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- Description
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- Changelog
Magento 2 Partial Payment extension increases sales opportunities and brings more profit to stores by allowing customers to purchase products based on EMI. Furthermore, the admin can configure the EMI down payment calculation in percentage or fixed price. The module allows the admin to set the EMI option to enable or disable from the admin panel.
The availability of EMI options can attract new customers who may not have been able to buy the full cost of a product upfront. It can also encourage existing customers to make larger purchases, knowing they can pay in installments.
Highlighted Features
Partial Payment Option
Customers can buy products by paying down payments and the EMI
Customer Groups
Allows to set an EMI facility for particular customer groups.
Order Management
Manage order installments, down payment, and partial payment fees.
Down Payment Calculation
Allows to set down payment in the percentage of fixed price.
Interest Calculation
Calculate the interest charges based on the down payment and the duration of the EMI plan.
Partial Payment Management
Allow managing partial payments, including tracking the amount paid, outstanding amount, and due dates for future payments.
Why We Need Magento 2 Partial Payment?
Magento 2 Partial Payment EMI allows customers to purchase products in EMI, resulting in increased sales and the requirement to pay only a small security deposit. The down payment calculation can also be set up in a fixed price or percentage format. The down payment calculations may also be set to fix price or in a percentage format. It allows for increasing sales as lots of customers are not able to purchase the product with a one-time payment.
By using the EMI option costly product can also be purchased easily by every user. By offering the option to pay in installments, customers can enjoy greater flexibility and convenience when making purchases. Customers can spread the cost of their purchase over several months which makes it easy to purchase high-cost products.
Stripe Payment Service
Stripe is an online payment processing service that is used to accept online payments from your bank account. It was founded in 2010 and now it has become one of the most popular online payment methods.
- Stripe provides an easy-to-use payment method in Magento 2 that allows businesses to accept payments from customers all over the world.
- With Stripe, businesses can accept various payment options such as debit cards, credit cards, or digital wallets like Apple Pay and Google Pay, bank transfers, and more.
- Stripe offers a range of other services for businesses, such as fraud prevention, recurring billing, invoicing, and reporting.
- It offers a range of APIs and developer tools, making it easy for developers to build custom payment solutions on top of Stripe's platform.
Integrate Magento 2 Partial Payment Extension
The store owner can set the configuration setting to integrate the Magneto 2 Partial Payment EMI Extension into your store.
- The admin can enable/disable the EMI option for customers.
- The store owner can allow customer groups to use the Partial Payment EMI.
- The admin can set the shipping and tax charges on the first down payment/all installments.
- The admin can allow and select the payment method for the Partial Payment EMI option.
Primary Options for Installment Setup
Here are some basic configurations to set up partial payment EMI calculations for your customers:
- The admin can use the number of installments to purchase any product on the EMI option.
- The store owner can set the frequency according to weekly, monthly, or quarterly.
- The admin can change the setting of the calculation for a down payment in percent/fixed price.
- The admin can charge a Partial Payment fee on the first down payment/all installments.
Manage Installment Payment Details
The admin can manage the Installments and can view the EMI orders and payment details:
- The store owner can view the EMI order details of the customer.
- The admin can check the payment amount and date.
- It allows the store owner to view the status of the order and can approve the order status in Magento 2.
- Furthermore, the store owner can also pay the installments on behalf of the customer from the admin panel.
Customer View For Partial Payment Order
Using Magento 2 Partial Payment EMI, customers can view the EMI details for the order from their profile page:
- After placing the orders, customers can view the total amount for the product.
- Customers can also check the paid and remaining amount of the EMI order.
- The module allows customers to check the status of their orders.
- By using Magento 2 pre-order customers can also purchase the pre-launch products by paying some pre-order amount.
- It encourages existing customers to make larger purchases, knowing that they have the option to pay in installments.
Support for Magento 2 Partial Payment Using EMI
For any query or issue please create a support ticket here http://webkul.uvdesk.com/.
You may also check our quality Magento 2 Extensions.
Recent Reviews
Write a reviewExcellent
Posted On -
September 17, 2021
Webkul is a truly trusted and supported IT Company to develop business ideas for e-commerce. They provide professional support after deploying the solution to production and be responsible to act for fixing the reported issues or system errors. We highly encourage to deal with Webkul for business development.
Frequently Asked Questions
How can the store owner calculate the price of the down payment?
The store owner can select the option of calculating a down payment in percentage or a fixed amount. And can enter the amount manually from the backend.
Can the admin disable the module Partial Payment EMI for Magento 2?
Yes, the admin can disable the Partial Payment EMI option, so that customers can not purchase the product by using the EMI option.
Can the admin set the interest rate for partial payment EMI?
Yes, the admin can set the interest rates manually from the admin panel.
Can customers view the remaining amount of the EMI?
Yes, customers can view the remaining amount for the particular product from the customer profile page.
Can the store owner pay the EMI for any particular customer?
Yes, the store owner can pay the EMI for any customer from the admin panel.
Move to Cloud Today
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In our default configuration we will provide tremendous configuration for your eCommerce Website which is fast to load and response.
Default Configuration Details of Server
- 1 GB RAM
- 1 Core Processor
- 30 GB Hard Disk
- DB with 1 GB RAM and 1 Core Processor
* Server Configuration may vary as per application requirements.
Want to know more how exactly we are going to power up your eCommerce Website with Cloud to fasten up your store. Please visit the Cloudkul Services.
Get Started with Cloud- + Features
- - Bugs
Version 4.0.0
- + Compatible with Magento 2.4.x
- + Let your customer pay into easy monthly installments
- + Set installment, down payment & installment period from the backend
- + Option to set downpayment & partial payment fee
- + Configure specific payment methods to accept Payment
- + Enable the partial payment facility for particular customer groups and payment methods.
