How to Configure Layaway Partial Payment in Magento 2

Magento 2 Layaway Partial Payment – Configurations

In order to configure Layaway Plans in Magento 2 store, you need to have Magento 2 Layaway Partial Payment extension developed by FME, which allows the users to buy products in easy installments. You can setup global or product specific layaway plans. Set down payment, total installments, installment period unit and installment interval. Charge a layaway fee in order to generate more revenue. The users can view the payment detail on the 'Add to Cart' page, before purchase, and view layaway orders & installments details in account section.

Magento 2 Split Payments - Key Features

Sell Products Configurable Installment Plans
Configure Down-Payment, no. of Installments & Intervals
Charge Layaway Fee per Order or Product
Add Global or Product Specific Layaway Plans
Add Custom Labels to Layaway Options
Allow Customers to Review ‘Layaway Orders’ in Detail

How to Configure Global Layaway Plan?

This Partial Payment Magento 2 extension allows you to Configure Global layaway plans that are applied to the entire store products. For this, Admin will have to set following configuration settings.

Global Layaway Plan - Configuration General Settings

Click Store > Configuration

In General Settings
Select Yes in Enabled Field
Select Yes in Enable Layaway for all Products
Select Allowed Payment Methods

Global Configuration Settings

Now Click Global Configuration Settings Tab

Select Down Payment Calculation Type – Fixed Price or Percentage Price
Enter Price/Percentage for Down Payment
You have the Option to Calculate the Deposit before Discount (if offered)
You have the Option to Charge Layaway Fee Per Product or Per Order (all products in a single order)

Installments Configuration - Global Layaway Plan

Set Max. Period of Installments
Set Installment Period Unit like Day, Week, Month, Year
Set Installment Period
In Labels Tab, Admin can configure Layaway Labels

Email Configurations - Global Layaway Plan

Set Email Address, Enable Auto Reminders
Email Reminder Frequency
Select the desired Email Template

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How to Configure Layaway Partial Payment Plan for a Specific Product?

In order to configure Magento 2 partial payment plan for a specific product, admin will have to set the following configuration settings.

Product Specific Layaway Plan - Configuration General Settings

Click Store > Configuration

In General Settings
Select Yes in Enabled Field
Select No in Enable Layaway for all Products
Select Allowed Payment Methods

Product Layaway Labels Settings

In Labels Tab
Admin can configure Layaway Labels

Product Layaway Email Settings

In Layaway Email Configurations – Set Email Address, Enable Auto Reminders
Set Email Reminder Frequency
Select the desired Email Template

Product Layaway Settings

Now Select the Desired Product
Open Product Admin Panel
Click Catalog > Products
Select Product Edit option

Product Layaway Plan Settings

Now Click Layaway Tab

In Enable Layaway field select Yes
Enter Percent of the Product Price to be Paid at First Time
Set Max. Period of Installments
Set Installment Period Unit like Day, Week, Month, Year
Set Installment Period

Product Layaway Fee Settings

In Layaway Fee field, Enter Layaway Fee for the Product
Layaway Fee will be charged according to the pre-configured settings (Percentage or Fixed amount)

You can also use the configuration settings for specific products by clicking the checkbox against each field in layaway tab.

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