Reka money cycle
|
3% for Reka business CHF 100 worth of Reka money redeemed
= cash benefit
CHF 97.-- |
|
CHF 100 in Reka money 1.5% Initial reduction by Reka CHF 100 in
Reka money
= CHF 98.50 |
Acceptance partners
(e.g. railways, hotels, restaurants, travel agencies) |
|
Issuing partners
e.g. employers,
employee organisations,
Coop |
Full-value (full-blown) payment instrument (same as cash, Postcard or Maestro Card)
CHF 100 in Reka money = CHF 100 |
|
Reduction 3% - 20%(average 16%)
CHF 100 in Reka money
Cost: CHF 84 |
Using Reka money
|
Reka money – How does it work?
The Reka money cycle works according to the solidarity principle, with each partner in the cycle contributing to the system. When you buy CHF 100 worth of Reka money, you pay between CHF 80 and CHF 97 depending on the issuing partner. But when you spend it, Reka money is worth its full face value. In the Swiss tourism sector, some two million customers use Reka money as a payment instrument. The discount is financed by Reka and the issuing partners. These include over 3,500 companies that issue Reka money to their employees as a fringe benefit. Other issuing partners are mostly employer associations (5–10% discount) and bigger branches of Coop (3% with Coop Supercard).