How does Tremendous Make Money?

Tremendous is a US-based fintech company. This company was founded in 2010 with a mission to help most businesses with payment so that they can pay anyone throughout the world in seconds. Thousands of businesses are using Tremendous to send millions around the world.

It is the easiest way of distributing digital incentives and rewards globally. One can use tremendous to receive instant rewards with gift cards, prepaid Visa cards, cash, and more. Tremendous keep this process simple for big or small companies to buy, track, and incentive management at scale. Also, customers can send their rewards individually in bulk using the Tremendous platform or automatically by integrating with our API.

Tremendous is working with multiple top brands around the world using specific cases:

Market research
Customer loyalty
Referrals
Health and Wellness
Employee Rewards
Consumer promotions
Many other use cases

The dashboard of tremendous allows you to track the distractions of your team funds and generate advanced project reports. It automatically handles payment failures like incorrectly entered account numbers, and the support team is available for all your recipient’s payment-related inquiries. Tremendous also minimizes the operational challenge of funding multiple payment vendors.

Table of Contents

Features of Tremendous

Reward Catalog – Tremendous offers an extensive catalogue of gift cards. Users can redeem their gift cards for many purposes, like merchants, retailers, etc.
Customization – This feature allows users to customize their reward catalogue. Users can also add personalized messages for reward recipients.
Bulk Ordering – Tremendous allows users to order and send gifts in bulk.
Budget Management – Tremendous offers many features for budget management and funds for teams or individuals.
Dashboards – With a centralized dashboard, users can track reward deliveries, view account history, and take administrative actions.
Analytics and reporting – Tremendous offers dashboards to track reports and analytics. It also tracks orders, deliveries, and redemptions.
User, Role, and Access Management – Tremendous grants access to choose data, features, objects, etc., to the users. It depends on the users, user role, groups, etc.
Integrations – The integration of Tremendous is based on 99 reviews. It integrates with other software solutions and automates the delivery of rewards and incentives.
Amazing API – API integration has been amazing for many platforms. With API
Effect tool for market research campaign – Tremendous can automate manual incentive programs to save time. Setting up the tremendous campaign is very simple, which has become a standard part of tremendous engagement with clients.

Pricing of tremendous

Tremendous has two pricing editions that are $0 and $0. Yes. Tremendous does not charge anything for any edition. Users can also get a free trial.

However, tremendous is free, but it does charge for a few rewards you send and some additional features.

Very few charges on subscription
You have to pay for the face value cost of payment.
Account setup takes a few minutes
Charges on design, onboarding, and all other advanced features
More than 800 redemption options across 200+countries/territories
Small fees for specific features that allow monetary withdrawals, sending physical prepaid cards, funding by credit card

Pros and Cons of Tremendous

Pros

Dashboard navigation. Also, the options and choices for rewards are available for the employees.
Tremendous offers more referrals and event attendees to integrate into our campaigns.
It is very easy to get everyone on the platform due to the intuitive API and ease of use.
Tremendous is affordable and easy to use and offers many options for reward.
Offers easy and streamlined incentive pay.
Tremendous is secure and compliant and offers quick customer service.
Multiple opportunities to build personalized templates to send to clients.
Great functionality, accessibility, and ease of use.
Capable of sending gifts and rewards throughout the world.
It helped many customers streamline the process of incentivizing our members and improved our reputation.

Cons

According to some customers, the customer service could be faster and easier to contact sometimes.
Some clients needed help getting the link to activate the account. But the after process is smooth.
The recipient gift card links are susceptible to theft if the email is compromised for some reason.
Lack of options for global customers and employees.
Sometimes, it isn’t easy to find the analytics of some specific things, like creating custom fields on incentives for particular projects.
PayPal/Direct Deposit costs extra for the entire campaign.

Conclusion

If you are looking for an easy way to send your rewards and payouts to the world, Tremendous is the best option. It is able to handle the tricky stuff so that you can easily send incentives to research the participants, sales products, and employees from more than 200 countries. Tremendous also offers 1,000 different redemption options to give your recipient a choice among the gifts.