Top 3 Best WooCommerce Deposits, Installments and Payment Plans Plugin

WooCommerce Deposits, Installments and Payment Plans Plugin allows you to add Deposits and Partial Payments feature to your WooCommerce Store.  Customers can pay a partial price for the product as a deposit and pay the remaining amount in installments. In this article, we have listed the top 3 WooCommerce Deposits, Installments and Payment plugins.

Benefits
It helps to bring more customers and increase the product sales. Also, It helps customers to buy expensive products in Installments.

1. YITH WooCommerce Deposits and Down Payment


YITH WooCommerce Deposits and Down Payments is a Premium WordPress and WooCommerce plugin which is developed by YITH. Using this plugin you can allow a customer to purchase a product by paying a partial amount as a deposit amount and pay the balance amount within a specified time. It helps to increase the conversion rate of your shop.

Some of the important key features are as follows,

  • Product Booking
    Customers can book a product by paying part of the product’s Price as a deposit.
  • Deposit Expiry
    Options to make deposit expiry if balance amount is not paid in time.
  • Email notification
    Email notification for Both Admin and Customers.
  • Product notes
    Useful information can be added to products in the shop.
  • Custom Label
    The plugin allows you to add custom labels for Buttons.

Price: €62/Year

2. SUMO WooCommerce Payment Plans – Deposits, Down Payments, Installments, Variable Payments etc


SUMO WooCommerce Payment Plans is a comprehensive WooCommerce Payment Plan plugin developed by Fantastic Plugins. Using this plugin, you can configure the different payment plans like Deposits with Balance Payment, Variable Amount Installments, Fixed Amount Installments, etc in your WooCommerce Shop.

Key Features offered by this plugin are,

  • Customers can book a product by paying Deposit payment
  • Deposits can be mandatory and optional.
  • Deposit amount can be predefined or user-defined
  • Customers can purchase a product in installments
  • Admin can set interest on installment product purchases
  • Option to pay Down Payment Initially and the balance amount in flexible payment Plans
Use Case Scenarios

1. Deposit Amount with Balance Payment
It allows customers to book a product by paying deposit amount and pay the balance amount within a specified time.
2. Monthly Installments
Customers can purchase a product and pay in monthly installments.
3. Monthly Installments with interest Amount
Customers can purchase a product with some percentage of interest and pay in monthly installments.
4. Down Payment with Installments
Purchase a product by paying a down payment amount and pay the balance amount in installments.
5. Zero Down Payment with Installments
Customers can purchase a product with $0 Down payment and pay in monthly installments.
6. Fixed Payment Plans
Purchase a product by choosing from the various flexible payment plans.
7. Variable Payment Schedule
Customers can purchase a product and pay the payment as per the variable payment schedule.

Price: $39

3. WooCommerce Deposits

WooCommerce Deposits is developed by WooCommerce. Using this plugin you can allow customers to purchase a product by paying a deposit or using the payment plan.

Some of the important key features are as follows,

  • Custom payment plans
    Custom payment plans can be created with variable percentages and intervals.
  • Custom payment schedules
    Custom payment schedules based on days, weeks or months.
  • Full Payment or Deposit
    Option to pay in full or with a deposit.
  • Easy-to-follow visuals
    Intuitive checkout flow for customers, explaining the payment plan in easy-to-understand visuals.

Price: $179/Year

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