2.3.4 WooCommerce Account Funds
Build your loyal customer base by allowing customers to deposit funds into their accounts.
Account funding expansion helps build customer loyalty and recurring business, ensuring that your customers only spend money in your store! You can reward them by offering them exclusive discounts if they use the account funds to pay for it and, therefore, incentivize them to use the account funds. You can reward them by offering them exclusive discounts if they pay using their account funds and, therefore, incentivize their use.
This plugin is adapted to the real mechanism of your store, so it also works for partial payments. Now it’s time to capture and retain the type of customers that will allow you to build a long-term future!
Why use account funding?
It allows customers to replenish their store account between the limits you set.
Customers can use the funds they deposit to pay for new orders in your store.
Store managers can offer discounts to customers who use their account funds to create additional incentives.
Mixed payment methods are allowed if the account funds do not cover the total amount of the order.
Detailed reports to keep track of the statistics and usage of the account funds.
Refunds on deposited funds.
Store managers can view and edit the funds of each registered customer in the store.
Increase the average amount of orders so that they become recurring orders.
Account funds are a very useful tool for developing strategies aimed at increasing the average order value. Once some data is collected on the median and average order value, one of our main goals with our customers in terms of sales is to make that number go up. This usually depends on the type of products and services you sell and the buyer’s profile, but if each customer spends more money per sale, you have more room to better market your products, invest money in your process or hire more workers!
For this reason, you can set and measure the effect of larger or smaller discounts when customers pay with store funds. In addition, by setting a higher minimum recharge amount than your most purchased products, customers will have a greater incentive to spend money in your store. However, you have to be careful, a high minimum amount will discourage your customers from using their account funds.
Get the information you need
Visibility is the key to making the best decisions for your store, which is why we include reports where you can find and filter the information you need to know how much your store is spending with account funds. In addition, you can see each customer’s funds and edit it manually.