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Description

Odoo Website PayLater: ‘Buy Now Pay Later’. No Need to enter card details, No instant payments- easier budget loads, which can lead your website to more conversions from customers.

Some of the Major Reasons for Shopping Cart Abandonment on websites:

  • Long Checkout payment Process
  • High Prices
  • Just adding the product to buy
  • later Payment issues

The module solves all four issues in one go. For Pay Later. No credit card needed, curtail checkout process.

No mandate for upfront payment means promoting customers to buying the products in the first go rather than adding and abandoning the cart.

The module opens the door for improving website conversions and Higher shopping cart value on your Odoo website.

 Prerequisites For Using Odoo Website PayLater Module

Odoo Website PayLater works in conjunction with the following module:

Odoo Payment Acquirer PayLater

Firstly, you must install this module for Odoo Website PayLater to work perfectly.

 Odoo Website Pay Later Features

 Add Pay Later Option to website

  • Eligible customers can use the option to place instant orders and Pay later.
  • The Pay Later option eliminates the need for customer’s card details.
  • Enable Pay later manually for customers or automatically using eligibility rules.

 Enable pay Later Option Limit manually

  • Assign Pay Later option for all customers, or specific customers manually.
  • In addition, Set Pay Later for all or selected products and product categories.

 Alternatively, Define Pay Later Eligibility Rules

  • Add rules in the backend to allow only loyal customers to be eligible to the Pay Later method.
  • Define rules on the basis of the customer’s total website order count or purchase amount.
  • Eligible customers are automatically assigned the credit limit and notified via mail.

 Place Pay Later Credit Limit

  • Set a Pay Later Credit limit in the backend.
  • Once pay later is enabled, the customer automatically gets the assigned credit limit in his account.
  • Assign the credit limit for desired customers manually or automatically through rules to eligible customers.

 Configure Billing Cycles For payments

  • Set bill due date for the pay Later payments.
  • Set monthly bill date to receive payment for ‘Pay Later’ website orders.

 Define Late Payment Structure

  • Define Fines incurred for non-payment or late payment of orders.

 Maintain Separate Pay Later Transactions

  • All ‘Pay Later’ transactions are noted in Odoo backend.
  • The customer can see their ‘Pay Later’ orders in their Website Account.

 Payment Notifications mails

  • Set Cron to send reminder emails to the customers.
  • Send payment reminder emails to customers before and post Bill date.
  • Set notification frequency in the backend.

 How Do ‘PayLater’ Works In Odoo?

Enable Pay Later option for all customers, or specific customers. In addition to customers, you can also enable this option for all products, or specific products.

Or set eligibility criteria in Odoo backend configuration.

Assign a credit limit or spending limit to customers eligible for Pay Later.

If defined by rules, the customers passing the criteria are automatically assigned the set credit limit and notified via mail.

Those customers can purchase the products with total worth equal or less than the assigned limit.

The customers don’t need to make the payment at checkout and the order is processed.

The payment for the order can be made at a later date set by the Odoo admin.

Appropriate penalties are applied for late payment; also set by the admin in Odoo.

 Assign Credit Limit For PayLater Option

The PayLater credit limit or spending limit is the maximum purchase value threshold for customers to buy products using 'PayLater’ option.

It can be accredited manually to all or selected customers.

Or, if governed by rules, it is automatically enabled for customers if they pass the set criteria for Paylater.

Odoo Website PayLater

Webkul's dedicated support provides you with the customizations and troubleshooting solutions for Odoo Website PayLater.

For any query or issue please CREATE A TICKET HERE

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Product Version
1.0.0
Supported Browsers
Firefox 5+Google Chrome 14+Internet Explorer 7Internet Explorer 8Internet Explorer 9Opera 11Safari 5
Tags
Released
4 years ago
Last Updated
3 months ago
Supported Version
Odoo12.x13.x14.x15.x16.x17.x