Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Website creates a unique way to save on holiday shopping

Website creates a unique way to save on holiday shopping.

Nov 29, 2012. Auckland, New Zealand.
Thanks to the rising popularity of gift cards, the bargain hunters might just find themselves saving a little more than usual this year, simply by using those gift cards to pay for shopping instead of money.

Throughout the last few years, gift cards have been on a constant climb in terms of use and popularity. Leveraging this phenomena, a website called Power Gift has come up with a unique way to sell consumers gift cards for lower than their face value. A $100 gift card for a certain store can be purchased for as low as $65, essentially saving the user $35 on any item in store.

“There’s a trend that really picks up during this time of the year, when consumers are out to find the best deals around. They go to Power Gift to grab discounted gift cards for stores which they already know they’ll be shopping at, so it’s a win situation” says Allen Shegay, a recent Massey University graduate and the founder of Power Gift.

The website has been up for just under a year but has already had thousands of consumers visiting it. During the busiest times one in every dozen will register an account with the site.

Power Gift works thanks to consumers who find themselves holding onto unwanted gift cards. They can quickly exchange those them for percentage of money with Power Gift. This allows the site to find those gift cards a new home by selling them at discounted prices.

Currently Power Gift is running holiday specials and is offering free shipping on any purchase.

www.powergift.co.nz

//ENDS.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news