Wishpond's Viral Loops Launches New Rewards Distribution Program Allowing Customers to Give Referral Rewards Using Stripe Marketplace, Tremendous, and Sendoso
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Wishpond announces the launch of a new rewards distribution program through its Viral Loops product platform, designed to increase average order value and customer lifetime value, enhancingWishpond's referral marketing capabilities and overall business offering. - This rewards distribution program allows Viral Loops customers to give referral rewards using
Stripe Marketplace , Tremendous and Sendoso, and enables customers to offer optionality in referral rewards, including Stripe credits, coupons, and gift cards, improving businesses' ability to incentivize and engage customers effectively through their referral programs.
Ali Tajskandar, CEO of
Tremendous is a platform that aims to allow organizations to pay people worldwide, offering a range of payment options from a global catalog, including prepaid credit cards, gift cards, and charity donations. significantly enhancing referral reward options. In the view of management of the Company, the integration with Tremendous allows Viral Loops to provide these versatile referral rewards, addressing a demand from customers for diverse compensation methods. Consequently, the Company is of the opinion that Viral Loops' customers will be able to elevate their referral programs and improve customer engagement.
Sendoso is a gifting automation platform that aims to allow businesses to engage with prospects, customers, and employees through personalized, physical and digital gifts, and direct mail. By automating the sending process, Sendoso streamlines the logistics of gifting, making it easier for companies to foster customer relationships. Integrating platforms with Sendoso will allow customers of Viral Loops to seamlessly reward referrers with customized gifts or incentives. In the view of management of the Company, this not only enhances the user experience but also encourages more referrals by making the reward process smooth and personalized.
Viral Loops is a platform that helps businesses create and manage referral and word-of-mouth marketing programs in an attempt to drive organic growth by incentivizing customer referrals. The new rewards distribution program will be available on Viral Loops' higher-tier plans, such as Power Plan, and is designed to boost AOV and LTV. To promote these integrations, Viral Loops and select partners may implement several marketing initiatives, including newsletters, a new product page, mutual inclusion in each other's integration directories, and social media posts. Additionally, Viral Loops and Sendoso may collaborate on an interview on reward-based referral marketing, co-promotion efforts, a featured article on the Viral Loops website authored by Sendoso, and a series of webinars and email campaigns.
Ali Tajskandar
Chief Executive Officer
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