Offering flexible payment options can significantly improve the buying experience for your wholesale customers. With Wholesale Payments, you can easily create customized payment installment plans that suit your business needs, whether a NET30 plan, a 50% upfront payment, or any other custom schedule.
You can set it by navigating to Wholesale > Wholesale Payments > Payment Plans.
Editing Payment Plan
We have some pre-defined common payment or invoice plans that you can use. However, you can create a custom payment plan as well. For a custom payment plan, you may configure:
- Enabled Toggle: Activates or deactivates the payment plan. If toggled on, the plan will be available at checkout.
- Plan Name: A field to input the name of the payment plan (e.g., “3 equal payments”).
- Plan Description: A short description of the payment plan visible to customers at checkout (e.g., “Pay 1/3 at checkout, and the rest in 30 and 60 days”).
- Plan Breakdown: You may set how would you divide the plan
- Days after Order: Enter the number of days after the order is placed for the payment to be due. Eg, 30, 60, or 90.
- Amount Due: You can choose between “Fixed Amount”, “Percentage”, or “No Payment Required”.
Payment Plan Restrictions
Payment Plan Restriction allows you to control which users or roles can access specific payment plans. You can restrict the plan to particular wholesale roles (such as “Gold Members” or “VIP Wholesalers”), ensuring that only users with these roles will see and use the payment plan. Additionally, you can further limit availability by specifying individual wholesale users who are allowed to use the plan. This feature gives you flexibility in offering customized payment options to different segments of your wholesale customers. Toggle the Apply Payment Plan restriction and you’ll see the options to restrict the payment plan to Wholesale Roles or Users.
