Cashfree BNPL Plus and TryOnify: Try Before You Buy both aim to enhance the customer experience and boost sales, but they address different pain points. Cashfree BNPL Plus focuses on offering familiar 'Buy Now, Pay Later' and EMI options directly on the product page to reduce cart abandonment and increase average order value by providing flexible payment options upfront. It's targeted towards merchants already using Cashfree Payments and want a seamless integration for BNPL options. TryOnify, on the other hand, pioneers a 'Try Now, Pay Later' model, offering customers a free trial period before payment. This caters to merchants who want to acquire new customers by removing purchase risk and building trust. The strength of TryOnify lies in its ability to attract hesitant buyers by offering a risk-free shopping experience, while Cashfree aims to facilitate purchases by offering convenient payment plans. Both apps claim to be easy to set up, with Cashfree emphasizing its no-code nature and TryOnify highlighting its automatic payment collection and authorization.
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| Rating | 5/5 | 5/5 |
Rating Cashfree BNPL Plus5/5 TryOnify: Try Before You Buy5/5 | ||
| Reviews | 1 | 4 |
Reviews Cashfree BNPL Plus1 TryOnify: Try Before You Buy4 | ||
| Payment Model | Buy Now, Pay Later (BNPL) & EMI | Try Now, Pay Later (TNPL) |
Payment Model Cashfree BNPL PlusBuy Now, Pay Later (BNPL) & EMI TryOnify: Try Before You BuyTry Now, Pay Later (TNPL) | ||
| Target Audience | Merchants using Cashfree Payments, seeking increased AOV | Merchants acquiring new customers via free trials, reducing purchase risk |
Target Audience Cashfree BNPL PlusMerchants using Cashfree Payments, seeking increased AOV TryOnify: Try Before You BuyMerchants acquiring new customers via free trials, reducing purchase risk | ||
| Key Benefit | Increased AOV, reduced cart abandonment via BNPL options | New customer acquisition via free trials |
Key Benefit Cashfree BNPL PlusIncreased AOV, reduced cart abandonment via BNPL options TryOnify: Try Before You BuyNew customer acquisition via free trials | ||
| Ease of Use | No-code setup | Quick and easy setup, automatic payment collection |
Ease of Use Cashfree BNPL PlusNo-code setup TryOnify: Try Before You BuyQuick and easy setup, automatic payment collection | ||
| Value Proposition | Converts existing interest into purchases with flexible payment plans | Generates new interest with risk-free trials |
Value Proposition Cashfree BNPL PlusConverts existing interest into purchases with flexible payment plans TryOnify: Try Before You BuyGenerates new interest with risk-free trials | ||
| Dependency | Requires Cashfree Payments app | None mentioned |
Dependency Cashfree BNPL PlusRequires Cashfree Payments app TryOnify: Try Before You BuyNone mentioned | ||
If a merchant already uses Cashfree Payments and wants to easily integrate BNPL options to boost average order value by providing flexible payment plans upfront, Cashfree BNPL Plus is a strong contender. It leverages the existing customer base and payment infrastructure to offer a seamless BNPL experience. The main drawback is the low number of reviews.
However, if the priority is acquiring new customers by offering a risk-free shopping experience, TryOnify: Try Before You Buy is the more suitable choice. Its innovative 'Try Now, Pay Later' model removes purchase barriers and allows customers to experience the product before committing financially. The slightly higher number of reviews provides a slightly stronger indication of its effectiveness, though both apps have very few reviews. It's ideal for products that customers might be hesitant to purchase without prior testing or experience.
Cashfree BNPL Plus offers traditional 'Buy Now, Pay Later' and EMI options, while TryOnify provides a 'Try Now, Pay Later' model with a free trial period.
Cashfree BNPL Plus is specifically designed to increase AOV by displaying BNPL and EMI options upfront on the product page.
TryOnify is designed for customer acquisition by offering a free trial, removing the risk associated with an initial purchase.
Yes, Cashfree BNPL Plus requires the Cashfree Payments app to be installed and activated.
TryOnify automatically collects payments at the end of the trial period and uses credit card authorizations to ensure timely payment. It can reauthorize credit cards for longer trial periods.
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