AutifyDigital V12Finance Payment Integration

V12 Retail Finance is a leading UK-based retail finance provider, part of Secure Trust Bank PLC, offering flexible credit solutions to retailers and their customers. With over 40 years of experience in consumer finance, V12 Retail Finance enables merchants to offer interest-free credit, interest-bearing credit, and Buy Now Pay Later options at checkout. V12 Finance is authorised and regulated by the Financial Conduct Authority (FCA), ensuring compliance with UK financial regulations and providing merchants and customers with a secure and trustworthy financing experience.

The V12 Finance extension for Magento 2, developed by Autify Digital, provides a seamless integration between your Magento store and V12 Retail Finance's payment platform. This extension enables merchants to offer flexible finance options directly at checkout, allowing customers to spread the cost of their purchases over time with monthly instalments. The extension features an intuitive finance calculator that displays on product pages, cart pages, and checkout, helping customers understand their repayment options before committing to a purchase. With comprehensive admin controls, automated application status updates, and full order lifecycle management including dispatch notifications and refund processing, this extension transforms your Magento store into a complete finance-enabled retail platform.

Whether you sell furniture, electronics, jewellery, or any high-value goods, the V12 Finance extension helps increase average order values and conversion rates by removing the financial barrier of large upfront payments. Customers can apply for finance directly during checkout, receive instant decisions, and complete their purchase—all within a streamlined user experience that keeps them on your website throughout the journey.

Features

• Flexible Finance Options: Display multiple finance products including Interest-Free Credit and Interest-Bearing Credit with customisable term lengths (3 to 48 months).
• Interactive Finance Calculator: Fully responsive finance calculator modal on product pages showing deposit amounts, monthly payments, APR, total amount payable, and representative calculation.
• Checkout Integration: Seamless V12 Finance payment method at checkout with real-time finance calculation, deposit slider, and term selection.
• Automated Application Status Updates: Real-time webhook integration for automatic order status updates when applications are accepted, declined, referred, or cancelled.
• Order Dispatch Integration: Automatically request payment from V12 Finance when orders are shipped, ensuring compliant fulfilment workflows.
• Refund Processing: Full and partial refund support through Magento's credit memo system with automatic V12 Finance application updates.
• Price-Based Finance Options: Configure different finance products for different price ranges, enabling tailored finance offerings based on order value.
• SKU-Based Finance Options: Assign specific finance products to individual SKUs for granular control over which products can be purchased on finance.
• Sale Product Finance Configuration: Separate finance options for sale items, with support for sale categories, sale prices, and coupon code triggers.
• Category-Based Finance Control: Enable or disable finance options for specific product categories.
• Click and Collect Support: Full support for click and collect orders with card summary retrieval for in-store deposit collection.
• Multi-Store Support: Configure different V12 Finance credentials and settings per store view for multi-brand retailers.
• FCA Compliance Footer: Automatic display of required FCA regulatory text including trading name, FCA number, and credit broker disclaimers.
• Customisable Email Notifications: Automated customer emails for pending, declined, error, cancelled, and awaiting contract application statuses.
• Applications Report: Comprehensive admin grid showing all finance applications with filtering, export functionality, and quick status updates.
• Fetch Application Status: Manual application status refresh directly from order view page for real-time status verification.
• Request Payment Button: Admin button to manually trigger payment requests for approved applications.
• Design Customisation: Upload custom images, configure colours, fonts, and CSS for the finance calculator to match your brand.

Account and Pricing

An additional V12 Retail Finance merchant account is required, and additional fees may apply. The account is not created during extension installation. To become a V12 Finance retailer, you must apply through the V12 Retail Finance onboarding process. Please visit the V12 Retail Finance website to start your application. V12 Finance will provide you with your Retailer ID, Retailer GUID, and Authentication Key required for the extension configuration. Transaction fees, interest subsidies (for interest-free credit), and account fees vary based on your agreement with V12 Finance. For pricing details and to discuss your requirements, please contact V12 Finance directly at Integration@v12finance.com.

Security and PCI Compliance

This extension employs industry-standard security practices to protect customer data. Upon selecting Pay by Finance at checkout, customers are redirected to the secure V12 Finance website hosted at apply.v12finance.com to complete their finance application. All sensitive personal and financial information is entered directly into V12 Finance's PCI DSS Level 1 compliant environment. No customer financial data, credit card details, or sensitive personal information crosses or is stored on your Magento server. The extension only stores non-sensitive application reference data (Application ID, status, finance product selected) required for order management. V12 Finance handles all credit checks, identity verification, and document signing within their secure platform. Customers are redirected back to your store upon application completion with only the application outcome transmitted via secure API.

Analytics and Tracking Integration

• Google Analytics 4 (GA4): Track successful finance applications as conversion events.
• Google Universal Analytics: Legacy UA tracking support for existing implementations.
• Google Ads Conversion Tracking: Track finance conversions for advertising optimisation.
• Google Tag Manager: DataLayer events for successful applications, referred applications, and custom tracking scenarios.

Comprehensive Configuration Options

• Minimum and Maximum Order Values: Set order value thresholds for finance eligibility.
• Minimum and Maximum Loan Amounts: Configure loan amount limits per your V12 agreement.
• Deposit Percentage Range: Set minimum (typically 10%) and maximum (typically 50%) deposit percentages.
• Product Page Calculator: Enable/disable and customise the finance calculator on product pages.
• Cart Page Calculator: Enable/disable finance calculator on cart page with apply finance form option.
• Checkout Display Settings: Customise button text, billing information messages, and deposit error messages.
• Success Page Configuration: Custom messages for referred, signed, and pending application statuses.
• Representative Calculation Labels: Customise all labels in the finance summary including deposit, finance amount, repayment term, interest charged, instalment amount, APR, and total amount payable.
• Order Status Mapping: Configure which Magento order status corresponds to each V12 application status (Acknowledged, Accepted, Awaiting Fulfilment, Referred, Error).

Benefits

• Increase Average Order Value: Customers can afford higher-priced items when spreading payments over time.
• Improve Conversion Rates: Remove financial barriers that cause cart abandonment on high-value purchases.
• No Credit Risk: V12 Finance bears all credit risk—you receive full payment when goods are dispatched.
• FCA Compliant: Built-in regulatory compliance features including required disclaimers and credit broker statements.
• Seamless Customer Experience: Customers complete the entire journey from your store with clear, transparent finance information at every step.