DEPART is a powerful plugin for WooCommerce users that allows you to offer flexible payment options to your customers. By splitting product price that customers have to pay in installments or make a deposit; instead of forcing users to pay all at once, you can increase sales, improve customer satisfaction, and reduce cart abandonment.
Understanding “Deposit”, “Installment” and “Payment Plan”
- Deposit: Deposit is the initial payment. A deposit is a partial payment made by a customer at the time of purchase for a product. This initial payment secures their order and ensures the product is reserved for them. It’s essentially a down payment on the total cost of the item.
- Payment Plan: A payment plan is a structured arrangement where the remaining balance of a product’s price is divided into multiple installments. These installments are made over a specified period, allowing customers to spread the cost of the product over time. Basically, a payment plan outlines the subsequent payments to complete the purchase
- Installment: An installment is a small part of a bigger payment. A payment plan might include multiple installments
Example: If you buy a bike that costs $100: Instead of paying the whole $100 at once, you can break it down into smaller payments. Build a payment plan with each of these smaller payments (installments). E.g. you could pay $25 each month for four months. Then that is a payment plan with 4 installments, including the initial deposit that the customer pays when they purchase the product.
By offering deposits and payment plans, DEPART helps online stores improve sales by providing flexible payment options to customers.
Features of Deposit and Part Payment for Woo
- Accept deposits on products in your store.
- Flexible Payment Plan: Users can set up customized payment schedules according to their preferences, allowing them to choose the frequency and duration of installment payments.
- Offer payment plans to specific users and products by Deposit rules
- Add Exclusive Payment Plans for products on product level custom.
- Automatic Payment Processing: Automatic the installment payment process, making it hassle-free for both the customer and the merchant. It integrates with popular payment gateways like Stripe
- Reminders and Notifications: Sending reminders and notifications to customers about upcoming installment payments, helping them stay informed and organized.
- Disable specific payment gateways when there’s a deposit in cart
- Compatible With : WooCommerce, WooCommerce Stripe Gateway, WooCommerce Email Template Customizer.