Giftbit enables you to easily send gift cards to your employees so that you can reward them for their hard work and celebrate big days and special occasions. However, the platform is limited to sending gift cards and you don’t get all your money back when gift cards go unclaimed. 

Luckily, there are plenty of other employee rewards solutions out there that offer the same functionality and more so that you can give your employees rewards they truly deserve. 

Need help figuring out the best Giftbit alternative for your employee reward and incentive program? You’ve come to the right place. We’ve compiled a list of the six best Giftbit alternatives worth considering so that you can find the perfect solution for your employees.

An Overview Of Giftbit For Employee Rewards

Giftbit is a user-friendly system designed to help companies easily buy, send, and track digital cards. You can use the platform to recognize and reward employees, incentivize and retain clients, or attract and engage research participants.

The platform lets you customize the cards with your logo and add personalized messages to make recipients feel more appreciated. There is a catalog of brands (mainly within the U.S. and Canada) you can offer recipients and they can pick their favorite one to redeem their card. 

Giftbit supports sending gift cards in bulk conveniently through different channels, including email or text. And your employees have a chance to claim their rewards online or offline. It’s as simple as it sounds. For unredeemed cards, you get refunded up to 50% of the card’s value. 

Despite all of the above, Giftbit is limited in functionality. Their reward offers are quite generic and often don’t consider various employee interests or needs. Also, for most vendors, the amount redeemable is fixed – you can’t change it to offer higher rewards. You may also run into technical glitches that can be disruptive.

There are several alternatives that work better than Giftbit and can help you gain more from your rewards program. It’s critical for you to find the right platform for your business for a number of reasons, which we’ll outline below.

The Importance Of Employee Rewards & Incentives 

A formal, consistent employee rewards and incentive program is essential because it:

Boosts Employee Morale And Motivation

Taking the time to recognize and reward your team members boosts their morale. It shows you care about their contribution to your company, and this motivates them to stay dedicated to achieving your business goals.

Increases Engagement, Productivity, And Performance

Your workforce’s engagement, productivity, and performance increase by 14% when you have a genuine and robust rewards program. 

The reason for this is simple: If you recognize work well done and reward your team members for it, they’re likely to keep showing up and doing their best. You’ll achieve your business objectives faster this way. Otherwise, you might end up working with individuals who only do the bare minimum, hindering your growth.

Retains Talent And Saves You Money 

Rewarding and appreciating your employees helps you retain top talent. This can save you over $16M in turnover annually. It’s cheaper to consistently reward your workforce than to replace them.

Keeping individuals on board longer also helps them build more relevant on-the-job experience. They become industry experts with time and can propel your company to new heights.

Enhances Workplace Culture

Building a rewards program that focuses on company values (as opposed to sales and speed only) enhances a positive workplace culture. 

A positive workplace culture is fundamental to your business’s success. Employees feel connected to the company and understand how their actions fit into the bigger picture. As a result, they become more committed and loyal. Positive vibes in the workplace also enhance teamwork and collaboration.

6 Best Giftbit Alternatives For Employee Rewards & Incentives 

Now that you’ve seen how beneficial an effective rewards program can be, take your time to explore our list of the best Giftbit alternatives. Then you can pick the right platform to help you build a comprehensive and scalable program suitable for your organization.

1. PerkUp

PerkUp is more than an employee rewards and incentives platform. It’s outstanding because its features are suitable for both recognition and appreciation, enabling you to care for your employees in a way that improves their lives while maximizing engagement, loyalty, and performance.

The platform integrates with your HRIS system and lets you connect your employee directory in a few clicks. Then, your employees get personal accounts they can use to accept any rewards you send.

Whenever you want to reward your employees, you can send cash that can be redeemed on a virtual Visa card. Your employees can then use the funds to meet their actual needs in various categories such as lifestyle, wellness, fitness, food, home and office, education, etc.

You can customize the reward with personalized messages and fun emojis, GIFs, and themes to make the gifting experience fun and memorable. Your team members will feel more valued, too.

Imagine receiving a personalized birthday or work anniversary message with a reward, including a self-care perk. And you can spend it in whichever way self-care or wellness means to you – a full spa day? Massage therapy? How appreciated would you feel?

Besides monetary rewards, you can offer lunch stipends, swappable tangible gifts from the platform’s gift catalog, and branded swag, which you can send to your team members in over 130 countries. 

Main Features

• User-friendly interface that is intuitive and easy to use. Team members can track their PerkUp balance and control their spending from their accounts.

• Bulk sending, which allows the sending of rewards individually or in bulk.

• Integrations – PerkUp connects with several HRIS and payroll apps plus web services. These include Bamboo HR, Gusto, Bob, Justworks, Namely, and more. 

• Highly scalable. You can offer more rewards by adding more funds to cards.

• Cost-effective. Pick a plan that fits your budget, then pay per user per month. You’ll get a full refund for all unclaimed funds and can automatically scale as your business grows and the employee directory expands.

• Meaningful gift options. Offer unique rewards that meet immediate employees’ needs.

• Superior automation. PerkUp keeps your employee directory current and up-to-date with automated syncs every 24 hours. This promotes timely gifting. 

• Extensive gift options. PerkUp’s store offers over 1,000 different gift options to choose from. In addition, you can send your employees gift cards or cash rewards, giving them the power to choose what they want as a reward. PerkUp also integrates with Amazon so you can shop for Amazon products directly through the platform. 

• Company swag. With PerkUp, you can create your own company swag store. The platform handles all the orders, stock, and fulfillment for you. 

Find out what other companies think about PerkUp by checking out our reviews. 

2. Awardco

Awardco is a great Giftbit alternative for enhancing workplace culture. It focuses on providing value-driven recognition and rewards. You can set up the tasks or goals you’d like to incentivize with a specific number of points, and your employees will claim the points after completing the task. They then have the option to redeem their points and use them to purchase specific items equivalent to the points’ value.

The platform partners with Amazon Business, meaning your team members will have millions of gift options – everything Amazon offers in its extensive product catalog, plus more from other popular brands. 

Awardco also allows team members to recognize and appreciate co-workers’ efforts by sending appreciation messages through the system. Such recognitions are based on actions related to the company’s core values. This is a cool feature that fosters teamwork and collaboration.

Consider your budget keenly if you want to use this option. Pricing is based on your business type – whether it’s an SMB or enterprise-level company, but doesn’t consider how long you’ve been in business. It might be expensive if you’re a small business in the early stages of growth.  

Main Features

• Extensive gift catalog: Provides millions of products to choose from.

• Lifestyle Spending Accounts (LSA): You can set up LSAs for your employees where they receive regular points that they can choose to use on purchases that meet their needs. 

• Peer-to-peer appreciation: Co-workers can appreciate each other, reinforcing core company values.

• ROI calculator: This feature helps you track the performance of your incentive programs.

To learn more about the platform, you can check out our go-to Awardco review for employee rewards and recognition.

3. Guusto

If you’re looking for an employee rewards alternative to help cater to frontline, deskless, and typical office employees, Guusto is a good option.

The platform offers a different approach to employee recognition and appreciation. Your team members don’t have to be in the system to receive recognition for their contribution to your company. There are print-out options to support sending gifts offline in addition to the usual web and mobile app options for redeeming online gift cards. 

Recipients can donate their reward to their preferred charity organization or redeem it by purchasing goods from several (60,000) partner merchants. They can split their rewards to buy different items from various merchants or consolidate them and make a substantial purchase. 

Other gift options include branded company swag and custom rewards like tickets to a concert or game.

Employees can nominate their colleagues for rewards, promoting a positive working culture. The platform also lets you allocate reward budgets to team leaders. They can use this as they see fit to motivate their teams to achieve various objectives. 

Guusto donates a day of clean water for every gift sent to promote sustainable access to safe drinking water and sanitation. 

The platform’s pricing is fair and transparent, but its gift customization options are limited.

Main Features

• Multiple partner merchants: Offer recipients a variety of gift card options to choose from.

• Reward split and consolidation: Let employees control how they redeem their gifts.

• Peer-to-peer recognition: Colleagues can recognize each other's hard work and achievements, which can enhance your workplace culture.

• Cost-effective: Uses a transparent dollar-to-dollar value approach. No set-up or shipping fee needed. You also get a full refund if rewards go unclaimed.

For more insight into how Guusto works, read our complete Guusto review for the lowdown on its features and its pros and cons. 

4. Tremendous  

Tremendous is among the best options for sending monetary or cash rewards. It connects with popular payment platforms like PayPal and Venmo, allowing you to send cash to recipients in over 200 countries. 

You can also send ACH transfers in bulk for recipients in the U.S. or offer rewards in the form of gift cards, including Amazon gift cards and prepaid cards. 

Overall, Tremendous serves three use cases:

• employee recognition to boost productivity

• sales and marketing to incentivize clients

• and research to engage survey participants

Recipients are free to use the cash as they wish or redeem their gift card at more than 1,000 top brands and retailers. They can also choose to donate their reward to a worthy cause.

Tremendous works well for businesses of all sizes and research firms. Its pricing isn’t very straightforward, though. Your fee increases depending on how you fund your account and the reward options you send.

Main Features

• Cash disbursements for easy and simple rewards.

• Gift card API that enables you to automate the delivery of rewards.

• Multiple brands where recipients can redeem their cards.

• Integrations through Zapier – connect Tremendous with your existing software systems to simplify your workflow.

Want to learn more about this platform? Then read our full Tremendous review for a breakdown of its features, pros, cons, and more.

5. Tango Card

Tango Card lets you run reward and incentive programs for both employees and customers. You can offer rewards as gift cards from hundreds of top brands and prepaid cards, as most reward platforms do. Or, you can offer cash payouts through PayPal, ACH, and direct deposit.

Sending the rewards is pretty straightforward – you either do it yourself through the platform’s self-serve dashboard. You could also automate the process using its gift card API and SaaS integration features. The API integration feature might require some effort to get running, but once it’s up, managing your rewards program becomes simple.

Recipients can redeem their rewards as cash, items from popular brands like Amazon and Target, or charitable donations to over 30 non-profit organizations.

One major drawback worth noting about Tango is the fees. The platform’s pricing falls on the higher end as the costs can add up fast depending on the rewards you distribute. Its customization options are also limited. 

Main Features

• Multiple reward options including cash payouts, gift cards, prepaid cards (Visa and Mastercard), and charity donations. 

• Wide selection of popular brands to choose from when selecting gift cards.

• Gift card API that integrates into your system so that you can automate reward delivery. 

• SaaS integrations for implementing rewards and incentives directly within your systems. Its current integrations include Salesforce, Qualtrics, and Zapier.

You can learn more about Tango Card by checking out its customer reviews here. 

6. Nectar HR 

Nectar HR focuses on improving workplace culture to increase employee engagement and promote the company’s core values. It introduces a social element to employee recognition and appreciation. 

You onboard your entire team onto the platform’s website, where all members (managers and employees) can publicly recognize each other’s efforts through a social recognition feed. The recognition and appreciation messages come with points team members can gather and redeem as digital gift cards.

They’ll then use the cards to purchase their items of choice at various popular outlets worldwide. Team members can also redeem their points as branded swag gifts.

Because of its minimum monthly charges, Nectar HR can be costly for small and medium-sized businesses. Larger organizations qualify for discounts.

 Main Features

• Peer-to-peer social recognition for boosting employee engagement.

• Several digital cards from popular stores and restaurants for team members to redeem points

• Employee feedback features make it easy to create surveys and get helpful feedback to improve your reward program and other business processes.

• Challenges feature with which you can set up challenges for your employees, giving them opportunities to win points that they can redeem for rewards. 

If you’d like to find out more about this platform, we’ve got you covered. Read our complete Nectar HR review where we outline its main features and its pros and cons. 

Final Thoughts

If you’re looking for a Giftbit alternative that can drive employee engagement and improve your bottom line sustainability and affordably, try PerkUp. With a catalog of over 1,000 gifts as well as gift cards, cash rewards, branded swag, and an integration with Amazon, the options for rewarding your employees are endless! 

What employees love most about PerkUp is how they receive meaningful rewards that improve their lives beyond the workplace. It makes them feel appreciated and valued. As a result, you get highly motivated team members who are loyal and committed to your company’s success. It’s a win-win for all parties involved. 

Here are a few case studies you can check out to see how PerkUp breathes life into organizations and drives their success. Book a free demo today to understand what’s in it for you.