LA Times reports more small businesses offering gift cards

According to this article in the Los Angeles Times, about 8-10% of small businesses today offer gift cards, up from 2% two years ago.  The costs of setting up to offer gift cards can be as low as $800 plus a small monthly fee.  Many small business owners report selling many more gift cards than the paper gift certificates they previously offered.


Comments

One response to “LA Times reports more small businesses offering gift cards”

Leave your response
  1. Brandon says:

    There are many reasons why so many small businesses are offering gift cards. Using the a gift card profit calculator, if a business were to offer 30 cards at $.25 per card while paying a $25 setup fee, a $12 monthly fee and the cards were activated with an average of $50 the profit for the business could be as high as $970.47.

    So gift cards are not only a very good option for business owners but for consumers as well because of their flexibility.

    Reference to the gift card profit calculator:
    http://regalpaymentsystems.com/resources/tools/gift-card-profit-calculator/

*