PORTLAND, Maine--(BUSINESS WIRE)--CashStar, the industry-leading provider of prepaid commerce solutions, today announced its partnership with Raise, the largest marketplace for gift cards. The two companies have joined forces to provide retailers with new opportunities within the gift card marketplace, including sales enablement, brand management and risk mitigation. Raise has integrated with CashStar Exchange to offer digital gift cards on demand from an extensive network of the world’s top retailers and restaurants.
“We are excited about our partnership with Raise, especially because they share CashStar’s commitment to providing merchants with security and control,” said Matt Kerper, vice president of strategic business development at CashStar. “This partnership will enable retailers to participate in the secondary market by making it easier for merchants to protect their brand, mitigate fraud risk and provide an excellent customer experience.”
Nearly two million consumers now use Raise to save money on everyday purchases using discounted gift cards. The platform also allows individuals to sell their gift cards for cash. In addition to the consumer marketplace, Raise has partnered with over 220 retail brands and is rapidly expanding its network of retailers that use their mobile and web properties to sell prepaid cards directly to consumers. Today, through a seamless integration with CashStar Exchange, Raise can connect and expand their footprint to more than 250 merchants and 40 payment processors, adding to the company’s already established retail relationships.
“When choosing a distribution partner, we were looking for a company like CashStar that is focused on technology and innovation,” said Steve Rodgers, vice president of merchant partnerships at Raise. “CashStar is a trusted prepaid platform and a technology company that understands the need to innovate as the retail payments landscape changes, making this partnership between our two companies seamless.”
Raise, the largest gift card marketplace in the world, connects consumers to buy discounted gift cards from more than 3,000 brands or sell their unwanted gift cards for cash. As the leading retail technology partner with more than 220 national brands, Raise offers a new type of digital payment for retailers. Since the marketplace launched in 2013, Raise has saved consumers more than $100 million through its mobile applications and website. With over $87.2 million in funding from Bessemer Venture Partners and New Enterprise Association, Raise is headquartered in Chicago with offices in New York City and San Francisco. Download the Raise app on iOS or Android or visit www.raise.com to begin saving today.
CashStar, the industry-leading provider of prepaid commerce solutions, enables the world’s top retailers and restaurants to grow and innovate in the rapidly evolving retail environment. CashStar provides best-in-class capabilities, revenue-optimizing risk management and a client success model based on aligned growth, to optimize digital gifting and prepaid commerce experiences. CashStar powers more than 300 leading brands worldwide including Best Buy, Brookstone, Coach, Crate & Barrel, Dell, Dunkin’ Donuts, Gap, lululemon athletica, Nine West, Office Depot, Petco, Pottery Barn, QVC, Sephora, Staples, Starbucks, The Cheesecake Factory, The Home Depot, Ulta Beauty and Williams-Sonoma. To learn more, please visit www.cashstar.com, follow @CashStar or e-mail email@example.com.