LevelUp is a mobile phone payment network that lets you pay a merchant using your phone instead of cards or cash. To entice consumers to use the network, it offers customers discounts. You’ll save instantly with an incentive reward on your first purchase. If you continue to visit a merchant and pay with LevelUp, you can save even more as a loyal customer.
If you love to live and buy local, this app is designed to help local retailers entice new customers and reward loyal ones. Instead of charging a processing fee on every purchase like credit cards do, retail merchants use LevelUp marketing campaigns to help increase their clientele and develop a loyal following that keeps them in business. You win. They win.
Here’s a example of how LevelUp might work: There are two ways you save money: incentives when you visit for the first time and rewards for repeat business. Say you want $12 of products or services at a LevelUp business. You only have to fork over $10 because you get $2 off as an incentive for new customers. Now let’s say you like this place and become a repeat customer. After you spend $100, you get $10 back as a loyalty reward. The $10 reward is automatically unlocked on your phone when you have spent $100.
So, how does LevelUp make its money? LevelUp charges the merchant 35 cents for every dollar of credit (incentive deal or loyalty reward). For example: When a LevelUp offer brings in a new customer with a $2 incentive, the retailer pays 70 cents to LevelUp for having delivered the new customer. When a loyalty reward gives a customer $10 back after spending $100, the business pays LevelUp $3.50 after the customer spends their $10 reward.
- To install the app, go to TheLevelUp.com in the mobile browser on your iPhone, Android or BlackBerry. Download the LevelUp app and link a credit or debit card to get your unique QR* code. Pay by scanning your code at merchants across the United States who offer the LevelUp payment method.
More info about QR codes
*QR stands for Quick Reponse. A QR code can be read by most of today’s cell phones. It’s like a bar code, only better. It looks something like the picture at the left. It’s better because it is fast, doesn’t require a bulky bar code scanner, and can offer many more types of information than just product information and price. A QR code might be used to give you details about the business (such as nearby locations), show you a URL that you can click to see a trailer for a movie, give you a product coupon to use immediately, or in this case, to pay for products and receive incentives from the retailer to become a loyal customer and save money with repeat business. For more information, check out Wikipedia on QR Codes.
