First, it’s critical to note some basic statistics regarding customer retention vs customer acquisition rates. You might already know that every dollar spent on customer retention (keeping your existing customers) will yield 5x better returns than a dollar spent on customer acquisition (acquiring new customers).
This is why every feature in the Wallet platform is designed to improve your customer retention rates. The entire platform provides a range of services that focus on increasing the number of repeat purchases from your customers. For a more detailed example, please visit our YouTube channel or create a free account to get started.