Rewardling: PayPal With Store Credit
Rewardling, the latest payments startup from Winnipeg plans on giving e-commerce merchants the ability to reward customers with store credit for future use right after completing a transaction.
Merchants do this by integrating Rewardling's payment gateway with existing e-commerce stores. Once a customer decides to purchase something, they are presented with the option to pay with Rewardling where in return, 8% of the transaction will be rewarded in the form of store credit. Customers would then have to use the store credit within 7 days in order to take advantage of the credit.
With e-commerce on the rise, merchants need to able to drive customer acquisition through new and innovative channels to help grow their revenue and dually provide customers with a motive to return. Rewardling is not yet available to the public but you can sign up on their site to know when they launch.
Check out the founders pitch here.