Partial Payment for Magento 2
Magento 2 partial payment extension helps you increase sales by allowing your customers to buy products on installments, EMI, or customized layaway plans. Create personalized installment plans with down payment, layaway fee, duration, and pricing.
- Create multiple product specific installment plans
- Configure down-payment, # of Installments & intervals
- Charge layaway fee
- Add global or product specific partial payment plans
- Add custom labels for layaway options
- Admin can also place layaway order from backoffice
- Compatible with simple, configurable, bundled & group products
- Enable layaway for products in Wishlist
- Allow customers to make installment payments from "My Account"
- Send automatic installment reminders to customers
- Approved by Magento Marketplace
- Features
- Product Reviews
- FAQS
- Related Products
- Layaway Product Example
- Layaway Details in Order Summary Page
- Layaway Order in Customer's Account
- Partial Payment Orders Grid
- Partial Payment Order Status
- Layaway Orders in "My Account"
- Installment Payment from My Account
- Magento 2 Installment Payment Process
- Installment Payment Status
- Installment Payment Status Updated/Recieved by Admin
- Create Layaway Order for Customers
- Product Specific Partial Payment Plan
- Restrict Payment Methods for Layaway Orders
- Configure Global Layaway Plan
- Label Settings
- Installment Reminders
HOW MAGENTO 2 PARTIAL PAYMENT BENEFITS YOUR STORE?
Increase Conversion Rate
With the Partial Payment option, you can make even the budget buyers place orders as they don't have to pay the full amount.
Build Customer Network
Allowing customers to pay in parts helps you grow a customer base. They keep connected during their payment plan.
Get Competitive Edge
Offer partial payment plans to engage customers and they won’t pay attention to deals and discounts of your competitors.
POWERFUL FEATURES OF MAGENTO 2 PARTIAL PAYMENT EXTENSION
Add Global Layaway Plans
The Magento 2 layaway extension allows you to enable layaway plan for your entire store through global settings.
- Specify a percentage of the product price as down payment
- Allow maximum period for installments
- Allow initial deposit calculation before discount
- Select layaway fee charge Mode
- Define number of installments
- Add maximum installment period
- Enter product specific layaway fee
Add Product Specific Layaway Plans
With this extension, you can set up partial payment plan for each product.
Sell Products in Installments Only
With this extension, you can set up partial payment plan for each product.With this extension, you can sell products in installments only by enabling the "Is the Product available only for Layaway" in product backend. In this way, the product can only be bought in installments according to the pre-configured settings.
Checkout this step by step tutorial to configure Global & Product specific Layaway plans in Magento 2 .
Checkout this step by step tutorial to configure Global & Product specific Layaway plans in Magento 2 .
Configure Layaway Fee
Partial payment extension for Magento 2 enables you to charge additional fee for layaway orders. The fee can be defined by "per product" or "per order".
Layaway Fee Per Product
If you set $12 as layaway fee & customer adds 2 layaway products to cart, the total layaway fee will be $24.
Layaway Fee Per Order (wholecart)
If you set $12 as layaway fee & customer adds 2 layaway products to cart, the total layaway fee will be $24.
Configure Layaway Initial Deposit
Magento 2 Partial Payment extension allows you to configure initial deposit amount for layaway orders. Following are the configuration options for Deposit amount.
- Set deposit in fixed or percentage of product price
- Allow initial deposit calculation before/after any discount
Apply Layaway Separately or On Entire Order
You can choose to apply layaway pricing on products separately or on entire order. This will calculate layaway price per each product price or on total price of the order during checkout.
Specify the Number of Installments and Payment Period
Merchants can set maximum number of installments for each layaway plan.
Configure Installment Period
Set an installment period in months, weeks, days, years or even set a fixed date.
Flexy Layaway Plan
Customers can pay all the remaining installments at once. For example, if admin has set 3 installments – customers has the option to pay all the remaining amount in 1, 2 or 3 installments.
Reschedule Specific Installment
Merchants can also reschedule the installment due date within a layaway plan for a customer.
Select Payment Methods for Layaway Pricing
With this Magento 2 Split Payment extension you can configure general settings that allows selection of payment methods for the installment plans.
Compatible with Simple, Group & Bundle Products
Enable Layaway pricing for simple, configurable, bundled and grouped products. This encourages customers to buy in larger quantities from your store, especially products that are similar or complement each other.
Offer Layaway for Wishlist Products
You can also enable layaway for wish list products. The customer can pick any product from their wish list, select edit and choose layaway payment method from the products page.
Force Login For Customers To Avail Layaway Option
You can allow guest checkout or set registration as a mandatory condition for customers who wish to avail layaway buying option. This helps you increase registrations and gather valuable data on customers. Customers who are already registered can login to buy product via layaway method.
Create Layaway Order From BackOffice for VIP Customers
Merchants can easily place orders on customers behalf from backoffice. You can create order with a personalized layaway plan.
Manage Layaway Orders
Customers can view all the layaway orders in a separate tab in 'My Account' section. They can view information such as order number, date, status, order total amount and remaining amount.
Show Layaway Order Details in "My Account"
In My Accounts section, customers can view their partial payment details in ‘My Orders' category. Customers can view:
- Complete order details
- The remaining amount of the payment plan
- The installment history
- The number of installments paid
- The maximum number of partial payments
- Remaining number of payments
- Allowed duration to pay the remaining amount
- The deadline to pay all the installments
Display Layaway Details on Add to Cart
With Magento 2 Layaway pricing extension, the payment plan will appear on shopping cart page to make sure the buyer reads and understands the terms before completing checkout.
Customize Layaway Labels for Better Usability
You can add custom labels to various options so customers can understand each one of them. Modify labels of the following fields.
- Layaway
- Layaway Remaining Balance
- Installment
- Layaway Fee
- Product page drop-down menu
More Features
- Enable checking out multiple layaway products
- Allow down-payments to be calculated before or after the discounts
- Add layaway fee to purchases either on the order or product by product basis to increase store revenue
Merchant Benefits
- Partial Payment Magento 2 extension grabs user attention and makes them review their favorite products on layaway pricing. It ultimately improves user engagement.
- It encourages the users in continuing shopping without worrying about paying the price in full. Thus, you achieve a higher rate of conversions.
- The addition of layaway fee to products or orders brings more revenue to your online store, in addition to the product sales.
Customer Benefits
- With layaway pricing, your customers can get all the expensive products without paying the price in full. Customers can pay the remaining amount later in easy installments.
- Magento Partial Payment extension displays a complete payment plan right on the 'Add to Cart' page to let the customer decide either to go with the purchases or not.
- Customers can review all the detail from the 'Layaway Orders' section of their user's accounts. They can get to know the amount and installments that are paid or still remaining.
Reviews & Ratings
Damola
5Go for it
The extension effectively did what I was looking for. No problems or no customization required.
Speaker-Hub
4Cover all our requirements
I recommend this extension. It's very easy to install & use.
LedJunction
5Target the budget buyers
We have easily split up payments for some of our products and the conversion rate increased significantly inspite of charging a layaway fee. It's better to target the budget buyers.
Jg-dropship
4Top installment payment solution
An excellent addition to our store. Checkout conversions have improved after adding the partial payment solution in our store. Now our customers can buy certain products in 3 easy installments.
henry
4Perfect module
In our store we’re selling products whose price is very high which is difficult for the customers to pay at once. This extension empowered our store to sell products by creating flexible installment plans.
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