WooCommerce Account Funds
When customers can only use their money at your store, it fosters loyalty and encourages repeat visits thanks to the Account Funds add-on. To encourage the usage of Account Funds, you can reward customers with special discounts if they make purchases using this method of payment.
Because of how flexible this plugin is, it may be used with partial payments as well. Now is the moment to attract and keep customers who will help you prosper in the long run.
Why use Account Funds?
- It gives consumers the ability to add more money to their accounts in a quantity that is anywhere between the restrictions that you establish.
- Customers have the ability to use funds previously deposited with your company to pay for new orders placed within your store.
- The store manager has the ability to generate additional incentives by giving customers discounts by using the monies in their accounts.
- If the funds in your account are insufficient to cover the total cost of the order, you are permitted to use several payment methods.
- Detailed reports to help maintain track of the statistics and the rate at which the account funds are being used.
- The funds that have been deposited can be refunded.
- The shop Manager has the ability to view and make changes to the balances of any registered customer in the establishment.
- When a customer signs up for your store, you should immediately deposit funds into their accounts.
Increase the average order value and make it recurrent
Account Funds is a very helpful tool for devising methods that are intended to raise your average order value. These techniques can be implemented to help you make more money overall. Once some information regarding the median and average order value has been acquired, one of the primary goals that we have with our clients in terms of sales is to increase this number as much as possible. It typically relies on the types of goods and services you provide as well as the buyer’s profile; nevertheless, if each customer spends more each transaction, you will have more room to market your goods and services more effectively, invest more money in your operations, and recruit more employees.
Because of this, you are able to determine and evaluate the impact of offering larger or lower discounts to customers who make purchases using their store dollars. In addition, you can encourage customers to spend more money in your store by making the minimum amount required to top off their accounts greater than the price of the item that is purchased the most frequently. However, you must exercise caution in this matter since your customers will be hesitant to use Account Funds if the required minimum amounts are too large.
Get the info you need
Because having visibility is essential for you to make the best decisions for your store, we have provided you with reports in which you can locate and filter the information you require regarding the amount of money that is spent in your shop utilising Account Funds. In addition, you are able to view and manually update the funds that are associated with each individual customer.