Deposit & Partial Payment Depo vs Koin Cashback & Store Creditfor Shopify (2026)
Deposit & Partial Payment Depo and Koin Cashback & Store Credit, while both categorized under Shopify Payments, cater to vastly different needs within the e-commerce landscape. Depo focuses on flexible payment options, enabling merchants to offer partial payments, pre-orders with deposits, and draft order deposits. Its strength lies in managing complex payment schedules and reducing risks associated with Cash on Delivery (COD) orders. Koin, conversely, centers around customer retention and loyalty by providing a store credit and cashback rewards system. It aims to boost repeat purchases and improve profit margins through a seamless rewards program powered by Shopify-native store credit. Depo's features are geared towards merchants selling high-value items or those requiring order flexibility, especially those managing draft orders extensively or facing RTO issues with COD. Koin is better suited for businesses looking to enhance customer loyalty and incentivize repeat purchases through cashback and rewards. The integration with Shopify Flow and the ability to bulk edit store credit make Koin a powerful marketing and customer retention tool. While both contribute to revenue growth, they do so through entirely different mechanisms: Depo by enabling sales that might not otherwise happen due to payment constraints, and Koin by fostering customer loyalty and repeat business.
At a Glance
Deposit & Partial Payment Depo
83 reviews
Koin Cashback & Store Credit
57 reviews
Detailed Overview
Deposit & Partial Payment Depo
Manage partial payment split payment, preorder and deposit on online and draft orders. COD Supported
Key Features
- Take deposits and send the pending payment invoice any number of times
- Take pre orders and charge pending payment when your item is ready for dispatch
- Take deposits or split payments on the draft orders created via Shopify admin
- Auto-charges the remaining amount of deposit from Shopify or Depo
- Use Depo for COD Orders and Reduce your RTO
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 | 4.3/5 | 5/5 |
Rating Deposit & Partial Payment Depo4.3/5 Koin Cashback & Store Credit5/5 | ||
| Reviews | 83 | 57 |
Reviews Deposit & Partial Payment Depo83 Koin Cashback & Store Credit57 | ||
| Key Function | Partial payments, pre-orders, and draft order deposits | Cashback and store credit rewards program |
Key Function Deposit & Partial Payment DepoPartial payments, pre-orders, and draft order deposits Koin Cashback & Store CreditCashback and store credit rewards program | ||
| Target Merchant | Businesses selling high-value items, managing draft orders, or using COD extensively | Businesses focused on customer retention and repeat purchases |
Target Merchant Deposit & Partial Payment DepoBusinesses selling high-value items, managing draft orders, or using COD extensively Koin Cashback & Store CreditBusinesses focused on customer retention and repeat purchases | ||
| Payment Flexibility | Offers deposit and partial payment options | Relies on Shopify-native store credit |
Payment Flexibility Deposit & Partial Payment DepoOffers deposit and partial payment options Koin Cashback & Store CreditRelies on Shopify-native store credit | ||
| Main Benefit | Increases sales by enabling flexible payment plans and reducing COD risks | Boosts customer loyalty and encourages repeat purchases |
Main Benefit Deposit & Partial Payment DepoIncreases sales by enabling flexible payment plans and reducing COD risks Koin Cashback & Store CreditBoosts customer loyalty and encourages repeat purchases | ||
| COD Support | Yes, reduces RTO | No |
COD Support Deposit & Partial Payment DepoYes, reduces RTO Koin Cashback & Store CreditNo | ||
| Automation | Automated invoices and auto-charges | Shopify Flow templates for automation |
Automation Deposit & Partial Payment DepoAutomated invoices and auto-charges Koin Cashback & Store CreditShopify Flow templates for automation | ||
Our Verdict
For merchants struggling with abandoned carts due to high prices or needing flexible payment options, especially those dealing with draft orders or facing challenges with COD returns, Deposit & Partial Payment Depo is the more suitable choice. Its focus on enabling partial payments and managing pre-orders directly addresses these pain points. However, if the primary goal is to improve customer loyalty, increase repeat purchases, and leverage store credit for marketing campaigns, then Koin Cashback & Store Credit offers a more targeted and effective solution. While Koin has fewer reviews, its perfect rating suggests a high level of satisfaction among its users.
Ultimately, the decision hinges on the specific business needs. A store selling luxury goods might benefit more from Depo's payment flexibility, while a business selling frequently purchased items would likely see a better return on investment from Koin's loyalty-focused features. Consider also the size of your average order; Depo helps with high AOV items, while Koin encourages frequent, potentially smaller, purchases.
Common Questions
Does Deposit & Partial Payment Depo offer loyalty rewards?
No, its primary focus is on enabling flexible payment options like partial payments, pre-orders, and deposits. It does not offer a dedicated loyalty rewards program like Koin.
Can Koin be used to take deposits for pre-orders?
No, Koin focuses on issuing store credit and cashback. It does not support deposit functionalities for pre-orders or partial payments.
Which app is better for reducing risks associated with COD orders?
Deposit & Partial Payment Depo is better for reducing risks associated with COD orders. It explicitly mentions support for COD orders and aims to reduce Return To Origin (RTO) rates.
Which app is easier to integrate with existing marketing workflows?
Koin appears to offer better integration with marketing workflows through its use of Shopify Flow templates and automated email capabilities. This allows for seamless integration with existing marketing campaigns.
If a customer requests a refund, which app offers more flexibility for handling it?
While neither app explicitly mentions refunds in their descriptions, Koin's ability to bulk edit store credit from customer accounts might offer slightly more flexibility in issuing refunds as store credit, if that aligns with the merchant's refund policy.
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