DoorDash Selects InComm Payments as Partner to Launch In-App Gift Card Shopping Experience
Rhea-AI Summary
DoorDash and InComm Payments have partnered to launch an in-app gift card shopping experience, allowing consumers to browse, purchase, and order delivery of gift cards from hundreds of merchants within the DoorDash app. The service launches November 29, featuring Black Friday promotions with -time discounts. DashMart, DoorDash's fulfillment platform, will enable physical gift card deliveries through Dashers. DashPass members will receive a 10% discount on select digital gift card orders, while non-members will get 5% off starting December 6.
Positive
- New revenue stream through gift card sales integration
- Enhanced DashPass value proposition with 10% discount on gift cards
- Expansion of DashMart's product offerings
- Additional monetization of existing delivery network
Negative
- Promotional discounts (5-10%) may impact margins
News Market Reaction 1 Alert
On the day this news was published, DASH gained 1.05%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Partnership enhances gift card shopping experience with quick local deliveries from DashMart and other popular merchants within the DoorDash app
"Consumers trust DoorDash to bring them the best of their local neighborhood with ease, speed, value and convenience. We're expanding that experience to gifting by creating a digital gift card mall directly within the app," said Jaime Yeager, Vice President of Global Business Development at InComm Payments. "With our technology and retail network, we are excited to partner with DoorDash to bring this convenient shopping experience offering hundreds of gift card options to consumers preparing for the holidays."
In addition to physical gift card deliveries from local merchants, consumers can conveniently order physical gift cards from DashMart – a new type of fulfillment platform and store from DoorDash that offers businesses big and small a new channel to reach customers. InComm Payments manages the supply of popular gift cards to DashMart locations across the country, enabling Dashers to quickly pick up orders and deliver them to customers.
"DashMart serves as a fulfillment platform for DoorDash customers when they need essential items in a hurry – and during the holiday season that essential item might be a last-minute gift," said Emma Stockdale, Director of New Verticals at DoorDash. "We're thrilled to partner with InComm Payments to make gifting easier and faster during the holidays and beyond."
The partnership also delivers additional value to DashPass, DoorDash's membership program that offers unlimited
For more information or to place a gift card order, visit www.DoorDash.com/consumer/gift-cards or open the DoorDash app. To become a DashPass member, sign up here to access exclusive offers and additional membership benefits.**
For more information about InComm Payments, visit www.InCommPayments.com.
About InComm Payments
InComm Payments is an innovative global payments technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and emerging financial technology solutions through a single integration, helping businesses grow across a wide range of industries including retail, healthcare, tolling & transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connections and alternative payment options to an ever-expanding consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences across the globe. With three decades of experience, over 525,000 points of retail and online distribution, 412 global patents and a presence in more than 40 countries, InComm Payments leads the payments industry from its headquarters in
About DoorDash
DoorDash (Nasdaq: DASH) is a technology company that connects consumers with their favorite local businesses in more than 30 countries across the globe. Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. DoorDash is your door to more: the local commerce platform dedicated to enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers.
Media Contacts
Anthony Popiel
Communications Manager
InComm Payments
apopiel@incomm.com
Emily Kent
Dalton Agency (on behalf of InComm Payments)
InCommPayments@daltonagency.com
540-621-5448
DoorDash Media Contact
press@doordash.com
*From 11/29/24 to 12/5/24 and for DashPass users only, receive
**DashPass benefits apply only to eligible orders that meet the minimum subtotal requirement listed on DoorDash for each participating merchant. Other fees (including service fee), taxes, and gratuity still apply. After signing up for DashPass, you will be charged the then-current renewal price (plus applicable taxes) automatically on a recurring basis until you cancel. DashPass terms (including how to cancel) here.
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SOURCE InComm Payments