WHAT IS A CLOSED LOOP GIFT CARD?


A closed loop gift card is a type of gift card that can only be used at a particular location or within a retailer’s specific network.

How Does PK Financial Work?

Merchants apply to join PK Financial's network. After a merchant has been approved to join PK Financial's network, the merchant is given a plugin that enables their e-commerce site to accept PK Financial's gift cards as a method of payment. End users load their gift cards on PK Financial's website.

What is the PK Financial platform?

We offer merchants access to a closed loop electronic gift card platform. This means that end user customers that load one of our gift cards can redeem the value of that card in goods or services at any merchant's website in our network. Compare the value of a gift card offered by your favorite pizza place to a gift card that is honored by all businesses that are members of your local Chamber of Commerce. Which gift card would you rather have? Which gift card would your customers rather have?

Why would you want to use electronic gift cards on your e-commerce site

Electronic gift cards help to expand your customer base. Offering gift cards as a method of payment allow you to reach customers that do not have access to credit cards. Gift cards can be a great marketing tool. People use gift cards as a tool when they do not know what to buy someone. Gift cards are convenient. In 2015 U.S. gift card spending exceeded $25 Billion. In fact, according to the National Retail Federation’s (NRF) 2015 Holiday Survey, 58.8% of consumers said they would like to get a gift card this holiday season. Shouldn't your business have access to this market?

A word on security.

Our electronic gift cards are virtual, meaning that there is no physical card that can be stolen or lost. The prepaid nature of our platform means that when an electronic gift card balance is validated by our system, you have the security of knowing that the funds are available to pay for the purchase. We use the same industry standard SSL encryption to protect our electronic gift card transactions that major online retailers use to secure their credit card transactions

Business Types


At PK Financial Services, we vet each and every merchant in our network, applying our Know Your Customer (KYC) philosophy. eCard is ideal for all businesses that accept payments online. We service all online merchants including the following:

Travel

Travel

Travel

Travel

Retail store

Retail

Retail store

Retail

Office Supplies

Office Supplies

Office Supplies

Office Supplies

E-Commerce

E-Commerce

E-Commerce

E-Commerce

Bakery

Bakery

Bakery

Bakery

Toy Stores

Toy Stores

Toy Stores

Toy Stores

About Us


Why choose PK Financial Services for your electronic gift card program?

PK Financial Services will save you both time and Money. Our easy to use plugins can be installed and configured in less than one hour on your Magento 1.x, WooCommerce, or PrestaShop e-commerce sites.

This means you can start accepting gift cards the same day that you are approved into our network! You also will save money with our competitively priced electronic prepaid gift card solution.

Rather than paying software engineers tens of thousands of dollars up front to develop your own solution, our gift card platform allows you to pay as your customers pay you with a transaction fee schedule similar to that of credit cards.

Coverage

Our PK Financial platform is part of the Global Ecosystem!

Reach customers anywhere across the globe with our electronic prepaid gift card platform. Customers that purchase our prepaid gift cards can use them at any merchant that has been approved into our network regardless of whether they are in the same country, on the same continent, or halfway across the world from each other.

FAQ

WHAT IS A CLOSED LOOP GIFT CARD?

A closed loop gift card is a type of gift card that can only be used at a particular location or within a retailer’s specific network.

WHAT IS SECURE PREPAID CARD?

PK Financial is a company that provides a closed loop gift card platform to participating merchants.

HOW DOES SECURE PREPAID CARD WORK?

Merchants apply to join PK Financial's network. After a merchant has been approved to join PK Financial's network the merchant is given a plugin that enables their e-commerce site to accept PK Financial's gift cards as a method of payment. End users load their gift cards on PK Financial's website.

WHY DO I NEED SECURE PREPAID CARD?

It is costly for a merchant to develop their own electronic gift card platform. By tapping into PK Financial's network of merchants not only do you eliminate the need for your own programming staff, but you also provide value to your customers by allowing them to use their electronic gift cards at additional merchants increasing the variety of goods and services they can access.

HOW DO I REDEEM A GIFTCARD?

Gift card usage is tracked electronically and are automatically redeemed by merchants according to their contract's schedule.

DO YOU NEED A SMARTPHONE TO SEND AND RECEIVE A GIFTCARD?

No.

HOW CAN I SIGN UP MY BUSINESS FOR SECURE PREPAID CARD?

Email support@pkfsolutions.com with your name, phone number, best time to call, company website, and a brief description of your business and one of our account specialists will walk you through the application process.

WHAT CAN I DO WITH THE GIFTCARD?

You can use the gift card to purchase goods or services from any merchant in our network.

CAN YOU EXPLAIN THE PRICING?

Customers choose how much money they want to load onto their gift card when they purchase the card.

HOW DO I KEEP TRACK OF SALES & REDEMPTIONS?

When a merchant is approved to join the PK Financial network, they will receive login information to our secure merchant portal that shows all of their transactions for the date range they specify.

WHEN DO MERCHANTS GET PAID?

Merchants get paid according to the payment schedule they receive in their contract.

HOW DO CUSTOMERS FIND OUT ABOUT MY NEW EGIFT CARDS?

By installing and enabling the PK Financial plugin, customers will automatically be offered the electronic gift card as a payment method.

WHAT TRAINING RESOURCES DO YOU PROVIDE MERCHANTS?

We provide detailed instructions on how to install and configure the PK Financial plugin when a merchant is approved to join our network.

WHAT IS YOUR REFUND POLICY?

When a customer has a complaint with a merchant's goods or services we attempt to mediate a resolution between both parties to maintain happy customers. If the merchant is unable to deliver on customer's request, we will refund the customer.

DOES THE GIFTCARD EVER EXPIRE?

All electronic giftcards are valid for 5 years from the date funds were loaded onto the gift card.

IS THIS AVAILABLE ONLY IN THE U.S.?

PK Financial's electronic giftcard platform is available in all countries were giftcards are legal.

WHAT IF I HAVE MORE QUESTIONS?

Please email your questions to support@pkfsolutions.com

Contact Us

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PK Financial Services LTD

21000 Redondo Beach Blvd, Suite C112

Torrance, CA 90504


Service Matters

Support Number: 213-699-9140

Support E-mail

support@pkfsolutions.com

Sales E-mail

support@pkfsolutions