
QuickGifts
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Date | Investors | Amount | Round |
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- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
investor investor | €0.0 | round | |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
N/A | $500k | Debt | |
Total Funding | 000k |
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QuickGifts was established in 2002 by founder Stacy Young, positioning itself as a provider of e-commerce and prepaid currency solutions for the gift card market. The firm's core business revolves around enabling local and regional merchants to sell their existing physical gift cards online. This is achieved by providing a comprehensive, turnkey solution that handles the entire online sales process, from creating a branded storefront to payment processing and fulfillment.
The company's business model serves merchants, such as local restaurants, spas, and retailers, who want to expand their gift card programs beyond in-store-only sales. QuickGifts creates individual, private-label websites for each merchant, which can be integrated into their own websites, social media channels, and email marketing campaigns. Additionally, merchants' gift cards are listed on the company’s own online marketplace, the Card Mall, and on Amazon.com, significantly broadening their market reach. Revenue is generated through fees deducted from the monthly payments sent to merchants for their online sales; merchants themselves do not receive a direct bill or have to sign a long-term contract.
For merchants, the service is designed to be a no-hassle solution. They provide QuickGifts with a supply of their inactive gift cards, and the company manages the rest, including packaging, shipping, customer service, and detailed sales reporting through a dedicated merchant console. This allows smaller businesses to compete with national brands in the online space without the overhead of developing their own e-commerce infrastructure. For consumers, QuickGifts offers a centralized online platform to purchase gift cards from a wide variety of businesses, complete with personalization options like greeting cards. The company also offers the 'dibbs card,' which is a universal gift card redeemable for any of the merchant gift cards available on the Card Mall.
Keywords: gift card e-commerce, prepaid currency solutions, online gift card sales, merchant gift card platform, local merchant services, regional merchant solutions, gift card fulfillment, Card Mall, online marketplace, e-gifting, digital gifting, retail gift cards, restaurant gift cards, spa gift cards, Stacy Young, Amazon gift card sales, private-label storefront, gift card processing, multi-channel sales, merchant payment solutions