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Revolutionizing Customer Retention: The Rise of Digital Top-Up Cards in the Global Market

Retail TouchPoints

The global digital gift card market is expected to reach $724.3 Businesses also get a boost – a key advantage of digital gift cards is their flexibility. These brands have integrated top-up cards into their payment methods, attracting a broader customer base, including those without access to traditional banking services.

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[eCommerce 2021] A Step-by-step Guide to Customer Retention

lateshipment

Did you know that the average Customer Retention Rate (CRR) is just around 35% for eCommerce businesses. Just take a look at these stats 65% of a company’s business can be credited to existing customers. Companies have to spend 7 times more to get a new customer than to retain an existing one.

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UX Spotlight: Building a Better Online Gift Card Experience

ESW

Shoppers love gift cards but redeeming them online can be confusing. Since the checkout experience is a crucial step in the customer journey, merchants should prioritise easy checkout regardless of payment method. Merchants that clearly communicate how to use an online gift card create a better user experience and increase conversions.

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What is Customer Retention, and Why is it Important?

Smile.io

As we enter a period of economic uncertainty, one thing will be more important than anything else for small business owners–customer retention. When customers are spending less on discretionary purchases, it’s important to emphasize loyalty. What is customer retention?

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How to Solve the Customer Retention Problem (And Make Your Customers Happy!)

Kissmetrics

Customer retention. Its goal is to retain as many customers as possible. After all, a loyal customer is worth much more than a new customer. Here’s the problem: companies drive customers away with poor customer retention initiatives (or a complete lack of a customer retention strategy!).

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Top 10 Examples of Social Responsibility as a Customer Retention Tool

Smile.io

” Through its three-step process, customers can bring in their Levi’s products, check them in with a stylist at any of their locations and receive a gift card for the value of their trade-in.

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16 ways to improve Average Order Value during the holidays

lateshipment

Increasing the average order value directly boosts your store’s revenue, increases customer loyalty , and retention and reduces churn rate. How Does Average Order Value Influence Customer retention? A popular type of bundling during the holiday season is the gift set. Gift Set during the Holidays 2.

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