Magento Partial Payment by FME

by Henry Roger Expert Magento Developer

Magento partial payment extension developed by FME is a highly useful Magento extension from customer's perspective. It allows them to purchase products in installments. With Magento partial payment, they can pay a small amount of the total product price as down payment and pay the remaining amount in easy installments. The store admin determines what should be the down payment, installment payments and layaway payments. This greatly helps customers in case they can't afford to pay the total amount in lump sum. Magento layaway extension helps in preventing cart abandonment that may occur due to high prices. Magento layaway extension offers the following extra features.

Global or Product Specific Layaway Plans:

Partial payment Magento extension allows you to configure layaway plans either for the entire store or specific products. When you configure installment plans globally, it will be applied to all the products in the store.

Per Order or Per Product Layaway Plans:

Store admins can also set layaway plans per product or per order.

Configuration Options:

Store admins can configure layaway payment and down payment in fixed amount or percentage of the product price.

Customer Account:

Magento partial payment extension creates a customer account where customers can view all the details regarding their installments paid, installments remaining, layaway payments, last date to clear all the payments etc.