By NEIL HARTNELL
Tribune Business Editor
A BAHAMIAN electronic payments provider has launched its Win It Back holiday campaign through which 50 customers will receive 100 percent cash back on their purchases.
Island Pay, in a statement, said these transactions must be made using its reloadable prepaid MasterCard between November 15 to December 15, 2021.
“This is our first major Christmas campaign, so we wanted to make it exciting and meaningful for as many customers as possible,” said Jeffrey Beckles, Island Pay’s managing director. “At the beginning of the year, we set out to process $100m in payments, and thanks to our loyal customers we have achieved that goal.
“Attaining this milestone was a huge accomplishment. In return, we wanted to do something for the holidays that would show our customers how much we appreciate their support. We’re closing out the year by giving 50 Island Pay customers 100 percent cash back on whatever they spend during the campaign period. That’s 50 amazing chances to win their money back.
“This giveaway is open to current Island Pay customers and prospective customers, so anyone who makes a purchase using a reloadable Island Pay prepaid MasterCard can win their cash back,” he continued. “This includes our customers who have digital wallets, but don’t have a prepaid MasterCard – all they have to do is sign up for one in the Island Pay app.
“All customers and prospective customers have the option of downloading a virtual card, or requesting and using a physical card, through the Island Pay app to participate. Once you use your existing or new prepaid MasterCard, you will be automatically entered into the prize drawing with every purchase.
“If you use your card several times, you would win the total of all of your purchases made during the campaign if you are randomly selected as one of our 50 campaign winners.”
Shannon Hanna, Island Pay’s deputy general manager, said: “The best feature about these cards, in addition to the convenience of being able to use them to shop online and in brick-and-mortar stores, is the fact that they are reloadable.
“This gives our customers the flexibility to use them repeatedly without paying the incredibly high interest rates, overdraft fees or annual fees associated with credit cards. You can only spend what’s there, then you can reload it and use it again.”
“E-commerce is growing; online spending is showing no sign of slowing down,” Mr Beckles added. “With the holidays approaching, it’s much smarter for consumers to manage their spending using prepaid cards rather than racking up endless fees by using credit cards.
“I’m sure we can all also agree that using the reloadable Island Pay prepaid MasterCard – whether virtual or physical – is much safer than carrying cash. We encourage everyone to protect their money and their budgets this holiday season with our prepaid virtual or physical MasterCard.”