BRICK, N.J., Oct. 14, 2014 /PRNewswire/ -- CardCash.com, the world's largest independent marketplace for secondary gift cards, announced today that it has entered into a partnership agreement with InComm, a leading provider of connectivity and integrated point-of-sale technology solutions to retailers. The relationship will allow CardCash to integrate its online gift card exchange with thousands of InComm's retail partner locations across the country.
"This business partnership is a huge step for our company," said Elliot Bohm, CEO and cofounder of CardCash. "Teaming up with the prepaid industry leader provides an unbelievable boost to our business and gives customers the opportunity to unlock even more value from their unused gift cards."
Annual gift card sales exceeded $113 billion in the United States in 2013, with an estimated 27% of people still holding on to unused gift cards received during the previous year. CardCash.com provides a simple and secure online exchange that helps consumers convert their unused cards into cash for as much as 97% of face value. Those in the market for gift cards, meanwhile, can buy credit to top national brands at a discount as high as 40%.
By matching unspent gift cards with interested consumers, CardCash drives immediate revenue and profit back to the 300 retailers listed on its exchange.
"In today's economy, we offer a win-win service for gift card buyers and sellers," said CardCash COO and co-founder Marc Ackerman. "Sellers can trade in their unwanted gift cards for cash that they can immediately put toward rent, a mortgage, or buying basic necessities. Buyers, meanwhile, save an average of 10-15% at their favorite merchants by purchasing these cards on our website."
CardCash has been profitable since its founding in 2008, even as it more than doubled sales each year. The company has been recognized by Forbes as one of America's most promising companies and by Inc. magazine as one of the fastest growing companies in the U.S. In November 2013, CardCash raised Series A venture funding from Guggenheim Partners, a global financial services firm.
CardCash.com
Based in Brick, New Jersey, CardCash.com offers the country's largest and most secure selection of discounted gift cards online. The company was ranked #14 out of 100 on Forbes' list of America's Most Promising Companies for 2014. For two years running, Inc. magazine has included the company on its prestigious Inc. 500 list of the fastest growing private companies in America. The company has raised venture funding from Guggenheim Partners, a global financial services firm.
Contact: J.J. Colao, 1-908-433-7940, [email protected]
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SOURCE CardCash.com
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