Giftify, Inc. owns and operates Restaurant.com, a digital deals platform focused on restaurant discounts, and it also runs CardCash, a gift card exchange that buys and sells unused gift cards from consumers and businesses. The company provides discounted restaurant certificates, dining passes, and bundled specials to individual consumers while offering similar products to corporations for employee incentives and marketing campaigns. Giftify generates revenue through the sale…
Giftify, Inc. owns and operates Restaurant.com, a digital deals platform focused on restaurant discounts, and it also runs CardCash, a gift card exchange that buys and sells unused gift cards from consumers and businesses. The company provides discounted restaurant certificates, dining passes, and bundled specials to individual consumers while offering similar products to corporations for employee incentives and marketing campaigns. Giftify generates revenue through the sale of these deals, fees from gift card transactions, and limited third party advertising.
The company earns money mainly from selling discounted restaurant certificates and dining passes to consumers through its B2C channel. It also sells the same products to businesses through its B2B channel for use in loyalty programs, customer acquisition, and promotional activities. CardCash generates revenue by purchasing gift cards at a discount from individuals and distributors and reselling them at a markup to shoppers and businesses. Additional income comes from white label gift card exchange solutions provided to partners such as Amazon, Best Buy, CVS, and Dell, and from minimal third party display ads on the Restaurant.com website. All revenue streams are reported in U. S. dollars.
The company operates through the following segments: Business to Consumer (B2C) and Business to Business (B2B).
- Business to Consumer: This segment sells discounted restaurant certificates, discount dining passes, and Specials bundles directly to individual consumers via the Restaurant.com website, mobile apps, email campaigns, and affiliate networks, providing diners with savings on meals and entertainment.
- Business to Business: This segment provides the same restaurant certificates, dining passes, and Specials bundles to corporations, marketers, and other business clients who use them to attract new customers, increase point of sale sales, reward loyalty, and address service issues.
Giftify holds a notable position in the online deals and gift card markets, where it faces competition from larger platforms such as Groupon, Live Nation, and various gift card resellers. The company differentiates itself through its fraud prevention technology, its network of branded exchange partnerships with major retailers, and its extensive database of restaurant offers. While competitors may have greater financial and marketing resources, Giftify’s focus on restaurant specific deals and its ability to provide both consumer and business solutions give it a competitive edge.
The company serves a diverse base that includes individual diners, corporate clients, and retail partners. Its Restaurant.com platform has a database of over 6,200,000 consumers who purchase dining deals. CardCash works with well known retailers such as Amazon, Best Buy, CVS, and Dell to provide white label gift card exchange services, and it sources gift cards from major brands including Target, Home Depot, Starbucks, and TJ Maxx. Additionally, Giftify partners with charitable organizations like St. Jude Children's Research Hospital and Charity On Top, and it collaborates with affiliate networks such as AMAC, Groupon, and MemberHub to distribute its offers.