Another “Thinking Out of the Box” micro-lending – payday loan – idea: Customer loyalty cards on their phone.
Ever been to your favorite coffee or yogurt shop and forgotten your punch card? You know the one… buy 10 coffees and get the 11th one free? Of course you have! Well, here’s a cool idea. A loyalty card on your smart phone.
Punchd is a replacement for the buy-10-get-1-free cards at your favorite shops.
It runs on your phone, so it’s always ready but never in the way. It’s simple: after you order, point Punchd at the Punchcode next to the register and your punch is automatically recorded.
We’re constantly working to add new venues to Punchd–if there’s a store you’d like to use Punchd in, let us know!
Here’s another idea to turn-up your creative juices! Got a GREAT idea for the payday loan space? Let me know Jer@PaydayLoanIndustryBlog.com Need funding? Let me know!
I like this idea. I think I can use it in my store. However, would the cost be more then the punch card system I am using? (After 5 paid off loans they get the 6th for have cost. I give them the card with a hole punched out after they pay off their first loan.)