Partial Payment Pro | EMI

The partial payment option enables you to accept down payments, EMIs, and installment payments when selling goods and services. Customers can acquire things with partial payment by making a down payment at the time of purchase and paying the balance over time in manageable installments.

Partial payment simply means you must pay the smallest amount, known as the down payment, out of the total order price, with the remaining amount being able to be paid in one or more later installments determined by the admin. For the store owner, this creates a wealth of fantastic commercial options.

Customers who want to purchase a product right away but are unable to pay in full at once will find it quite simple to do so with the help of the partial payment extension (also known as Magento Layaway). Thus, customers may control their spending to purchase expensive and numerous things at once.

Offering partial payment for product purchases attracts clients' attention and encourages them to use the convenience that is easy on their wallets, which helps your Magento business generate more sales.

If you're still unsure about why you would need to purchase Partial Payment. take a look at the complete feature list below and decide to buy without hesitation:

Challenge

There are always clients who want to purchase a thing right now, but a product's high price may lengthen the decision-making process. Installment payments can be a viable solution, however, the original function does not offer this choice. As a result, the conversion rate may vary depending on each circumstance.

Solution

Customers have the option to lower the initial investment and make payments in installments more pleasant thanks to the Partial Payment application. More flexibility is offered and consumer resistance to payment is reduced with such a strategy, which improves the customer experience and raises conversion rates.

What benefits do you get for your store

• Increase sales conversion rate
• Enhance shopping experience
• Boost customer retention
• Enable Partial Payment for all products
• Partial Payment for Specific Products
• Dynamic Label to Display on the Product view page
• Tooltip feature to guide Customers
• Simple and global configuration for Partial Payment
• Restrict the Quantity for Partial Payment orders
• Dynamic Labels for Customer convenience
• Installment Payment (Final payment) from My Account

Give customers the freedom to pay how they want

Increase conversions with partial payments

Allow buyers to use the product without having to pay the entire price upfront. Installment payments are a fantastic solution for B2B, pricey, or cutting-edge products in your Magento business. Lowering the investment necessary to buy something, raises conversion rates. Even better, it offers a "get the product now and pay later" option to your customers. Customers may also pay in part for two distinct products at once thanks to this expansion.

Permit verified clients to make installment payments

Provide authenticated consumers with at least one completed order in your store with the option of partial payment. Customers can submit partial payment requests, and you can make this option available with specific settings. Consequently, you get consistent income, and a customer gets a chance to pay for the order in a suitable way.

Conveniently manage partial payment alternatives

Due to your sales strategy, the extension enables you to set a partial payment option from the product page. Additionally, a buyer can view comprehensive information regarding installment payments and outstanding balances in a customer account, and admin panel options allow you to view and manage all partial payments.

Compatible with the built-in payment options of Magento

Allow customers to select the method of payment that best suits them! Provide partial payment alternatives in your store that are supported by Magento 2 payment methods. This feature guarantees excellent customer service and helps retain customers. 

Main Feature:-

• A specific product or the entire category can have partial payment options enabled by the administrator.
• The amount (%) that will be required from the consumer as a down payment can be chosen by the administrator.
• The quantity allowed for partial payment can be specified by the admin.
• The minimum and maximum quantity that each consumer may purchase can be determined by the administrator.
• Simple to configure
• It is simple for the customer to make their final payment
• separate order list for administration to look over and assess

Security:-

This extension does not save customer's payment data which is entered into the  Magento server as customers will fill in payment information in the form on the Magento website. And then, the request to process the payment is sent to the relevant payment gateway. No customer data is ever stored on the Magento server.