Magento 2 Partial Payment
Posted 2021-12-14 12:14:09
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Magento 2 Partial Payment extension by Meetanshi avails the facility to customers to customize payment plans such as installments or EMI.
There are times when the customers are willing to buy products and services from your Magento 2 store but do not prefer to pay all the amount at once.
Moreover, the customers may not have enough money for buying the products which are expensive.
The Partial Payment extension for Magento 2 lets you offer the facility to pay with down payments. Let them pay a token amount with the purchase and the rest in installments!
If your Magento 2 store does not have a facility that allows customers to pay via installment, the customers may not opt to purchase from your store. Therefore, to solve this issue, Meetanshi has developed Magento 2 Partial Payment extension that helps the customers to pay with installment facility and layaway plans.
The module provides a win-win situation for the merchants and customers because the merchants can increase sales and the customers would not need to pay a handsome amount for buying the product at once.
Benefits of Magento 2 Partial Payment:
Offer products and services with a partial payment, layaway plans and EMIs with Magento 2 Buy Now Pay Later extension.
Allow the customers to pay down payment while purchasing and the remaining amount will be debited later as an installment.
Option to specify the availability of partial payment to the customer group and payment methods.
Option to select the scope of partial payment for all products, selected products, and whole cart.
Allows the admin to specify the minimum order amount for the whole cart scope for paying using partial payment facility.
The admin can charge shipping cost and tax amount in down payment and installment as well.
Option to disable guest checkout.
Allows setting a partial payment credit limit.
Option to set a custom error message who reaches above the limit.
In My Account section, there is an option to show a checkbox for Pay All installment.
Using Paypal and Authorise.net, it is possible to auto-capture payment.
The module has two types of partial payment plans: Fixed Installment Plan and Flexy Layaway Plan.
Option to set installment payment frequency.
Allows the merchant to customize the label to show on the frontend.
Option to set the calculation method in down payment.
The merchant can enter the down payment amount to charge for partial payments.
The admin can charge partial fees for using partial payment fees.
Allows customizing the label of Magento 2 Partial Payment Fee.
Option to charge a partial payment fee based on a fixed amount or percentage of product price.
Allows the merchant to enter a fee amount on orders with partial payment.
Option to display a message regarding partial payment facility.
Option to set terms and conditions for using the partial payment facility.
The merchant can set email notifications on various partial payment actions.
Contains a separate grid in the backend for managing partial payment orders and installment.
Allows the admin to enable product specific partial payment.
Option for customers to select either to go with full payment or partial payment.
In the My Account section, the customers can see Partial Payment Orders.
By clicking on the View Order, the customers can see installment amount, due date, paid date and so on.
Customers can pay all the amount in lump sum or installment from the installment section.
Allows the admin to approve and disapprove payments for offline methods.
Through the Revenue Report in the bankend, the admin can get the details of customers who have used a partial payment facility.
Allows the admin to filter and report revenue reports.
Supports multiple payment gateways.
Magento 2 Partial Payment
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