The myPOS referral program in review: A look back at 2020

Referrals are one of the most cost-effective ways of acquiring new customers and subsequently making more sales. 

They can be structured in various tiers, offering existing customers rewards for referring your business to friends, family, acquaintances and co-workers.

They are not only psychologically proven to work, they are also extremely valuable for customer acquisition. 

In fact, in the decade we’re currently living in, the value of word-of-mouth advertising is priceless.

This is why businesses should consider implementing referral programs in their offering to boost sales and gain new clients. 

In this blog post, we take a look at the myPOS referral program in review as we explore what we offered existing and new merchants in 2020.

The myPOS referral program

At myPOS, no good deed goes unnoticed and we want to reward our merchants.

This is why our referral program makes sure that existing merchants can share their own personalised link with friends and contacts who run businesses and get a cash-based bonus in their account.

Here’s how it works in three easy steps:

1. Spread the word about myPOS: Tell your friends and contacts how awesome and easy payments acceptance with myPOS is.

2. Your friends register with us and purchase a POS terminal*: They can do so using the discount you gave them through your referral link, which you can send via social media, e-mail, SMS, Viber or other channels.

3. Enjoy your reward: It will be deposited straight into your myPOS account for you to enjoy as you wish! Go on, spoil yourself!

* Your referrals should be new myPOS clients and not existing ones, so make sure you double check that with them.

Sounds pretty good, right?

The results from 2020

The results from 2020 are staggering! 

With a whopping total of over 3,000 referred clients with the top referral countries being Romania, France, Hungary, Italy and the UK, it just goes to show that referrals for myPOS products and services are working and working well.

Not only that, but it also shows faith and trust in the myPOS brand, which is on a continuous path of product and service improvement. 

The top five industries which have taken advantage of the myPOS referral program are:

• Limousines and taxi cabs
• Beauty and barber shops
• Eating places and restaurants
• Bars, lounges, discos, nightclubs, taverns that sell alcoholic drinks
• Miscellaneous food shops such as convenience stores and markets

This only goes to show the wide scope and range our products and services have! 

And their impact on helping business owners across Europe grow is evident through our referral program!