What is a fixed value voucher?

A fixed value voucher is specifically designed to offer a set amount of money that can be used towards purchases. This type of voucher provides straightforward value, allowing customers to apply the specified amount as a discount on their total transaction, making it clear and user-friendly for both consumers and retailers.

This method of discounting incentivizes customer purchases and can boost sales, as consumers are often more likely to redeem a voucher that offers a specific monetary value rather than a percentage, which may be less tangible in terms of immediate savings.

In contrast, other options like percentage discounts or limitations based on retail locations do not align with the definition of a fixed value voucher, which is exclusively about a defined cash amount. Vouchers that cannot be used in transactions do not serve the primary purpose of facilitating customer exchanges and thus would not be classified as a fixed value voucher either.