On Wednesday, online small business lender Kabbage announced a service that allows any business to sign up and sell gift certificates to consumers for future use at their retail locations. Small businesses on the platform can sell gift certificates ranging from $15 to $500. Revenue is then received by the small business within one business day of purchase.
- Online small business lender Kabbage has launched a platform that allows consumers to support local small businesses during the coronavirus crisis.
- Businesses can sell gift certificates ranging in value from $15 and $500, which consumers can redeem at any time.
- Revenue is received by the small business within one business day of purchase.
“The impact of COVID-19 on small businesses requires the support of a nation,” said Kabbage co-founder and CEO Rob Frohwein. “If there is a local small business that you love, they need your patronage now more than ever. Many businesses are closing and others are seeing reduced demand. The site is a means for the millions of small businesses that employ more than half of all employees in America to continue making sales and to feel your commitment to their long-term success.”
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