Category Archives: Gift Cards

Gift Cards and kiosks and self-service in retail

Cashless Retailing – Decathlon Introduces Cashless Retailing for All

Decathlon Introduces Cashless Retailing for All Self-Service Networks helps with their innovative gift card dispensing kiosk. EMERYVILLE, Calif., June 6, 2019 /PRNewswire/ — Decathlon, the self-proclaimed world leader in sporting goods retailing, recently opened their US flagship high-tech retail location in Emeryville, California.  With more than 1,500 stores in 49 countries, Decathlon is making a technological splash with their… Read More »

Vending Kiosk – Goldstϋr Launches Jewelry Exchange Kiosks

Goldstϋr has deployed its automated kiosks for converting old or unwanted jewelry into cash or gift cards, in an agreement with Supervalu banner Cub Foods.  Goldstϋr kiosks are now in place at Cub stores in the Minnesota cities of Silver Lake, Stillwater, Midway, Coon Rapids and Apple Valley. 

Source: www.progressivegrocer.com

Consumers can exchange their gold or silver jewelry for cash or gift cards in a secure and accurate process. For the retailer, this approach represents a new form of revenue that Goldstϋr can capture in addition to generating additional store traffic. Moreover, it can be a hedge against declining revenues from other in-store services.
 
The process takes two minutes and a $2 appraisal fee, with offers based on commodities market prices that are updated every hour. Consumers can choose from a cash receipt or store gift card as payout. If the consumer decides not to accept the bid as shown on the kiosk screen, they can simply decline the offer. 

Coinstar goes after the gift-card resale market

Coinstar expands the market for vending machines   Craig Keefner‘s insight: Nice writeup and flowchart showing Coinstar bidding $70  for $100 card, then handing off to Blackhawk who sells the $100 card on Cardpool.com for $90.  Coinstar and Blackhawk split the profit of $20 50-50 See on www.marketplace.org