What is Split Payment & Deposit?
Split Payment & Deposit is a 4-in-1 app that allows you to increase retail sales by offering more payment flexibility to customers. The app has four key functionalities: Deposit payments. Allow customers to make a deposit and then pay the remaining amount at a later date. Multiple payments. Allow your customers to pay by multiple payment methods using the Split payment button on the cart page. Shared payments. Allow your customers to share the payment with others usingFeaturedHow do Deposit payments work?
By using Split Payment & Deposit, you can offer deposit payments to your customers. Deposit payment, also referred to as a deferred purchase, is a type of payment that is delayed in parts to allow customers to pay for the purchased goods at a later date. For example, they can pay a 40% deposit today, and the balance (remaining amount) later, say in a month. Deposit payment statuses The following statuses are available for deposit payments in the app: – TheFeaturedHow do Split payments work?
The app allows customers to split payments into several parts or share them with others. Split orders are processed in several steps: As soon as customers create a split order, it becomes visible in the app. Draft orders are created in the Shopify admin for each part of a split order. As the draft split order is getting paid, a new order for each paid part is generated in the Shopify admin. These orders mustn’t be fulfilled. After all parts of the whole order are , a nFeaturedHow do Installment payments work?
In the app, when your customers buy products in installments, they do the initial payment in the amount set by you (from 0 to 99%). As for the remaining amount, the app will create draft orders and send your customers invoices according to the payment schedule. In order to ensure that customers will get invoices, go from your Shopify admin to Settings Checkout. In the Customer contact section, select Customers can only check out using email and click Save. In the app, installment orFeatured