Increase Cash Flow
The customer puts money on the Gift Card in advance of spending. Prepaid value is up to maximum of USD1,000 per Gift Card
Better Customer Loyalty
Customize your Gift Card templates under different currencies, bonus schemes and expiration dates.
Lower Bank Charges
Zero transaction fees for all Gift Card redemption. The benefit is significant for high volume and low priced products.
About MEMKEN Gift Card w. Blockchain
MEMKEN Gift card application leverages the security and anonymous advantages of Blockchain
The issuance of Gift cards in just a few clicks:
- Select and customize your Gift card template
- Define card value, bonus scheme and expiration date
Merchants get paid directly by the customers
On the sale of each Gift card. MEMKEN is transparent to payment. Once the customers purchase a Gift card, the merchant gets paid directly through their existing payment providers. All the transaction records will then be stored and encrypted on the Blockchain as an immutable and anonymous ledger.
Product values are updated for every use of the Gift cards
Our plugin auto-retrieves the value of the updated products including tax rate and shipping fees upon the redemption of the Gift card
Managing the Gift Card ledger on the Blockchain
The ledger of the Gift card value, transaction records, and purchasing behaviors are stored and encrypted on the Blockchain anonymously. The redemption of the Gift card by the customer is auto-verified on the Blockchain to assure they have enough card value. Merchant also has the final right to cancel or freeze the unverified user's account by our pre-defined smart contract.
Access Management: Fit for Blockchain experts or non-experts
Your end customers are transparent to the Blockchain. Purchasing or redemption of the Gift card operates in the same way as traditional Gift cards in e-shops.
Merchants of non-blockchain experts simply authorize Memken to handle the “Private Key” on behalf of blockchain interaction. Access management will operate the same as a normal login with a user name and password.
Merchants of blockchain experts will always have the right to re-generate a new Private Key and manage the data by themselves any time in the future. Your critical data is stored on immutable blockchain anonymously and retrievable for any platform.
We deploy EOS.IO as blockchain technology.
- EOS Blockchain,
- EOS Sidechain,
- Meet.one Sidechain
See the app in action
Explore how the app works in an example store.View example store
Free to install
Fees payable at 1% of of the gift card sold and will be capped at a maximum of US$49 monthly.