Partial Payment facilitates customers to buy products just by paying down payment and the remaining amount to be paid later in easy installments.
OverviewBack to top
Sometimes, customers wish to buy a product or service but can't pay the full amount due at the purchasing time. It might result in no sale. Considering this scenario, partial payment options came into existence where an invoice is generated that is less than the full amount of the sale. Typically for businesses that provide services or even products, a part of the final total will be required in advance as a sort of guarantee for completion of the payment. There are many payment methods available by MageComp that focuses on partial payment methods. Hence, Partial Payment Extension for Magento stores drives the customers' attention and encourage them to utilize the facility.
Integrating Partial Payment Extension by MageComp with your Magento 1 store allows your customers to pay a specified amount called the 'down payment' from the order total while purchasing. And the remaining amount can be paid in one or multiple installments later defined by the admin. This helps customers with buying and managing their budget at the same time. Thus, this will help you to bring more sales to your store and build a true relationship with your customers. This is a great opportunity for businesses to grow.
- Admin can enable partial payment for:
- All Products
- For Specific Products
- For the Whole Cart
- You can set a label to display on the product view page.
- Store admin can enable the tooltip feature for the customer's guidance.
- Enable the installment and global configuration for the Partial Payment.
- Options to select payment methods for Partial Payment.
- Admin can set dynamic labels for customer convenience.
- Customers can pay the installments directly from the My Account section.
How Does It Work?
Starting with the installation of the extension and enabling it from the backend. From here you can also set the general settings like apply partial payment for, partial payment label, allowing tooltip if required along with its label. Set comments to show on the product page for partial payment. Also, select allowed payment methods, and enable/disable guest checkout.
Set the global configuration for partial payment such as down payment, initial partial payment fee, the maximum number of installments, installments period unit, and the maximum period for installments.
You can also set the partial payment labels for product edit tab, partial payment fee, partial payment remain account. These labels are dynamic which means customers from different countries will also be able to know and grab the offers you provide them.
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Release NotesBack to top
- Compatible with Open Source (CE) : 1.3 1.4 184.108.40.206 1.4.2 1.5 1.6 1.6.1 220.127.116.11 1.7 1.8 1.8.1 1.9 1.9.1 1.9.2 1.9.3 1.9.4
- Stability: Stable Build