GAIN, The Gift Associates Interchange Network is a member-driven association that utilizes an Online Credit Interchange database to share credit data. Companies in giftware, greeting card, toys, and related industries comprise the membership from across the U.S. and Canada. These professionals meet regularly to provide credit data and engage in account discussions, share ideas and experiences, and provide information that supports informed decision making.
GAIN’s online credit interchange database, www.goamega.com, is available 24/7 and contains A/R experience on thousands of customers, including major national retailers. Members of GAIN are required to provide their active account experience on a monthly basis; and most members provide A/R data through a secure file transfer protocol (SFTP) online portal. Members also regularly report Flash alerts, which are notifications of urgent changes in customer status.
Flash alerts can save members thousands of dollars by providing real-time notification of significant events like bankruptcies, NSF checks, and accounts placed for collection.
Members of credit interchanges, which have been in existence for more than 100 years, have found that sharing information helps everyone in the group become more profitable. No member has a competitive edge over any other as information is shared equally, and despite sharing credit and accounts receivable information, members are not able to access a list of their competitor’s accounts.
As the management organization for GAIN, ABC-Amega monitors the group to ensure information shared is factual and in compliance with antitrust guidelines.
GAIN offers a wide range of services and pricing options. The ultimate cost is determined by the number of credit reports a member orders each year. To receive more information contact Erika Rayer, Associate Director, Credit Services, [email protected]