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Edhance is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

 operating a student discount program. The company allows college students to register up to five existing Visa or Mastercard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...

 credit or debit cards and automatically receive discounts when shopping with participating merchants.

The company was founded in 2008.

Card model

Edhance uses a registered card model to send discounts to students in the form of automatic cash back. Once a student has registered their card with Edhance any time that student uses that registered card at a participating "card model" retailer, the transaction is automatically sent to Edhance and a discount will be processed into that students Edhance account. Card model discounts are typically between 5% and 25% off.

Online model

In addition to the "card model" Edhance offers discounts for online deals. In order to access these deals, Edhance members must be logged into the site and click through affiliate links. Unlike the card model, the Edhance member does not need to make a purchase with a card they registered. However, in order to cash out their discount the member must have a card registered to the program. Online model discounts range from 1% to 50% off.

Payout Thresholds

Money accrues in students Edhance accounts until they reach a payout threshold of $10 or $25 based on the personal settings of each user. $25 payouts are free of charge. $10 payouts subtract a $0.50 fee from the Edhance users account (if a member is cashing out exactly $10, they will actual receive $9.50 and $0.50 will be kept by Edhance for the early cash out fee).

Payouts are automatically sent directly to members registered card as soon as the member reaches the payout threshold. Edhance does not send checks.

Student base

Edhance is the largest student discount program in the United States in Terms of members. As of June, 2010 Edhance has over 1.5 million members signed up for the discount program.

Signing Up

Edhance is completely free for students. Sign up takes place online at https://www.edhance.com/member/signup/profile and typically takes less than 2 minutes to complete registration.

Enrollment verification

Edhance utilizes StudentsOnly enrollment verification technology U.S. Patent 7209931 to check whether or not members are currently enrolled at any accredited university or college across the United States.

Edhance is able to verify students in most cases in real time through relationships with universities. When a student is unable to be verified in real time and Edhance agent will contact the student to verify their status using documentation including but not limited to school transcripts, student I.D. cards, course schedules, tuition bills, etc.

Cash Flow

Edhance never charges students for being part of the program. Edhance operates on an entirely pay for performance base with merchants and charges a commission based on student business that Edhance sends to the merchant. Merchant's do not have sign up costs or membership fees. A merchant registered with Edhance is only charged if and when a student registered with Edhance makes a purchase.

Edhance has no restrictions on merchant size. Small local businesses as well as nationwide chains are eligible to sign up for the program.

Notable merchants

Companies like Apple
Apple
The apple is the pomaceous fruit of the apple tree, species Malus domestica in the rose family . It is one of the most widely cultivated tree fruits, and the most widely known of the many members of genus Malus that are used by humans. Apple grow on small, deciduous trees that blossom in the spring...

, Target
Target Corporation
Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart. The company is ranked at number 33 on the Fortune 500 and is a component of the Standard & Poor's...

, Barnes & Noble
Barnes & Noble
Barnes & Noble, Inc. is the largest book retailer in the United States, operating mainly through its Barnes & Noble Booksellers chain of bookstores headquartered at 122 Fifth Avenue in the Flatiron District in Manhattan in New York City. Barnes & Noble also operated the chain of small B. Dalton...

, Qdoba, Fuddruckers
Fuddruckers
Fuddruckers is an American fast casual, franchised, restaurant chain that specializes in hamburgers. In 2011 Fuddruckers had 56 company-operated restaurants and 129 franchises across the United States with one in Saskatchewan, Canada and four in Puerto Rico...

, Walmart, Reebok
Reebok
Reebok International Limited, a subsidiary of the German sportswear company Adidas since 2005, is a producer of Athletic shoes, apparel, and accessories. The name comes from the Afrikaans spelling of rhebok, a type of African antelope or gazelle...

, Sephora
Sephora
Sephora is a chain of cosmetics stores founded in France in 1970 and acquired by Paris-based conglomerate LVMH in 1997. The Sephora chain includes more than 750 stores in 17 countries...

, The North Face
The North Face
The North Face, Inc. is an American outdoor product company specializing in outerwear, fleece, shirts, footwear, and equipment such as backpacks, tents, and sleeping bags....

, Toshiba
Toshiba
is a multinational electronics and electrical equipment corporation headquartered in Tokyo, Japan. It is a diversified manufacturer and marketer of electrical products, spanning information & communications equipment and systems, Internet-based solutions and services, electronic components and...

, Puma
PUMA AG
Puma SE, officially branded as PUMA, is a major German multinational company that produces high-end athletic shoes, lifestyle footwear and other sportswear. Formed in 1924 as Gebrüder Dassler Schuhfabrik by Adolf and Rudolf Dassler, relationships between the two brothers deteriorated until the two...

, Drugstore.com
Drugstore.com
Drugstore.com is an Internet retailer in health and beauty care products headquartered in Bellevue, Washington. Its web operations were launched on February 24, 1999....

, Adidas
Adidas
Adidas AG is a German sports apparel manufacturer and parent company of the Adidas Group, which consists of the Reebok sportswear company, TaylorMade-Adidas golf company , and Rockport...

 and PacSun offer student discounts via Edhance.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
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