Headquarters
1200 N Federal Hwy, Suite 200
Boca Raton, FL 33432
Hours
Mon-Fri: 9:00 AM – 6:00 PM
1200 N Federal Hwy, Suite 200
Boca Raton, FL 33432
Mon-Fri: 9:00 AM – 6:00 PM
Copyright 2023 iVertical Payment Network, LLC. All Rights Reserved. BuyLottoNow® is a registered trademark of iVertical Payment Network, LLC.
Gift cards were originally introduced in the early 1970s to replace paper gift certificates and to streamline reconciliation. Consumer engagement as a business tool did not become prominent until 2010.
Now, in 2023 iVertical Payment Network is the first fintech platform enabled to couple gift cards with consumer engagement enabling retailers to data mine the purchasing information of a gift giver and a gift receiver.
Today Venmo has 77.7 million users and Zelle has 61.1 million users that send money directly to another person. iVertical Payment has incorporated peer-to-peer payment for the giving and the redemption of a physical gift card at 386,000 retailers across the United States.
iVPN | InComm | BlackHawk | |
---|---|---|---|
Activation Fee | Fixed Fee Regardless of the gift amount | 5 to 8% of card value | 5 to 8% of card value |
Variable Gift Amount | Yes | Yes | Yes |
In store activation | No | Yes | Yes |
Information on Gift Giver | Yes | No | No |
Information on Gift Receiver | Yes | No | No |
Consumer Engagement | |||
Recent purchase email with couponing to drive return visits to store | Yes @ no cost | No | No |
Text messaging with remaining balance | Yes @ no cost | No | No |
Reminder email to gift receiver that they have money to spend with Merchant couponing | Yes @ no cost | No | No |
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iVPN charges consumers 50 cents for a merchant branded digital mobile gift.
To use the service, a consumer goes to the merchant’s website, or the app powered by iVPN. When inside the store, the consumer shares the phone’s screen, which displays a bar code for the merchant to scan to complete the payment. The gift balance is displayed to inform the consumer of what the consumer has available to spend.
iVPN seamlessly integrates into Merchants’ POS systems on existing debit card rails.
iVPN is utilizing payment technology that has been deployed in over 25,000 c-stores over the last 18 years.
iVPN provides the retailer its own branded app for the gift program. AT NO COST.
Utilizing its technology, iVPN allows for little to no operating costs, no gift card stock cost, no delivery cost and ZERO transaction fees.
After 18 years of exhibiting at NACS conferences, we know that retailers care about their customer experience. So, we designed our digital product to eliminate what consumers dislike about gift programs – losing money on unused cards.
Lottery, as a sector in c-stores, is faced with an enormous loss of in-store traffic by states and private companies operating iLottery in direct competition to their retail sales agents.
Our platform is designed for consumer engagement to retain and increase in-store traffic. Consumers are carrying less cash and cash is suppressive to lottery sales.
Cash or other payment acceptance methods cannot be used for loyalty. Our platform knows who your lottery players are, where they purchase, how much they spend and how often.
We charge the gift giver a flat convenience fee of $0.50 per transaction, regardless of the transaction amount at the time of purchase.
All approved transactions are guaranteed with next day business settlement.
There are NO REVERSALS, NO CHARGEBACKS. Merchants receive the full tendered amount with a daily settlement report summarizing transactions by store.
BuyLottoNow operates independent of a state lottery or its vendors. We seamlessly integrate into a merchants POS terminal.
iVPN is defined under federal regulations as a payment network. Neither federal laws nor state regulations place any restrictions on debit processing charges or control which party pays them. Charging a processing fee to the purchaser rather than the retailer for the sale of lottery products is permissible in states that allow debit cards for lottery purchases.
iVPN through its BuyLottoNow acceptance brand and its gift card / digital platform is bringing to the 197,000 convenience stores and supermarkets its next generation payment loyalty platform whereby the transaction fee is passed on to the consumer.
iVPN’s consumer engagement tools and platform architecture drive adoption and sales lift for merchants providing consumer driving information for targeted marketing campaigns at no cost.
iVPN provides the retailer its own branded app for the gift program in the Apple and Google stores AT NO COST.
The iVertical Payment Network (iVPN) merchant branded gift platform takes what your customers like best about your stores…. your gas, coffee, food and sends a gift to a friend, family member, or someone they want to say happy birthday, thank you or something else to. Gifts can be purchased in $5, $10, $15, $20, $25, $50 or $100 denominations.
iVPN is defined under federal regulations as a payment network.
For Gift Giver and Gift Receiver experience: Merchant Branded Gift Demo
Visit www.iverticalpayment.com for more information or Call Joe Randazza (561) 756-0225
The BuyLottoNow debit card is accepted at 197,000 convenience stores and supermarkets that accept debit payment for lottery purchases. (Not available in South Carolina and Tennessee.)
For Consumers it’s……
BuyLottoNow is not affiliated with a state lottery or its vendors. BuyLottoNow is defined under federal regulations as a payment network.
For consumer experience, go to: Buy Lotto Now Lottery Debit Card
Visit www.buylottonow.com for more information or Call Joe Randazza (561) 756-0225
BuyLottoNow is the first national lottery gift program available at the 197,000 convenience stores and supermarkets that accept debit payment for lottery purchases. (Not available in South Carolina and Tennessee.)
Gifts can be purchased in gift packs with various denominations. Gifts are valid for 90 days from issuance. Remaining balances are returned to the gift giver.
BuyLottoNow is a convenient way to gift Lottery draw & scratch-off tickets from the BuyLottoNow app on a mobile phone or from the BuyLottoNow website.
A new product offering that provides merchants:
BuyLottoNow is not affiliated with a state lottery or its vendors. BuyLottoNow is defined under federal regulations as a payment network.
For Gift Giver and Gift Receiver experience:
Visit www.buylottonow.com for more information or Call Joe Randazza (561) 756-0225
To begin a conversation on how to become a participating iVPN merchant, call Joe Randazza at (561) 756-0225 or email him at jrandazza@ivpnet.com