Many customers love the idea of an installment when they purchase an item. It’s also easier for them to buy your products without thinking twice. So, having a WooCommerce Installment Payments plugin on a website is a must. It enables you to add partial payment as an option for your customers. They can pay partially and pay it depending on the date you put on the admin page.
Moreover, you can use this plugin for payment plans and add additional monthly charges. It will help you to make more profit in a matter of time. Also, it encourages more people to visit your website and make purchases.
This article will show five WooCommerce Installment Payments plugins and present each feature and functionality. Read on and find out the perfect one for your WooCommerce store.
Best WooCommerce Installment Payment Plugins
1. WooCommerce Deposits – Partial Payments Plugin
WooCommerce Deposits is one of the ideal plugins to receive partial or installment payments from your customers. You can set a fixed monthly fee for your clients and add percentages depending on how long they pay for your product. Some features include the Accept or Force Deposits from their particular purchases. So, it’s up to you whether you want to receive the instant deposit as soon as they purchase or add it up on their next installment.
On the checkout page, you can put an installment or deposit section as your customers’ payment option. They will see it upon their purchase. Also, it comes with automatic email reminders to remind them if there are only a few days left before their installment deadline.
You can choose your installment type’s fixed or percentage value for the admin. You can enable or disable the deposit section with a single click.
Moreover, you can disable other payment gateways except for the installment option. Since you can use this to raise your profit, enabling this payment type could increase your revenues. Another one is that you can always add custom messages if they choose their payment gateway, whether complete or partial.
Price: $54 (one time payment)
Active installations: 7,800+More info / Download
2. SUMO WooCommerce Payment Plans
If you are looking for a flexible installment plugin, this WooCommerce Installment Payment can help you in different ways. It allows other payment gateways, such as deposits, down payments, partial payments, and even order payment plans. In these ways, you entice different types of customers to your website.
Another excellent and unique feature is Stripe automatic payments. Since many clients use this payment processing, this plugin improved their system by accepting payments from the platform.
This plugin allows customers to book the products they want through deposit payments. You can set the minimum deposit amount from your settings page. Another option is to let your clients propose their deposit amount; you must disapprove or approve it.
Keep in mind that you can put a deposit as optional or mandatory. So, if you think you’ll earn more through a deposit, you can enable it anytime. If not, just set the payment gateway to its original status.
As for the installment payment, you can charge interest based on how long they plan to pay for their purchases. Furthermore, you can also use this plugin to set a plan for your website.
Price: $49 (one time payment)
Active installations: 2,500+More info / Download
3. WooCommerce Deposit Down Payments
Here’s another WooCommerce Installment Payment plugin that will help you accept installment payments from your customers. Depending on their preferences, you ask your clients for full or deposit payments. They can choose to complete their total amount later. Moreover, they can add several purchases to their cart and set the deposit as their payment option.
You can set the fixed or deposit price on the admin page. Furthermore, you can select the deposit or partial payments to one or more of your products. Also, you can configure or disable the full payment option to allow your customers to choose only the installment payment option.
The installation process is pretty simple. As you purchase this plugin, click Download the Zip file. Then, go to your WordPress Plugin dashboard and click on the Upload Plugin button. Choose the zip file and proceed to the “Install Now” and “Activate.”
Once you activate this plugin, it will show you the settings page to enable or disable your users’ downpayment or full payment option. You can add the products set for the Installment payment gateway in the Product section.
Price: $45 (one time payment)
Active installations: 100+More info / Download
4. GoPay Payments Gateway for WooCommerce
This WooCommerce Installment Payment plugin allows you to accept different payment methods. You can accept MasterCard, Visa, VisaElectron, Maestro, Platba 24, UniCredit Bank, Fio Banka, and more. This plugin allows you to create installment payments through credit or debit cards. Through this transaction, you are allowing more clients to pay partially for more significant amounts of purchase.
Another key feature of this plugin is that all the elements from GoPay Payments Gateway would also be available to your WooCommerce or WordPress websites. That way, you’ll have more convenience and keep everything in its place. It also comes with the GoPay test or production environment.
One of the things you need to keep in mind with payment gateways is security. You need to make sure that it is safe enough for various transactions. Good thing, it has HTTPS secure payments to ensure its stability and security. Furthermore, this HTTPS gives peace of mind to your buyers.
Upon purchase, your customers can find the descriptions and notes on the Single Order or Orders section. So, technically speaking, everything you need is here, including the installment payments for your clients.
Price: $49 (one time payment)
Active installations: 60+More info / Download
Now that we’ve found these five other WooCommerce installment and partial payments for your clients, you can choose one to set up on your WooCommerce. You’ll see how it will help you increase your profits in a short amount of time.