Wallet - Prepayment with cashback system

 A wallet extension for Magento 2 is a type of plugin or module that adds a digital wallet functionality to an e-commerce website built on the Magento 2 platform. Magento 2 is a popular and powerful open-source e-commerce platform used by businesses to create and manage their online stores. The wallet extension enhances the platform's capabilities by allowing customers to store funds within their accounts on the e-commerce website, similar to how a physical wallet stores money. 

Offer convenience to your users

Your customers can plan their purchases and add sufficient funds to their accounts to complete them later.

Faster checkout

When your users place their orders through their wallet, they can quickly complete their purchase which reduces cart abandonment.

Insights on future sales

You can get insights on future sales on your site based on the wallet balance of your users.

How does it work?

The administrator can set a Reminder email interval for the customer. Who took advantage of this feature?

Customers can add money to their wallets by using the payment methods available on the Magento store. 

Email Notifications

Customers will receive email notifications when their wallet balance is deducted, recharged, or credited. It will keep your customers up to date on the status of their wallets.

Payment Options That Are Flexible

Customers can pay with their Wallets if their wallet balance is greater than the total cart value. When the wallet balance is less than the total cart value, they can use it as a discount coupon.

Transaction Record

The wallet transactions history of a customer includes entries for wallet recharge, debit, and credit. The merchant can also view the changes as well as a list of their transactions.

Choose the Partial Payment Option.

Customers can pay for products with their Magento wallet balance in Three ways: Total Wallet Amount, Negative Balance, and Manual Wallet Amount. When making a purchase, they can use their entire wallet balance. Alternatively, they can pay a partial payment if have an insufficient wallet balance.

Choose the Negative Payment Option.

Merchants can enable the negative balance feature until a certain amount is reached. Merchants can set a maximum negative balance value for a specific customer or customer group.

What your customers will like

• Speed burst: The wallet provides the customer with an instant payment method, allowing orders to be processed more quickly.
• Transparency: The front office dashboard provides the customer with an accurate and detailed report on all wallet activities.
• Ease of use: The customer credits his wallet and spends the funds as he sees fit on your store.

Key Feature

• The merchant can enable or disable the wallet link at the top (header) of each website page.
• A minimum recharge amount can be set by the merchant. Alternatively, if there is no recharge condition, leave this field blank.
• Partial payment options can be enabled or disabled by the merchant. If enabled, in the event of a low wallet balance. Customers can use their wallet balance to pay off any outstanding balances using any other payment method.
• The administrator can enable or disable the negative balance option. If this option is enabled, the customer can place an order even if their wallet balance is negative.
• The wallet balance can be set to a negative value by the administrator. As a result, the customer is not permitted to exceed the specified amount.
• Admin can select which customers will benefit from the negative balance feature. The rule will be applied to all customers if no value is entered.
• Admin can select which customer Group will benefit from the negative balance feature. The rule will be applied to all customers group if no value is entered.
• The administrator can set a Reminder email interval for the customer. Who took advantage of this feature.
• Admin can select at least one or more order statuses before approving the recharge status.
• Customers will only see the recharge amount in their wallet if the order status matches the above recharge status.
• Admin can select at least one or more order status before canceling the recharge status.
• Customers will only see the recharge amount deduction in their wallet if the order status matches the above recharge status.

Additionally included are:

• Free 90-day support
• Lifetime Free Updates
• Marketplace Return Policy for 25 Days
• Supported Multi-Store 
• 100% Open Source