Would you like to implement a repayment option which may be useful running a business competition and it is affordable for purchasers? The Magento 2 Partial Payment enables people to pay in installments, lower payments, EMIs or layaway cost plans.
With this particular enhanced payment method, let the people to purchase, maintaining their budget and stick out within the competition.
Allow customers to buy by having to pay an expression amount after which spend the money for remaining amount with installment while using Partial Payment extension!
Advantages of Magento 2 Partial Payment extension:
Offer products using the partial payment, layaway plans or EMIs.
Let customers pay lower payment during the time of an order and remaining amount later within an installment.
Choice to define the partial payment availability to specific customer groups and payment methods.
Choose the scope from the Partial Payment:
Permit the partial payment facility for that specified minimum order amount for the entire cart scope.
The Magento 2 partial shipment feature allow charging shipping cost and amount of taxes around the lower payment or equally divide them into instalments.
Disable guest checkout for partial payment.
Choice to set the loan limit for partial payment. The orders over the borrowing limit will not be facilitated with partial payment facility.
Display custom error message for overreaching the utmost partial payment borrowing limit.
A person can skip the partial payments and spend the money for entire amount at any given time while using Pay All Installments checkbox within my Account section.
The shop owner can auto capture the instalment amount for that orders placed using PayPal and Authorize.internet payment methods.
Offers fixed instalment and flexy layaway arrange for partial payments.
Choices for payment frequency for that instalments:
According to Days
Customized label for that lower payment amount.
Calculate the lower payment amount in fixed amount or percent of product cost.
Set the lower payment add up to charge on purchases with partial payment. Customized label for pay later add up to display within the storefront.
Choice to charge payment fee for implementing the instalment as:
On First Instalment
On All Instalments
Custom label for partial payment fee
Set a surcharge amount to increase the installments, to become compensated in both fixed or percentage.
Set fee add up to charge on purchases with partial payment
Set a custom Partial Payment availability label to exhibit in frontend.
Enter and display the conditions and terms to make use of the Partial Payment facility within the payment calculation box proven around the product page.
Enable email notifications on various partial payment actions and occasions.
Manage partial payments and orders with backend grid.
The admin can enable product specific Partial Payment. Set the amount of installments, custom lower payment and fee amount.
Choice to opt from partial payment and pay full amount
Facilitates the “Partial Payment Orders” in the “My Account” section
The “View Orders” display information like:
Status of instalment payment
The payment method used
Allow people to pay selected or all instalments in the instalments section.
Capability to approve or disapprove payments for offline methods
The Revenue report within the backend shows the revenue produced by the partial payment.
Filter and export data in the revenue report for any specific date are the backend.