FAQ

Savebo Frequently Asked Questions.

Why offer prepayment and saving options?

Offering the right payment methods can boost sales by up to 30%. Savebo offers merchants a range of prepayment and saving tools, including saving plans purchases, brand subscriptions, gifted credit, multiplayer saving tools and credit top ups, that allow customers to prepay for products or services in new ways that suits their lifestyle and natural behaviour. Offering flexible payment options attracts a wider range of customers, builds customer loyalty and increase lifetime value.

What is Savebo?

Savebo is a brand prepayment platform that offers unique solutions to customers by facilitating the purchasing of store credit in installments. The platform provides flexibility to customers in setting their own payment terms and schedule as well as a mechanism for merchants to offer customers prepayment incentives and rewards. Customers redeem their accumulated store credit Savebo can work alongside all technology stacks or eCommerce platforms.

How does Savebo work?

Savebo enables businesses to accept customer prepayments through a range of sales streams, including saving, subscribing, gifting credit, credit top-ups, and more. Our platform allows your customers to prepay for your products or services, giving them more flexibility and convenience. You can also offer bonus credits to encourage customers to reach their savings goals faster. Once they have saved enough credit, customers can redeem it for your products or services using our Shopper Wallet feature. This helps you boost your cash flow and improve customer loyalty while providing a seamless payment experience for your customers.

By offering a seamless prepayment option, Savebo helps merchants increase conversions from interested, considering, and desiring shoppers, bringing customer purchases forward and locking in revenue. This not only improves cash flow and reduces the threat of merchant substitution, but also helps build customer loyalty and trust. Overall, Savebo offers a win-win solution for both customers and merchants, making it a great choice for anyone looking to improve their financial flexibility and drive sales.

Does Savebo work with any technology stack or eCommerce platform as a standalone prepayment solution?

Savebo is a standalone prepayment platform that can integrate seamlessly with any technology stack or eCommerce platform. Our flexible integration links allows for easy integration, making it easy for merchants to offer prepayment options to their customers.

We're constantly working on expanding our integrations with more eCommerce platforms and third-party service providers, to offer a more seamless and integrated experience for our merchants. Our platform-agnostic approach means that regardless of your preferred technology stack or eCommerce platform, you can still leverage our prepayment solutions to drive revenue and build stronger customer relationships.

Whether you're a small business or a large enterprise, our platform is designed to meet your needs and integrate with your existing technology infrastructure. Get in touch with us today to learn more about how Savebo can help you offer prepayment options to your customers and grow your business.

Does Savebo support redemption of credit for goods and services across multiple sales channels, both online and in-store?

Savebo is a multichannel prepayment platform that allows shoppers to redeem credit for goods and services both online and in-store, across any sales channel. Our platform provides a seamless customer experience, allowing shoppers to easily access their wallet and make redemption requests whenever they choose.

To make a purchase, a shopper logs in to their Savebo wallet and makes a redemption request. Merchants can process redemption requests either by fulfilling items on the spot or later, as per their standard fulfillment processes. Our platform is designed to integrate seamlessly with your existing sales channels, allowing you to offer prepayment options to your customers across all touchpoints.

Whether your customers prefer to shop online, in-store, or on-the-go, Savebo offers a flexible and convenient payment solution that meets their needs. Get in touch with us today to learn more about how Savebo can help you drive revenue and build stronger customer relationships across all sales channels.

How long does it take to integrate Savebo's prepayment solution for merchants?

For a basic integration, no technical training or coding requirements are necessary, and the process typically takes just a few hours. For more comprehensive integrations that require a more seamless customer experience, the process may take a little longer, depending on your specific requirements.

Our experienced team of integration specialists is on hand to guide you through the process and ensure that your integration is up and running as quickly and smoothly as possible. We'll work closely with you to understand your business needs and help you create a prepayment solution that meets the unique needs of your customers.

Whether you're looking for a basic integration or a more comprehensive solution, Savebo can help you get up and running quickly and easily. Get in touch with us today to learn more about our integration process and how we can help you offer prepayment options to your customers.

How much does it costs to use Savebo for merchants?

In most cases Savebo transactions result in net positive revenue for merchants. To begin using Savebo sign up for a free today.