment into client apps and websites
Digital Rewards Providers Comparison
Consider the following when engaging a digital rewards provider:
- Use Case: Are you in the market for a digital rewards program for your customers, channel partners, or employees? Some providers offer health, wellness, workplace safety employee incentive award programs in addition to more traditional sales incentive programs. What platform features are provided to facilitate aligning customer behavior, partner, and employee outcomes to the granting of rewards?
- Customization and Rewards Options: How much customization will your program require? Does the provider offer a range of reward choices that best suit your customers, partners, and employees?
Pricing Information
Some vendors provide a custom price quote based on your incentive and rewards goals. Providers offer pay-as-you-go options based upon a percentage of the reward value, the number of awards granted, or the number of team members. Others offer yearly flat-rate pricing based upon the features and volumes supported, ranging from $2,000 to over $10,000. Free trials are available.
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Frequently Asked Questions
What do Digital Rewards Providers do?
What are the benefits of using Digital Rewards Providers?
- Quickly launch incentive and rewards programs
- Rewards are instantaneously available to the recipient
- Promotes customer loyalty, engagement, and sales
- Boosts employee motivation and loyalty, increasing employee productivity and retention
- Strengthens relationship with channel partners
What are the best Digital Rewards Providers products?
These are some of the popular digital rewards providers: