Koin Cashback & Store Credit vs SPD Split Payment & Depositfor Shopify (2026)
Koin Cashback & Store Credit and SPD Split Payment & Deposit are both Shopify apps in the Payments category, but they serve fundamentally different purposes. Koin focuses on customer retention and loyalty by providing a system for cashback and rewards using Shopify-native store credit. It aims to boost repeat purchases and profit margins. SPD Split Payment & Deposit, on the other hand, facilitates alternative payment options, focusing on split payments and deposits, likely to improve accessibility for customers who might otherwise be unable to afford large purchases up front. This difference positions Koin as a marketing and customer relationship management tool, whereas SPD caters more to increasing sales by offering flexible payment solutions.
At a Glance
Koin Cashback & Store Credit
57 reviews
SPD Split Payment & Deposit
85 reviews
Detailed Overview
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 | 4.8/5 |
Rating Koin Cashback & Store Credit5/5 SPD Split Payment & Deposit4.8/5 | ||
| Reviews | 57 | 85 |
Reviews Koin Cashback & Store Credit57 SPD Split Payment & Deposit85 | ||
| Core Functionality | Cashback & Store Credit Loyalty Program | Split Payments & Deposits |
Core Functionality Koin Cashback & Store CreditCashback & Store Credit Loyalty Program SPD Split Payment & DepositSplit Payments & Deposits | ||
| Target Merchant | Businesses seeking to increase customer retention and repeat purchases, including D2C and Shopify Plus B2B | Businesses seeking to increase sales by offering flexible payment options to customers |
Target Merchant Koin Cashback & Store CreditBusinesses seeking to increase customer retention and repeat purchases, including D2C and Shopify Plus B2B SPD Split Payment & DepositBusinesses seeking to increase sales by offering flexible payment options to customers | ||
| Key Features | Automated store credit issuance, bulk editing, Shopify Flow integration | Feature information unavailable from the provided data |
Key Features Koin Cashback & Store CreditAutomated store credit issuance, bulk editing, Shopify Flow integration SPD Split Payment & DepositFeature information unavailable from the provided data | ||
| Value Proposition | Boost customer loyalty, repeat purchases, and profit margins. | Facilitate purchases for customers who cannot pay the full price upfront. |
Value Proposition Koin Cashback & Store CreditBoost customer loyalty, repeat purchases, and profit margins. SPD Split Payment & DepositFacilitate purchases for customers who cannot pay the full price upfront. | ||
| Ease of Use (Inferred) | Intuitive dashboard for tracking and managing store credit. | Unknown from the data provided. |
Ease of Use (Inferred) Koin Cashback & Store CreditIntuitive dashboard for tracking and managing store credit. SPD Split Payment & DepositUnknown from the data provided. | ||
| Integration | Shopify Native Store Credit, Shopify Flow | Integration details unavailable. |
Integration Koin Cashback & Store CreditShopify Native Store Credit, Shopify Flow SPD Split Payment & DepositIntegration details unavailable. | ||
Our Verdict
If your primary goal is to improve customer loyalty, increase repeat purchases, and build stronger customer relationships through rewards programs, Koin Cashback & Store Credit is the clear choice. Its Shopify-native store credit system, automation features, and bulk editing capabilities make it a powerful tool for managing customer rewards. However, if your priority is to offer flexible payment options to attract customers who may be hesitant to make large purchases upfront, SPD Split Payment & Deposit, though lacking in feature details in the provided data, is the more relevant solution. A higher number of reviews indicates greater use of SPD app, although the rating is slightly lower.
Common Questions
Which app is better for increasing customer loyalty?
Koin Cashback & Store Credit is specifically designed for increasing customer loyalty through cashback and store credit rewards.
Which app is better for increasing sales volume?
SPD Split Payment & Deposit, with its focus on split payments and deposits, likely aims to increase sales by making purchases more accessible.
Can Koin Cashback & Store Credit handle B2B customers?
Yes, Koin specifically mentions applying store credit to B2B company locations on Shopify Plus.
What features are unique to Koin Cashback & Store Credit?
Unique features of Koin include its use of Shopify-native store credit, automation via Shopify Flow, and bulk editing of store credit balances.
Does SPD Split Payment & Deposit integrate with other apps?
The provided data does not include integration information for SPD Split Payment & Deposit.
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