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, but they approach it from different angles. Cashfree BNPL Plus focuses on payment convenience by integrating Buy Now, Pay Later (BNPL) options directly onto the product page, targeting merchants who want to reduce cart abandonment and increase average order value by offering flexible payment plans. It positions itself as a no-code solution to compete with the biggest e-commerce platforms' convenience. Koin Cashback & Store Credit, on the other hand, emphasizes customer loyalty and retention. It allows merchants to create cashback and reward programs using Shopify-native store credit, providing a tool for boosting repeat purchases and improving profit margins. Koin offers more customization and automation options, including Shopify Flow integration and targeted rewards for D2C or B2B customers. It empowers merchants to tailor their loyalty programs to specific customer segments and automate various reward scenarios. While both apps fall under the 'Payments' category, Koin acts more as a marketing tool than a direct payment solution.
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 & EMI Options | Cashback & Store Credit |
Core Functionality Cashfree BNPL PlusBNPL & EMI Options Koin Cashback & Store CreditCashback & Store Credit | ||
| Target Merchant | Merchants seeking to improve conversion rates & AOV with flexible payments | Merchants focused on customer retention, repeat purchases, and loyalty programs |
Target Merchant Cashfree BNPL PlusMerchants seeking to improve conversion rates & AOV with flexible payments Koin Cashback & Store CreditMerchants focused on customer retention, repeat purchases, and loyalty programs | ||
| Ease of Use | No-code installation | Requires setup and configuration of reward programs |
Ease of Use Cashfree BNPL PlusNo-code installation Koin Cashback & Store CreditRequires setup and configuration of reward programs | ||
| Customization | Limited. Displays available offers | High. Customizable cashback rates, reward triggers, and email promotions |
Customization Cashfree BNPL PlusLimited. Displays available offers Koin Cashback & Store CreditHigh. Customizable cashback rates, reward triggers, and email promotions | ||
| Shopify Flow Integration | Not mentioned | Yes. Offers pre-built templates and custom workflows |
Shopify Flow Integration Cashfree BNPL PlusNot mentioned Koin Cashback & Store CreditYes. Offers pre-built templates and custom workflows | ||
| Value Proposition | Reduce drop-offs and increase AOV | Boost customer retention and repeat purchases |
Value Proposition Cashfree BNPL PlusReduce drop-offs and increase AOV Koin Cashback & Store CreditBoost customer retention and repeat purchases | ||
Our Verdict
If you're looking for a quick and easy way to offer BNPL options and reduce cart abandonment, Cashfree BNPL Plus is the simpler solution. Its no-code approach allows for immediate integration. However, its value hinges on having Cashfree Payments installed.
For merchants prioritizing long-term customer loyalty and repeat business, Koin Cashback & Store Credit is the better choice. While it requires more setup and configuration, its customizable reward programs and Shopify Flow integration provide greater flexibility and control. The higher number of reviews also indicates greater user satisfaction and a more established track record. Koin is especially suitable for businesses with D2C and B2B segments where tailored loyalty programs are desired.
Common Questions
Which app is easier to set up?
Cashfree BNPL Plus is designed for simple, no-code installation, making it easier to set up initially. Koin requires more configuration to define cashback rates, reward triggers, and promotions.
Which app is better for increasing average order value (AOV)?
Cashfree BNPL Plus directly aims to increase AOV by displaying BNPL and EMI options on the product page, encouraging customers to make larger purchases. Koin indirectly increases AOV by incentivizing repeat purchases.
Can I use both apps at the same time?
Potentially, yes. Cashfree BNPL Plus focuses on payment options at the checkout, while Koin focuses on post-purchase rewards and loyalty. However, it's crucial to ensure they don't conflict or confuse customers with overlapping incentives.
Which app is better for B2B customers?
Koin Cashback & Store Credit specifically supports differentiated cashback and reward structures for B2B company locations on Shopify Plus, making it the better choice for B2B businesses seeking loyalty solutions.
Which app has more social proof?
Koin Cashback & Store Credit has significantly more reviews (57) than Cashfree BNPL Plus (1), indicating greater user adoption and a more established track record.
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