Koin Cashback & Store Credit and SpurIT Installment Invoices both aim to improve customer loyalty and sales, but they address different aspects of the customer journey. Koin focuses on post-purchase engagement by offering cashback and store credit as rewards for various actions, promoting repeat purchases and retention. Its strength lies in its flexible store credit system and automation capabilities, targeting merchants looking to build customer loyalty through incentives. On the other hand, SpurIT Installment Invoices targets pre-purchase behavior by enabling customers to buy now and pay later in installments, increasing average order value by making higher-priced items accessible. The core difference lies in their payment approaches. Koin encourages future purchases through earned rewards, while SpurIT focuses on facilitating the initial purchase through installment options. Koin's features are centered around creating a loyalty ecosystem through store credit, managing and tracking rewards, and automating processes. SpurIT's features are designed to create flexible payment plans, manage recurring invoices, and customize the installment experience. The choice between the two depends on whether the merchant prioritizes rewarding existing customers or attracting new customers with flexible payment options.
57 reviews
8 reviews
Use native Store Credit to set cashback and rewards for any customer action that drives retention.
Earn customer loyalty by letting them buy now, pay later. Offer flexible installment payment options
| Rating | 5/5 | 4.4/5 |
Rating Koin Cashback & Store Credit5/5 SpurIT Installment Invoices4.4/5 | ||
| Reviews | 57 | 8 |
Reviews Koin Cashback & Store Credit57 SpurIT Installment Invoices8 | ||
| Focus | Customer retention (cashback/store credit) | Increased AOV (installment payments) |
Focus Koin Cashback & Store CreditCustomer retention (cashback/store credit) SpurIT Installment InvoicesIncreased AOV (installment payments) | ||
| Payment Timing | Post-purchase (rewards) | Pre-purchase (financing) |
Payment Timing Koin Cashback & Store CreditPost-purchase (rewards) SpurIT Installment InvoicesPre-purchase (financing) | ||
| Key Feature | Shopify-native store credit | Recurring invoices for installments |
Key Feature Koin Cashback & Store CreditShopify-native store credit SpurIT Installment InvoicesRecurring invoices for installments | ||
| Target Merchant | Businesses wanting to build loyalty programs | Businesses selling higher-priced items |
Target Merchant Koin Cashback & Store CreditBusinesses wanting to build loyalty programs SpurIT Installment InvoicesBusinesses selling higher-priced items | ||
| Ease of Use (inferred) | Potentially simpler due to focus on a single currency | Potentially more complex due to managing installment schedules |
Ease of Use (inferred) Koin Cashback & Store CreditPotentially simpler due to focus on a single currency SpurIT Installment InvoicesPotentially more complex due to managing installment schedules | ||
| Value Proposition | Increased customer lifetime value through rewards | Increased sales by making items more affordable |
Value Proposition Koin Cashback & Store CreditIncreased customer lifetime value through rewards SpurIT Installment InvoicesIncreased sales by making items more affordable | ||
For merchants primarily focused on rewarding existing customers and fostering long-term loyalty through a cashback and store credit system, Koin Cashback & Store Credit appears to be the stronger choice, especially given its higher rating and significantly more reviews. Its seamless integration with Shopify's native store credit system offers a streamlined approach to rewards management. On the other hand, if the main goal is to increase sales by making higher-priced items more accessible to a broader customer base through installment payments, SpurIT Installment Invoices is more suitable.
Ultimately, the choice depends on the merchant's specific goals. A hybrid approach, utilizing both apps, might be the most effective solution for merchants who want to both incentivize repeat purchases and make their products more accessible.
While both claim ease of use, Koin might be simpler initially due to its single-currency store credit system. SpurIT Installment Invoices involves more complex payment schedules and requires careful management of recurring invoices.
Koin Cashback & Store Credit directly addresses customer lifetime value by incentivizing repeat purchases and building loyalty through store credit rewards.
SpurIT Installment Invoices is specifically designed to increase average order value by allowing customers to purchase more expensive items through manageable installment plans.
Yes, Koin explicitly states that it supports applying store credit to D2C customers or B2B company locations on Shopify Plus.
Yes, SpurIT allows applying installment rules to individual products, groups, collections, or the entire store.
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