Simplx Blog

Before PayPal put the brakes on my extremely high volume low profit margin eBay sales model I began testing out a newly added merchant on the Simplx network that would allow me to add 1.5% to my bottom line profits.  With $300,000 monthly volume an additional 1.5% adds $4,500 of extra spending cash for me each month.  So naturally if that option were possible I was interested in exploring it.  The merchant is the American Express Gift Card program.  An American Express Gift Card is a pre-loaded card that works just like an American Express credit card or a charge card, which means you can use it anywhere American Express is accepted.

The cards can be purchased in $25 increments in amounts up to $3000.  Anytime I purchased a gift card I would always do it with my credit card that gave me 1% cash back.  So my MasterCard would pay me 1% cash back when I purchased the gift cards and the Simplx program pays me 1.5% cash back for making the purchase.

There are a few fees that get charged up front by American Express for the service, which I found offset my cash back by about .3% leaving me with more than 1% in cash back savings and well worth the extra step for the sales volume.  Also, the gift card program only allows orders with a maximum of $5,000 total so I would have to place multiple orders in order to keep the flow of volume moving through the AMEX gift card program.  You can link over to the AMEX corporate gift card ordering system from the Simplx link merchant, which allows orders up to $75,000, but I wasn’t sure if it would still qualify for the Simplx cash back.  I also didn’t have a need to test that out since I was making it work with the $5,000 maximum limit per order.

Visit the AMEX gift card website here.

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