Small Businesses

New Gift Card Options Aim to Help Small Businesses Through COVID-19

  • 2 min Read
  • April 15, 2020

Author

Escalon

Table of Contents

If you’re looking for new tools to add to your small business’ coronavirus strategy, Instagram and Kabbage have added options that entrepreneurs may want to consider.

Instagram Launches Gift Card, Delivery Stickers



Starting today in the US and Canada, Instagram is giving businesses the option of adding stickers to their profiles or Stories that allow users to buy gift cards and order food deliveries.

When users tap on these stickers, they are then directed to the business’s website, where they can order gift cards or food delivery. Instagram aims to roll these functions out to a global audience over the next few weeks. Also on tap for the near future is a fundraising option, which will open in Facebook (Instagram’s parent company).

“Spread the word by resharing the stickers in your Stories,” Instagram said in an announcement about the new feature. “For many businesses right now, every sale helps. We’ll continue to work on features that make it easier to support the small businesses you care about.”

Kabbage Allows Gift Card Sales Outside Social



Selling gift cards can help businesses bring in cash now for consumers to use later, ostensibly when foot traffic resumes. Although some companies may not have a way to create and sell gift cards, small business lender Kabbage created a service last month that lets any business sell gift certificates.

To use the service, entrepreneurs should create a free account on Kabbage Payments, and the site will then generate a unique URL that businesses can share with consumers. You’ll then be able to sell gift certificates ranging in value from $15 to $500. The earnings will be deposited into your account for use now.

Kabbage joined forces with Facebook to promote gift certificates for small businesses. When consumers search Facebook for businesses in the area, your firm will come up in the results, with the gift certificate option noted in the results.

“The impact of COVID-19 on small businesses requires the support of a nation,” said Kabbage CEO Rob Frohwein in a statement about the feature. “Many businesses are closing and others are seeing reduced demand. The site is a means for the millions of small businesses that employ more than half of all employees in America to continue making sales and to feel your commitment to their long-term success.”

 

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Taxes

Your SMB’s Compliance Calendar: Key Deadlines You Can’t Miss in 2025 

Running a small or midsize business comes with enough challenges – compliance shouldn’t be one of them. Staying ahead of...

Read More
Accounting & Finance

Cash Flow Strategies for Life Sciences Companies: How to Stay Liquid in a Capital-Intensive Industry

In the fast-paced world of life sciences, innovation is king. But staying ahead of the curve often comes with hefty...

Read More
Accounting & Finance

CFO vs Controller: How Startups Can Benefit from Both

CFO vs Controller: How Startups Can Benefit from Both  As companies grow, managing finances and accounting becomes increasingly important. A...

Read More
Small Businesses

The ROI of Outsourcing Business Services: How to Measure Your Investment’s Impact 

The ROI of Outsourcing Business Services: How to Measure Your Investment’s Impact  In a world where every dollar must count,...

Read More
People Management & HR

2025 Employment Law Updates: What to Know

As we step into 2025, businesses across the country face several important updates in labor laws and employee benefits. Staying...

Read More
Startups

5 Signs Your Startup Needs an Outsourced CFO  

5 Signs Your Startup Needs an Outsourced CFO   Startups often operate with lean teams, but as they grow, financial complexity...

Read More
Leadership & Growth

CG Startups: How to Keep Costs Low While Scaling Operations 

Consumer Goods Startups: How to Keep Costs Low While Scaling Operations  Scaling a consumer goods startup requires a careful balancing...

Read More
Press Releases

Escalon Expands Its Reach: Full Stack Finance and Early Growth Join Forces with Industry Leader 

Escalon Expands Its Reach: Full Stack Finance and Early Growth Join Forces with Industry Leader  In a strategic move that...

Read More
Taxes

Delaware Annual Review: What Series A-C Startups Must Know to Stay Compliant 

Delaware Annual Review: What Series A-C Startups Must Know to Stay Compliant  For startups incorporated in Delaware, staying compliant is...

Read More