Sell products with a down payment, Installments, EMI & Layaway plans with Magento 2 Partial Payment Extension
1/23
How admin creates payment plans?Select the products in which you want to apply a partial payment plan.
All products.
Specific products.
On the whole cart.
Apply the following for each product separately or as a global configuration for all products.
Define the total number of Installments in which the buyer has to complete the payment.
Set down payment amount as a fixed amount (Like $50) or % value (Like 20% of Price).
Set installment schedule monthly/daily/weekly.
Select a fixed installment plan or Flexi layaway plan.
How a buyer places an order?Buyers can choose if they want to buy the product with partial payment or full payment. Admin can decide if the buyer can have this option.
A tooltip window explains the payment plan in detail.
A buyer can select the partial payment option from the product page or cart page, depending on the admin settings.
A buyer will see the down payment and remaining amount both on the cart page as well as the checkout page.
From the "My Account" section, customers can keep track of the amount already paid, the amount to be paid, and a number of installments remaining.
How buyers pay installments?Buyers can make a payment from the "My Account" section.
Installments would be auto-captured from the buyer's credit card in the Auto version.
Admin can mark payment manually from the backend.
Prepayment and advance payment of an installment is possible.
Order and invoice managementSeparate grid for Partially paid orders.
Admin can see All paid and pending installments of order from Magento Partial payment order grid.
Buyer can see all installment and order details(amount paid and to be paid later) from the "My Account" section.
The Invoice would be generated once at order placement and will be updated regularly with each installment payment with details of amount paid and to be paid later.
Easy order management as the extension manages all installments of one order in the single order itself and doesn't create separate orders.