Has anyone set up something like a "Founders Club" Card?

[TamboliPasta]

The title of this thread has been edited from the original: "Founders Club" Card?

Hello,

I'm opening up a restaurant and would like to offer initial investors a "Founders' Club" benefit. For example, someone who invests $1,000 could redeem $100 in meals every month for a year.

Has anyone done this with Square gift cards? Can the cards be re-loaded every month? Any experience with something like this would be really helpful.

Thank you!

Miles

[ryanwanner]

We do something similar in my store using the Square Gift Cards, but we don't limit them to a monthly "take" on the membership. Logistically, there's not an easy way to keep an eye on this short of pulling reports regularly and having a Yes/No type of spreadsheet printout hanging by the register... it'll be prone to errors and lead to a lot of frustrations on your and your customers sides.

Gift Cards can be reloaded at will: we have people who throw money on their card in a Prepaid fashion and use the card until the balance is zero, then reload it.

One idea for your founders club would be to offer a bonus for the initial payment. I'm doing one right now where the founder would get their investment plus 10% immediately on a gift card. That idea may work for you.

[TamboliPasta]

Thanks for your response. I agree that it'd be a headache to keep track of it all. I like your bonus idea.

[Submatic]

Hi all I realize this post is a bit old but in case anyone is looking for a way to manage this please let me know.

My name is Dan I've worked in point of sale and payments for 7+ years and developed a software to help retail businesses leverage subscriptions.  It's called Submatic (https://www.submatic.io/).

We have an integration with Square that automates member discounts/benefits based on the rules that you configure.  For example you can create a membership for a product or which entitles the member to a discount.  Our software tracks and communicates the membership benefits with Square so that you don't have to track anything manually.

If you're interested in getting more info or checking out a trial let me know.  You can send me a direct message here on the forum, just hover your mouse over my username and then click "Send Message". Thanks!