Magnet

Magnet is an advertising platform that connects you to customers in your local area.

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About Magnet

Magnet connects customers to your business through card-linked promotions from banks, credit unions, and digital media publishers. This automated platform enables restaurants and other businesses to create and place their own offers for free. Magnet promotes your offer to customers making purchases in your area through social, digital, and email channels at no cost to you. Free promotion just when you need it! You only pay a small marketing fee tied to transactions made by a card-linked customer.

This platform has already helped thousands of local businesses drive more traffic and can help your establishment during this time and beyond.

Only pay when a transaction occurs

No startup costs to place an offer on the platform. You control the details of the offer and only pay a marketing fee when a customer makes a qualified purchase with you.

Millions of participating customers

Marketing to millions of customers through our network of banks, credit unions, digital media publishers using locally targeted mobile, social, and email promotions.

Transaction reporting and monitoring

You control your offer and spend levels. Real-time reporting makes it easy to track performance and adjust your offer and spend as desired.

Why Magnet?

Simple sign-up, get started in a few days
You control your customer offer

Real-time reporting of every transaction
You set the budget for what you spend on marketing

Only pay a small marketing fee when a card-linked purchase is made
Reach a large, walled network of local customers

How it Works

Using Magnet in 3 easy steps:

1. Create Your Offer

You know your business and what drives customer traffic and encourages purchase. Create a custom offer, like 5% or 10% cashback. The customer pays for the full transaction and Magnet bills you each month to collect the customer cash back and a small marketing fee tied to each card-linked transaction.

2. We Communicate the Offers

Each day your offers are showcased to millions of local customers promoted through mobile, social, and email channels.

3. You only pay when a card-linked purchase is made

Your offer is published for free. At the end of the month, you pay for your customer’s award and a small marketing fee for each sale delivered from Magnet.

Sign up and start attracting more customers

Try this unique advertising platform for local businesses for free. You only pay when a transaction is made from a card-linked customer. There are no set-up fees, minimums or hidden charges. Sign up today and get 33% off your per transaction-based marketing fee now through end of July 2020.¹

¹ Magnet’s marketing fee is 15% of the full price sale, including tip. As a response to the COVID-19 crisis, we’re offering a 33% off introductory offer from May 1 through July 31st, reducing the marketing fee to 10% of the total purchase price.