♟️How does InRewards Solve the Main Problems of Loyalty Systems?

Account inactivity

InRewards consolidates retailers in the integrated open-loop loyalty system and provides a simple and convenient user interface with a customer-centric approach. Every individual user will have a single wallet, accessible from the website of any participating merchant, or from a web or mobile app. There is no need to register in a standalone loyalty program of each retailer, and the acquired tokens can be redeemed with any other network member.

Low redemption rates

Unlike the existing loyalty systems that give points, InvRewards transfers value into tokens and credits them directly to the customer’s wallet. The value of the rewards denominated in cryptocurrency is poised to go up along with the growth of the crypto-economy and the market share of the blockchain based services and infrastructure, which will make customers want to spend their tokens for additional purchases. The users will also be receiving regular reports and offers from the stores where they made their purchases, which will also serve to incentivize further actions.

Increased costs for customer service

Merchants can use the InvRewards platform for free. It can be easily installed, and set up and does not require any special technical knowledge or skills. The workflow around receiving and spending InvRewards tokens will be standard for all participating customers, and questions will be handled by the InvRewards service operator, who provides technical guidance, support and quality assurance.

Low motivation by offered rewards

Customers will perceive the received crypto-currency as being “for free”. It will spur their additional interest in cryptocurrencies and initiate demand for valuable rewards from the places they will shop at.