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🚩 Challenge
There are always customers who want to buy a product right now, but the high price of the product can increase the time for decision making. Installment payment can be a good solution, but there is no such option in the native functionality of Magento. So each case may have an impact on the conversion rate.
💫Solution
This Magento Partial Payment extension provides customers the possibility to decrease initial investment and make the payment in installments comfortable for the customer. Such an approach provides more flexibility and decreases the customer resistance to pay, which enhances the customer experience and increases the conversion rate.
Increase sales conversion rate
Enhance shopping experience
Boost customer retention
The extension allows you to set a partial payment option due to your sales strategy both from the backend admin panel and from the checkout page. Moreover, a buyer can see full information about installment payments and remaining amounts in a customer account, and you can see and manage all partial payments from the admin panel settings.
Let customers enjoy the product without paying the full sum at once. Installment payment in your Magento store is a great alternative for B2B, expensive or innovative products. It decreases the investment needed to make a purchase and thus increases the conversion rate. It even lets your customers "get the product now and pay later" with zero first installment payment option. This extension also allows customers to pay partly for two different products at once.
Offer a partial payment option to verified customers who already have at least one completed order in your store. A customer can leave a request for payment partially, and you can provide this option with special settings. Thus, you receive predictable revenue, and a customer gets a chance to pay for the order in a suitable way.
Let customers choose the payment option that suits them the most! Provide partial payment options in your store that are supported by native Magento 2 payment methods, and also Braintree’s PayPal and Braintree’s Credit Card. This feature ensures great customer service and has a positive impact on customer retention.
Remind customers about payments using email notification settings. With this feature, you can create a custom payment reminder email and send it in one click from the admin panel. You can also create payment reminder email templates and use them to speed up the process.
Quickly create invoices with the required amount in the admin panel and send them to the customer. Every customer can see all invoices in their account and print them if needed. In addition, the extension allows customers to define a comfortable amount per one payment by themselves
Magento 2 partial payment module allows you to allow your customers to pay for goods in installments. Partial payment is essentially an installment payment on an invoice. By agreement with the party issuing the invoice, a payment schedule is drawn up.
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