How do Rebate Insured Commitments work? And how can I opt-in to a Rebate Insured Commitment on AWS?

Rebate Guaranteed Commitments are another opt-in feature our AWS customers have to honor the Guarantee of Archera's Guaranteed Commitments. Azure customers use Rebate Insured Commitments by default.

How do Rebate Guaranteed Commitments work?

Instead of giving back unused commitments through the Commitment Buyback page, Rebate Guaranteed Commitments actually stay in the customer's account. In the event of underutilization, after the initial lock in period (30 days or 1 year), then 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, or the customer can provide a bank account in the Payment Planner page to receive an ACH transfer for the rebate amount.

How do I set up Rebate Guaranteed Commitments for my AWS org?

To set up Rebate Guaranteed Commitment, you will need to add your preferred bank account to withdraw balances to. To do so, navigate to the Payment Planner page shown below and click "Add Payout Account". This is the account that you can ACH transfer funds to when withdrawing. At the end of each month, if there were underutilized Guaranteed Commitments, then you will automatically see that cost rebated into this page ready to be withdrawn or put towards other Guaranteed Commitment premiums.

How do I know if I have Rebate Guaranteed Commitment?

Rebate Guaranteed Commitments are properly tagged in the Commitment Inventory page. They are tagged as "Rebating".

How do I opt-in to Rebate Guaranteed Commitments?

For AWS customers, Rebate Guaranteed Commitment are not enabled on all services by default, but to turn any Guaranteed Commitment into a Rebate Guaranteed Commitment, just reach out to support@archera.ai, chat with our team via Pylon, or schedule a free call with our Customer Success team to identify which commitments you would like to transition over to Rebate Guaranteed Commitments.