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Bonus system with expiration date

Bonus system with an expiration period

The additional option "Bonus system with an expiration period" will help control open bonus accounts, accrue bonuses with a limited validity period, and automatically write them off. It informs customers about accrued bonuses and warns them about their expiration.

Any bonus system is a good incentive for a customer to make purchases in your store again, and when bonuses have a limited validity period — this happens much faster. If we compare bonus loyalty systems and discounts, the former have a number of advantages over the latter.

  • Accumulated bonuses have value, which creates the effect of customer retention. If a customer has certain savings “on their account” from your store, the likelihood that they will return increases several times.
  • Bonus points, the fulfillment of obligations for which is deferred, cost less compared to a discount. A discount on a product costs one hryvnia in lost income; a bonus hryvnia costs significantly less. The difference between that hryvnia and this one will remain in your company.
  • Not all accrued bonuses are used. About 20-30% remain unclaimed. This means that the bonus itself will cost you less.
  • Bonuses can be equated to your own currency, using which you can attract customers — loyal specifically to your brand, not just lovers of low prices.

When bonuses expire, the store benefits in the form of a discount not provided to the customer, while still remaining attractive to the customer.

The paid Bonus system with an expiration period function makes it possible to:

  • accrue bonuses according to selected criteria;
  • specify the validity period of accrued bonuses;
  • automatically write off bonuses after the validity period ends;
  • automatically inform customers about accrued bonuses and warn them about bonuses that may expire *

* Available when the additional «Bulk mailing» function is activated

ℹ️ The option is purchased for each workstation for standalone versions, or one per local network, or one per terminal license server. Available from Torgsoft version 2019.2.0.