Down Payment Module
Downpayments or spread payments for Magento are very common when orders come in large amounts. The customer makes an initial payment as a deposit and completes the payment once they have received their products.
A client processes a normal checkout procedure and selects "Down Payment" as payment method. It will be required a downpayment, which is a percentage of the total amount previously set by the administrator. In the backend, the order will show as "Pending down payment". Once the payment has been made, the order will get the status "Processing" and it will be processed as usual, but after being delivered, the status will be "Pending full payment", until the rest payment is made by the customer. Once the customer receives the products and completes the payment, the administrator can complete the order.
This method is a real sales booster for e-commerce business that has large average order amounts and want to meet their clients' risk expectations.
The downpayment module on average increases sales with 35% on orders with large amounts.
Module € 425,-
Installation service € 150,-
Customer > Puts product in cart
Customer > Selects “down payment” + method checkout
Orderstatus > Pending downpayment
Customer > completes payment
Order status > processing + registration down paid amount
Admin > Creates shipment
Magento > Zend rest payment instructions towards customer
Order status > Pending full payment
Customer > Comletes full payment through special checkout
Order status > Complete