Partial Payment Extension for Magento 2 Facilitate you to sell products and services on Installments, EMI and layaway plans. Your customers can place order with specific payment and will pay remaining payment in installments using Magento 2 Partial Payment extension by MageDelight, Providing the facility to make part payment or in installments is very beneficial for your customers and which can result in increased sales for your online store.
Let’s See Few Unique Features of Partial Payment Extension
- Manage installment plans
- Provide Option on Various Instances
- Manage fees and other charges
- Reschedule specific installment
- Set installment reminders
- Manually Update The Payment Status
- Part payments and prepayment
Manage Installment Plans:
You can specify different installment plan for each individual product or a group of products. For example, you can have only three installments for watches, whereas, you provide three, six, and nine installments for electronic products.
Provide Option on Various Instances:
Partial Payment allows your customer to make payment in installments not only for specific products, but also for whole cart. Also You can make the installment plans on various pages as per your requirements. This facility provides an additional appeal to your customer to purchase the products that are not available on partial payment plans.
Manage fees and other charges:
You can manage additional fees and charges customers need to pay if they opt for payment through installments. The charges can be in form of interest paid on the remaining amount that is paid in form of installments.
Reschedule specific installment:
With Partial Payment, you can reschedule a specific installment within a payment plan for a customer. The ability to reschedule allows your customers to pay the installment as per availability of funds with them. Providing such flexibility will increase confidence in your customer and in turn earn their loyalty.
Set installment reminders:
you can send reminders for installments to your customers by specifying how many days in advance the reminder needs to be sent. The reminders will be sent based on the frequency of the payment specified.
Manually Update The Payment Status:
when your customer is making payments through money order, check, cash on delivery, or other similar mediums then you can make payment of an installment from the admin section of the Partial Payment extension.
Part payments and prepayment:
You can give option to the customers to make part payment above their regular installments or even pay the entire remainder of the amount. This facility of part payment and pre-payment can help your customer save significantly on the interest charges on the pending installments.
Here Below is the list of the Payment Gateways supported by partial payment extension
for Magento 2
- Check/Money Order
- Cash on delivery
- net CIM
- Stripe Payment Gateway
- CyberSource Payment Gateway
Conclusion: So now with magento 2 partial payment extension by MageDelight you can sell products and services in Installments, EMI and layaway plans And Customer can place order with down payment and will pay remaining Payment in Installments which crates win win situation for both store owners and customers.