How do Rebate Insured Commitments Work?
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Rebate Guaranteed Commitments are an opt-in feature for AWS customers that provides an alternative way to honor the Guarantee of Archera's Guaranteed Commitments. Azure customers use Rebate Insured Commitments by default.
Instead of giving back unused commitments through the Commitment Buyback page, Rebate Guaranteed Commitments stay in the customer's account. In the event of underutilization — after the initial lock-in period (30 days or 1 year) — Archera will automatically send a cash rebate to the customer for any net negative savings from the commitment.
This rebate can be used to:
Offset other GRI premiums
Be withdrawn to a bank account via ACH transfer (configured in the Payment Planner page)
Navigate to the Payment Planner page and click "Add Payout Account" to add your preferred bank account. At the end of each month, if there were underutilized Guaranteed Commitments, you will automatically see that cost rebated into this page, ready to be withdrawn or put toward other Guaranteed Commitment premiums.
Rebate Guaranteed Commitments are tagged in the Commitment Inventory page with the label "Rebating."
For AWS customers, Rebate Guaranteed Commitments are not enabled on all services by default. To convert any Guaranteed Commitment to a Rebate Guaranteed Commitment:
Reach out to support@archera.ai
Chat with our team via in-app chat
Schedule a free call with our Customer Success team
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