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Make Payment More Flexible By Integrating Vouchers!

Debarpita Banerjee Published on : 12 September 2023
make payment more flexible by integrating vouchers

Payment flexibility and specific discounts for loyal customers are a need of every streaming business in today’s times. Identifying the loyal consumer base and rewarding them for loyalty can significantly improve the customer retention rate. And vouchers can be immensely helpful in this process! 

Using the Vouchers feature of Muvi One, businesses can create and manage vouchers very easily, which can then be used by their users to pay subscriptions, access pay-per-view content, and many other purposes. 

Major Highlights of Muvi One Vouchers

Using our voucher feature, the business can create, manage, configure terms of use, and even restrict the use of vouchers. 

1. Create and Manage Vouchers

Creating vouchers is extremely easy with Muvi One. Businesses can manage every aspect related to the vouchers. From the content categories it will be linked with, to payment modes it will cater to, businesses can use the vouchers as they want.                

2. Configure Voucher Usage Terms

Businesses can also set the terms of usage for the vouchers. They can modify it. Also, if needed, the businesses can use different terms of use for different vouchers.             

3. Restrict Voucher Usage

The businesses can also put multiple restrictions on the usage of vouchers. They can decide how many users can use the voucher. They can also restrict how many vouchers can be used within a particular time frame.                

4. Choose Content To Link With Vouchers

Businesses can choose which content can be accessed through the vouchers. They can link different content to different vouchers.                    

5. Create Subscription-Specific Vouchers

Businesses can also create vouchers that can be used by their users to pay off specific subscription plans. In fact, businesses can provide vouchers for both subscription-based content and pay-per-view content. 

Benefits & Use Cases of Vouchers

Integrating vouchers has multiple benefits for streaming businesses, and fulfills multiple objectives like rewarding the customers, introducing new content, and giving early bird discounts. 

1. Offer Free Content to Loyal Customers       

Rewarding loyal customers is a necessity for every streaming business. Streaming businesses can gift coupons to their identified specific customers, using which they can either pay off their subscription fees or unlock premium content for free.               

2. Give Early Bird Discounts

Businesses can create restricted vouchers where maybe the first 100, first 200, or first 500 users can redeem the discount or benefit of the voucher. This can be used to deliver early bird discounts where the first few viewers of new content will have added benefits.                      

3. Promote New Contents

Businesses can promote their newly released content by offering vouchers for that particular content. This will encourage the viewers to watch that content and deliver positive reviews to improve word of mouth.   

4. Promote Content Categories  

Businesses can promote specific categories of content by delivering vouchers that grant access to specific pay-per-view bundles.   

Wrapping Up

Vouchers help reward loyal customers, promote new content, and increase viewer satisfaction. Along with the vouchers, Muvi One offers multiple monetization methods including subscription, ad-based streaming, pay-per-view, PPV Bundles, and much more! Businesses can integrate multiple payment gateways and currencies to scale their revenues at a global level. So why wait? Sign up to start your 14-day free trial today! 

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Written by: Debarpita Banerjee

Debarpita is a Content Writer with Muvi. With around 2 years of experience in content creation, she has worked across industries like SaaS, EdTech, eLearning, AR-VR, and Metaverse. She believes in delivering content that can be of some value to the readers. In her free time, she likes to try her hand at website and app development.

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