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The amazing thing about Magento Partial Payment extension is when customer reaches at your store he/she will be given a choice of purchasing any product with installment facility. Customer can pay a certain amount of price of the product (which can be set by the admin to buy it) and the rest of the amount can be paid after certain time period (which can also be set by the admin).

When a customer reaches at your store that has Partial Payment module installed then he/she will be given a choice of purchasing any product with installment facility. Customer can pay a certain amount of price of the product which can be set by the admin to buy it and the rest of the amount can be paid after certain time period which can also be set by the admin. Admin can also add surcharge for installments and can send Reminder Emails to their customer when due date of remaining payment is near. Admin can also enable auto-capture facility to capture remaining payments automatically.

By using Partial Payment module, your customers can have option to purchase multiple products simultaneously as they don’t need to pay the whole amount at an instant for their purchased products. So they can manage their budget among different products without any financial limitation.

Features:

Admin:

1. Admin can set the brand label to Partial Payment module and according to that it will be displayed on the Front-End.
2. Partial Payment can be configured as Optional or Mandatory.
3. Facility to get Carbon copy of each email to be send to the customers. This can be configured from Main configuration.
4. Email will be automatically send for Order Confirmation (when buyer purchases any product), Installment Reminder (Reminder email for next installment) and Installment confirmation (when buyer pays next installment)
5. Select customers or customer groups to whom you want to give Partial Payment facility.
6. Admin can set fixed amount or percentage amount to be paid by customer while purchasing product from your online store.
7. Partial Payment can be applied to all products, selected products, out of stock products or even on whole cart also.
8. Admin can add surcharge for multiple payments. Admin can define the installment amount and no. of installments in this case.
9. Partial payment can also be limited to whole cart price total having more than x amount of price.
10. Admin may define some credit limit for customers. That credit amount will be the maximum amount for customer as remaining installment.
11. Admin also can set the number of days, weekly, or monthly payment system in which the customer has to pay the rest of the price of the product he/she bought.
12. Admin will have discount calculation option to deduct discount from first installment or distribute that discount equally in all installments.
13. Admin will have facility to Auto-Capture the remaining installments.

Buyer:

1. Buyer can have facility to pay whole amount in installments for their purchased products.
2. Buyer can have Discounts on Out of stock products if admin has defined.
3. Buyer can see the calculation of amount to be paid now as he/she selects option to use partial payment.

Other:

1. Your store’s sales will be increased as customer can buy more products simultaneously having limited money at that time.