Cashfree BNPL Plus vs Koin Cashback & Store Creditfor Shopify (2026)
Cashfree BNPL Plus and Koin Cashback & Store Credit both aim to enhance the customer experience and drive sales on Shopify, but they achieve this through different mechanisms. Cashfree BNPL Plus focuses on providing 'Buy Now, Pay Later' (BNPL) options and instant EMI visibility on product pages to reduce cart abandonment and increase average order value. Its primary strength lies in its no-code integration and ease of use, targeting merchants who want to offer BNPL without complex technical implementation. Koin, conversely, centers on building customer loyalty and retention through cashback and store credit programs. It's a marketing tool designed to encourage repeat purchases by rewarding customers for specific actions. Koin’s features cater to both D2C and B2B models (especially Shopify Plus), offering a robust dashboard and automation capabilities. The primary difference is that Cashfree is focused on payment flexibility upfront, while Koin is focused on loyalty and retention post-purchase.
At a Glance
Cashfree BNPL Plus
1 reviews
Koin Cashback & Store Credit
57 reviews
Detailed Overview
Cashfree BNPL Plus
Become the preferred online shopping site - provide extreme convenience to your customers
Key Features
- Intelligently displays the best offers or EMIs on product page
- Supported after Cashfree Payments app is installed and activated
- No coding effort, just add Cashfree’s BNPL Plus from Shopify app store
Koin Cashback & Store Credit
Use native Store Credit to set cashback and rewards for any customer action that drives retention.
Key Features
- Set cashback rates by product/order, for D2C customers or B2B company locations
- Automate with pre-built Shopify Flow templates or create your own
- Bulk or single edit (credit/debit) store credit from customer accounts
- Promote rewards with widgets and send automated emails for store credit issuance
- Track and manage store credit effortlessly with intuitive dashboard
Feature Comparison
| Rating | 5/5 | 5/5 |
Rating Cashfree BNPL Plus5/5 Koin Cashback & Store Credit5/5 | ||
| Reviews | 1 | 57 |
Reviews Cashfree BNPL Plus1 Koin Cashback & Store Credit57 | ||
| Core Functionality | BNPL and EMI Options | Cashback and Store Credit Rewards |
Core Functionality Cashfree BNPL PlusBNPL and EMI Options Koin Cashback & Store CreditCashback and Store Credit Rewards | ||
| Target Merchant | E-commerce stores seeking easy BNPL integration | Businesses focused on customer retention and loyalty programs (D2C/B2B, Shopify Plus) |
Target Merchant Cashfree BNPL PlusE-commerce stores seeking easy BNPL integration Koin Cashback & Store CreditBusinesses focused on customer retention and loyalty programs (D2C/B2B, Shopify Plus) | ||
| Implementation Complexity | No-code, requires Cashfree Payments app | Shopify Flow templates, dashboard management |
Implementation Complexity Cashfree BNPL PlusNo-code, requires Cashfree Payments app Koin Cashback & Store CreditShopify Flow templates, dashboard management | ||
| Value Proposition | Reduce cart abandonment, increase AOV through flexible payments | Boost repeat purchases and profit margins through loyalty rewards |
Value Proposition Cashfree BNPL PlusReduce cart abandonment, increase AOV through flexible payments Koin Cashback & Store CreditBoost repeat purchases and profit margins through loyalty rewards | ||
| Reporting & Analytics | Not explicitly stated | Intuitive dashboard for tracking store credit |
Reporting & Analytics Cashfree BNPL PlusNot explicitly stated Koin Cashback & Store CreditIntuitive dashboard for tracking store credit | ||
| B2B Support | Not explicitly stated | Specifically supports B2B company locations on Shopify Plus |
B2B Support Cashfree BNPL PlusNot explicitly stated Koin Cashback & Store CreditSpecifically supports B2B company locations on Shopify Plus | ||
Our Verdict
For merchants primarily concerned with immediately boosting conversion rates by offering flexible payment options at the point of purchase, Cashfree BNPL Plus is a simpler, more direct solution, especially if they are already using or willing to use Cashfree Payments. Its ease of use makes it appealing for businesses of all sizes looking for a quick win. However, the very limited number of reviews suggests caution and the need for further research.
In contrast, Koin Cashback & Store Credit is a more strategic investment for merchants who prioritize long-term customer loyalty and repeat business. Its robust features and automation capabilities make it well-suited for businesses with established customer bases and marketing strategies. The larger number of reviews indicates a more established product with a wider user base. Koin's support for B2B, specifically on Shopify Plus, also makes it a clear winner for those businesses.
Common Questions
Which app is easier to set up?
Based on the descriptions, Cashfree BNPL Plus is likely easier to set up due to its no-code nature. Koin offers automation but requires setting up rates and possibly using Shopify Flow, implying more configuration.
Which app is better for increasing average order value (AOV)?
Cashfree BNPL Plus directly aims to increase AOV by displaying EMI options on the product page, encouraging customers to purchase more. Koin indirectly increases AOV through repeat purchases driven by cashback.
Which app is better for retaining existing customers?
Koin Cashback & Store Credit is explicitly designed for customer retention by rewarding repeat purchases and fostering loyalty with store credit.
Which app has a more proven track record?
Koin Cashback & Store Credit appears to be the more established app, evidenced by its significantly higher number of reviews (57 compared to Cashfree BNPL Plus's 1).
Do these apps work independently?
Cashfree BNPL Plus requires the Cashfree Payments app to be installed. Koin appears to operate independently, utilizing Shopify-native store credit.
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