Gift Certificate and Gift Card has one thing in common - they generate advance payments for retailers. Hence they are quite similar except that Gift Certificate sold must be redeemed in one purchase (any unused balance is forfeited).
Therefore, once redeemed in full or part, the particular gift certificate is deemed "USED" by the system thus no longer redeemable.
SELLING GIFT CERTIFICATES
At the Aralco POS, simply click on the button for Gift Certificate, select an existing or create a new customer to sell the certificate for any amount. The POS will generate a unique number for the gift certificate and you can key in an optional pre-printed serial number that can be used for quick search during redemption.
A receipt is issued upon full payment and monies received for sales of gift certificates are registered as deposit and clearly listed in the EOD tape reports making it easy for accounting reconciliation.
REDEEMING GIFT CERTIFICATES
The recipients can redeem Gift Certificates at any of the retailer's store branches, at any POS checkouts. The cashiers simply key in the pre-printed serial number under the customer account to process the redemption or lookup the customer profile quickly to list any serial numbers for selection to redeem against the purchase.
Upon completing the redemption and purchase, a receipt is printed with the information of the Gift Certificate and other payments if any.
WATCH VIDEO ON GIFT CERTIFICATE
POS EOD & BACK-OFFICE REPORTING
At the Aralco POS, End-of-Day (EOD) report has totals of Gift Certificates sold and redeemed printed clearly, with deposit amount accumulated from gift certificate and gift cards sold, and sales orders. With clear and detailed information, Aralco POS enables easy and fast EOD reconciliation when closing a shift.
In the back-office, Aralco gives you absolute control with a section on Gift Certificates in its reporting engine where reports are user-definable on the status and transaction information of gift certificates.
Read about Gift Registry Solutions