lyoness provides cashback rewards

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Page 1: Lyoness Provides Cashback Rewards

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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