Glance has explored and tested several different monetization strategies for its products. Current and future monetization opportunities for the Glance Pay platform include monthly and annual SaaS model fees to the merchant, transaction fees, licensing fees, promotion and advertising fees, and consumer fees for premium services.
The philosophy behind monetization options is to give partner businesses a return on investment that translates into increased customer retention, a larger number of customers, and higher-value transactions overall. These outcomes can be directly attributed to the main features of the Glance Pay App, such as payment efficiencies, promotions, events and Glance’s own loyalty rewards program. We plan to continue adding a number of services and features to our platform that could be used to earn additional revenue such as Order from Table and Real-Time Bill.
Having a connection to the Glance Pay user base also allows merchants to achieve and raise the bar for their operational and revenue goals. We believe we have an opportunity to provide services which can compete with large payment companies without requiring special hardware to combat fraud.