lyoness provides cashback rewards
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Lyoness Provides Cashback Rewards
Lyoness was founded in 2003, and has become a leading provider of loyalty rewards to
members over the past 11 years. Lyoness started in just four countries and has since
become an international company that creates loyalty rewards that benefit everyone.
Lyoness lives up to its motto, “Cashback with every purchase.” The company boasts
thousands of local, regional, and international merchants and has millions of members
worldwide.
Lyoness currently exists in 33 countries throughout Europe as well as in countries such as
the U.S., Canada, the United Arab Emirates, Qater, Brazil, South Africa, and throughout the
Asia Pacific (i.e. Hong Kong, Macau, Philippines, Australia, and more). Lyoness currently
has 3.6 million members globally.
Through the loyalty program that Lyoness offers, members can shop and earn cashback in
four different ways: online, with merchant gift cards, with their smartphones, and in-store with
a Lyoness Cashback card. Through the Lyoness loyalty program, merchants are able to
build lasting relationships with members. This benefits both the merchant and the members
because, as the shopping community and sales increase, the merchants can provide more
rewards. In other words, with the loyalty program, everyone wins!
The loyalty program at Lyoness is quite simple. The company offers an incomparable
network of chain stores, online Loyalty Merchants, and SMEs, which enables loyalty
shopping across the globe. Currently, members can shop at approximately 39,000 Loyalty
Merchants as well as roughly 5,000 Online Loyalty Merchant stores in order to take full
advantage of their Cashback Benefit.
Every time a person purchases an item as a Lyoness member, he or she receives credit of
up to 2 percent of the value of the purchase back to his or her Cash Account. Thus, the
Lyoness member continuously increases the amount in their personal Cash Account each
time they shop. When the account reaches a certain point, it will automatically be transferred
into the member’s bank account without any deductions.
In addition to the cashback rewards, Lyoness also offers a rewards program in the form of a
friendship bonus. If a member recommends Lyoness to a friend, they will receive 0.5% of the
purchase revenue that is generated by the new member, which is called a direct friendship
bonus. Then, if that member recommends another friend, the initial member will receive
another 0.5% of the purchase revenue from that new member’s purchases. This is called an
indirect friendship bonus.
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