Why Savebo? 🚀

Why accept prepayments and why store customer value?

The traditional banking and finance sector is zero-sum in its approach to returning value to customers. This means that the advantages are currently one-sided, benefitting the institutions (via low consumer interest rates, Buy Now Pay Later schemes, and customer loyalty programs), whilst disadvantaging consumers.

Banks generally offer their consumers a low annually annual interest rate. BNPL schemes charge exorbitant late fees, engage debt collection agencies and lodge bad credit ratings for amounts that often amount to less than $1000. And loyalty programs offer 0.5%-1% cash-back denominated in ‘points’, designed to inflate their perceived value.
 Savebo offers an alternative to the traditional inequitable systems, benefiting both merchants and consumers alike. We are a new Melbourne-based fintech company whose vision is to empower merchants to deliver human-centered consumer transactions that drive efficient, transparent and ethical customer relationships. At Savebo we understand that when merchants gain from being guaranteed the loyalty and patronage of their customers, they can pass on more authentic value in return. This greater value for customers provides a potential catalyst to increase a merchant’s customer base. Thus, the Savebo suite of services enables a symbiotic relationship to develop between the consumer and the merchants, where both parties benefit from each other’s loyalty. We support brands through the journey to delivering a heightened level of customer experience with more versatility and flexibility than is currently offered by traditional gift cards, BNPL, coupons and loyalty programs. We create new methods of commercial exchange through the sale, management and redemption of pre-purchased store credit. Savebo assists merchants in the following ways: -> Accepting prepayments for goods and services. -> Securing pre-sales revenue earlier in lieu of consumers spending their money elsewhere. -> Marketing prepaid store credit to customers. -> Securely maintaining customers' prepaid store credit. -> Offering subscriptions of store credit to customers. -> Rewarding customers for making prepayments towards products and services. -> Providing socially responsible payment solutions. -> Redeeming store credit for products and services. To learn more about Savebo's services, please contact us at [e-mail] or schedule an appointment via calendly: https://calendly.com/savebo-chat/

What is Savebo?

Savebo is a brand currency solution that delivers merchants with a unique software and financial product capabilities that facilitates the sale of store credit to consumers. The platform provides flexibility to merchants in determining the terms of their credit issuance, as well as flexibility to consumers in determining their own budgets and payment terms. Customers can redeem their accumulated store credit in exchange for product or services, and can also transfer their credit to friends.

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 increases lifetime value.

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. The platform allows customers to prepay for credits, giving them more flexibility and convenience than when prepaying for products and services. Merchants can also offer bonus credits to encourage customers to reach their savings goals faster. Once customers have saved enough credit, they can redeem their accumulated credit for your products or services using from within their shopper wallet.

By offering a seamless prepayment option, Savebo helps merchants to increase conversions from interested, considering, and intending shoppers, bringing customer purchases forward and locking in revenue. The process improves works to improve cash flow, reduces the threat of merchant substitution, and also helps build customer loyalty and trust. Savebo offers a win-win solution for both customers and merchants, making it a great choice for anyone looking to improve their conversions and drive and drive sales.

Does Savebo work with other technologies?

Savebo is a standalone prepayment platform that can integrate seamlessly with all 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.