FAQ

Here are answers to some of the most common questions we receive from executives across the country. If you have any further questions, please don’t hesitate to connect with SKUx today!

What are Smart Incentives™?

Proprietary ONLY to SKUx, our end-to-end platform combines offer/product details, serialization, funding and settlement to create a risk-free consumer reward virtually fraud free. The result – new incremental revenue, improved efficiency and laser sharp transparency for all industry stakeholders – Retailer, Brand, and Marketers.

Is a SKUx offer the same as a coupon?

No. Our patent-pending, serialized offers, payments and real-time data represents a completely new category – leveraging the latest digital advancements in FinTech, Blockchain and Artificial Intelligence.

Is the SKUx solution coming soon or currently active in-market?

Active in-market. Our solution is the combination of years of forward-thinking technology development and investment, led by some of the industry’s brightest minds, advisors, and most experienced retail leaders.

Is a third-party clearinghouse required?

No. Our patent-pending, serialized offers, payments and real-time data represents a completely new category – leveraging the latest digital advancements in FinTech, Blockchain and Artificial Intelligence.

How does the consumer receive their reward?

Nearly infinite ways. As a platform as a service, we are agnostic to audience type. Our partners can engage any audience they choose – by Text, Email, Mobile, Social, Web, Banner Ads, QR Code, etc. It’s up to you, so let your imagination run wild!

How long does it take for consumers to receive a SKUx-powered offer?

Nearly instantaneous. Offers can be delivered as fast as a text message sends or as fast as a webpage can load. Consumers receive the offer almost immediately and seamlessly. The entire process from issuance to redemption is available in real-time for SKUx partners, with save-to-wallet features and robust notification tools to help increase product redemption rates.

What happens if a consumer does not use their offer?

In the SKUx model, companies are not charged until the product is purchased. We have multiple innovative and patent-pending processes to manage funding – from receipt reduction to product-level cash back rewards. Regardless of the type or delivery method, our offers can always be traced one-to-one, eliminating fraud and ensuring ROI for partners.

When does the offer expire?

By default, offers will expire 12 months after activation but can be set in any time length as determined by the retailer, brand, or agency partner.

Where can consumers redeem their offers?

SKUx is quickly becoming the nation’s leading network for promotional offer redemption. Consumers can use their offers to redeem at targeted big box and grocery retailers, with international expansion coming soon.

I'm a retailer. Is POS integration required?

No. One of our main innovations is a core solution which does NOT require any point-of-sale integration. That said, additional features and benefits can be enabled when we work directly with our retail partners. 

I'm a brand. What is the lead-time to activate a campaign?

We are ready to go live as soon as you are! All we need is your approved content. We understand the need for brands to stay nimble and flexible with their budgets in today’s unprecedented retail environment.

I'm a marketing agency. Can I create my own offers without utilizing a 3rd-party provider?

Yes. As a platform as a service, our goal is to empower your agency to be more effective and add more value and capabilities for your trusted clients.

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