Magento 2 Partial Payment and Layaway

How admin creates payment plans In Magento 2 Partial Payment Extension?

• Magento 2 Layaway extension is a perfect choice for businesses willing to offer their shoppers flexible payment options. Using the extension, the customers can split payments into multiple installments, thus making it easier to purchase costly items easily.
• Select the products in which you want to apply a partial payment plan.
• All products.
• Specific products.
• On the whole cart.

How admin creates payment plans In Magento 2 Partial Payment Extension?

• Apply the following for each product separately or as a global configuration for all products.
• Define the total number of Installments in which the buyer has to complete the payment.
• Set down payment amount as a fixed amount (Like $50) or % value (Like 20% of Price).
• Set installment schedule monthly/daily/weekly.
• Select a fixed installment plan or Flexi layaway plan.

How a buyer places an order using Magento 2 Partial Payment Extension?

• Buyers can choose if they want to buy the product with partial payment or full payment. Admin can decide if the buyer can have this option in Magento partial payment extension.
• A tooltip window explains the payment plan in detail.
• A buyer can select the partial payment option from the product page or cart page, depending on the admin settings.
• A buyer will see the down payment and remaining amount both on the cart page as well as the checkout page.
• From the "My Account" section, customers can keep track of the amount already paid, the amount to be paid, and a number of installments remaining.

How buyers pay installments in Partial Payment Magento 2 Extension?

• Buyers can make a payment from the "My Account" section using the Magento Payment extension.
• Installments would be auto-captured from the buyer's credit card in the Auto version of the Partial Payment Magento 2 Extension.
• Admin can mark payment manually from the backend.
• Prepayment/advance payment of an installment is possible, unlike cart pay later extension.

Order and Invoice Management of Milople Magento 2 Partial Payment Extension

• Separate grid for Partially paid orders.
• Admin can see All paid and pending installments of order from Magento Partial payment order grid.
• Buyer can see all installment and order details(amount paid and to be paid later) from the "My Account" section.
• The invoice would be generated once at order placement and will be updated regularly with each installment payment details of amount paid and to be paid later.
• Easy order management as the Magento 2 Partial Payment Extension manages all installments of one order in the single order itself and doesn't create separate orders.

Installment fee, shipping, taxes, and discount

• The seller can add installment fee to the value of the order and can include it in the down-payment amount or distribute it in all installments.
• Installment fee can be a fixed value(e.g $50) or % value of product price(e.g 40%).
• You can customize the "Installment fee" button label to something like "Installment charge," "Surcharge," etc.
• Discount, shipping cost, and taxes can be applied to down payment or can be distributed equally in remaining installments.

Email notifications On Magento 2 Partial Payment Extension

• Admin can set enable/disable the option of sending emails and notifications to customers for different events like:
• Installment payment confirmation
• Installment failure
• Notify buyer “x” days before the installment payment due date
• Auto-capture payment confirmation
• Notify buyer “x” days before the auto-capture due date
• Order confirmation
• Installment overdue notice
• You can also send email templates to your customers, informing them about these actions.