<div>When you’re dealing with personalized made-to-order products, B2B clients, or handling large-scale orders, invoicing before payment is pretty much standard practice. That’s where the Invoice Payment Options for WooCommerce extension comes in—it lets your customers place orders now and settle up later. The extension adds a flexible payment method specifically designed for invoice-based transactions. You can customize everything from the payment method’s title and description to the instructions customers see, plus choose what order status gets assigned by default.</div>
<h2><strong>Features</strong></h2>
<ul>
<li>Adds a new invoice-payment method on your store</li>
<li>Allows customers to checkout without making payment using invoice-payment method</li>
<li>Customize invoice-based payment methods’:
<ul>
<li>Title</li>
<li>Description</li>
<li>Instructions</li>
</ul>
</li>
<li>Choose the default order status for invoice-payment based orders</li>
</ul>
<h2><strong>Free Vs Premium:</strong></h2>
<div>Need more control over when the invoice payment option shows up at checkout? Our premium <a href="https://woocommerce.com/products/invoice-payment-option/">Invoice Payment Option</a> extension gives you advanced features to manage exactly how and when customers can checkout using the invoice payment option.</div>
<div></div>
<div><img class="alignnone size-full" src="https://woocommerce.com/wp-content/uploads/2021/09/woocommerce-payment-option-free-vs-premium.png?resize=1970,2048" width="1970" height="2048" /></div>
<div></div>

Invoice Payment Option Free

<p>Add an invoice payment method to your checkout allowing your customers place order without making payment at checkout.</p>

<h1>Offer Customers a Savings Plan to Buy Your Products</h1>
<p><strong>Savings Plan for WooCommerce</strong> helps users save for products you sell. When the buyer saves the total purchase price, it alerts them.</p>
<h2>Types of Savings Plans</h2>
<p><strong>Fixed Installment</strong></p>
<p>The user saves a fixed amount for a specified period.</p>
<p><strong>Fixed Duration</strong></p>
<p>The user saves for a product within a defined period. The user can save any amount, any number of times.</p>
<p><strong>Indefinite Duration</strong></p>
<p>In this Savings Plan type, there is no time limit. The user saves any amount any number of times.</p>
<h2>Benefits</h2>
<p><strong>Convert potential prospects to customers</strong></p>
<p>Offering a convenient way to save for future purchases within your site can help to convert potential prospects to customers.</p>
<p><strong>Gain insights into future sales</strong></p>
<p>Customers saving for purchases reveal future purchase intent. Track savings for products to predict purchase trends.</p>
<p><strong>Attract new customers</strong></p>
<p>Customers who benefit from savings plans may refer new users to your site.</p>
<h2>How does it work?</h2>
<p><strong>Fixed Installments Savings Plan</strong></p>
<ul>
<li>A user lands on a single-product page.</li>
<li>If the user wants to purchase the product, they click the Add-to-Cart button.</li>
<li>If the user wants to save for the product, they have to select the Save-for-this-Product checkbox.</li>
<li>Once enabled, the available savings plans display in a dropdown menu.</li>
<li>Once a savings plan is selected, the following details will be displayed:
<ul>
<li>Number of installments</li>
<li>Installment amount and installment frequency</li>
<li>Plan the start date and end date</li>
</ul>
</li>
<li>When the user selects the Pay-First-Installment button, the product will add to the cart. Once payment is complete, the savings plan opens.</li>
<li>Your users can access their savings plan from their My Account Page > My Savings Plan.</li>
<li>The user will manually pay the remaining installments. You can optionally enable Automatic Payments when your users pay using WooCommerce Stripe Payment Gateway.</li>
</ul>
<figure style="width: 1080px" class="wp-caption alignnone"><img src="https://woocommerce.com/wp-content/uploads/2021/04/single-product-page-fixed-installment.png" alt="" width="1080" height="608" /><figcaption class="wp-caption-text"><strong>Fixed Installment Dates without Deposit<br /></strong></figcaption></figure>
<figure style="width: 1080px" class="wp-caption alignnone"><img src="https://woocommerce.com/wp-content/uploads/2021/04/single-product-page-fixed-duration.png" alt="" width="1080" height="608" /><figcaption class="wp-caption-text"><strong>Fixed Installment Dates with a Deposit</strong></figcaption></figure>
<p><strong>Fixed Duration Savings Plan</strong></p>
<ul>
<li>A user lands on a single product page.</li>
<li>If the user wants to purchase the product, they click the Add-to-Cart button.</li>
<li>If the user wants to save for the product, they enable the Save-for-this-Product checkbox.</li>
<li>Once enabled, the available Savings Plans will display in a dropdown menu.</li>
<li>Once a Savings Plan is selected, the following details will display.
<ul>
<li>Plan start date and end date</li>
<li>A field to input the savings amount</li>
</ul>
</li>
<li>When the user selects the Pay-First-Installment button after inputting the savings amount, the product will add to the cart. The savings plan opens when the payment is complete.</li>
<li>Your users can access their savings plan from their My Account Page > My Savings Plan.The user will manually pay the remaining installments.</li>
<li>The Fixed Duration Savings Plan requires that the user saves for their chosen product within a defined time period. The user can save any amount, any number of times. You can optionally restrict the minimum or maximum amount of the savings plan.</li>
</ul>
<figure style="width: 1080px" class="wp-caption alignnone"><img src="https://woocommerce.com/wp-content/uploads/2021/04/single-product-page-indefinite-duration.png" alt="" width="1080" height="608" /><figcaption class="wp-caption-text"><strong>Fixed Duration with a Deposit and Indefinite Payments</strong></figcaption></figure>
<p><strong>Indefinite Duration Savings Plan</strong></p>
<ul>
<li>A user lands on a single product page.</li>
<li>If the user wants to purchase the product, they click the Add-to-Cart button.</li>
<li>If the user wants to save for the product, they enable the Save-for-this-Product checkbox.</li>
<li>Once enabled, the available savings plans will display in a dropdown menu.</li>
<li>Once a savings plan is selected, the following details will display:
<ul>
<li>Plan start date</li>
<li>A field to input the savings amount</li>
</ul>
</li>
<li>When the user selects the Pay-First-Installment button after inputting the savings amount, the product will add to the cart. The savings plan opens when the payment is complete.</li>
<li>Your users can access their savings plan from their <strong>My Account Page > My Savings Plan</strong>.The user will manually pay the remaining installments.</li>
<li>In the Indefinite Duration Savings Plan type, there is no time limit. The user can save any amount, any number of times. You can optionally place a restriction on the minimum or maximum amount saved.</li>
</ul>
<p><strong>Product Fulfillment Process</strong></p>
<ul>
<li>Once all installments are paid, the user is notified by email. The emails contain links directing users to checkout pages.</li>
<li>On the checkout page, the user can review their shipping address and make changes if needed. Users can agree to pay shipping costs, if applicable, and place their orders.</li>
<li>Savings Plan for WooCommerce helps users to save for products sold in your shop and purchase them once they save the total price.</li>
</ul>
<figure style="width: 1080px" class="wp-caption alignnone"><img src="https://woocommerce.com/wp-content/uploads/2021/04/savings-plan-email.png" alt="" width="1080" height="608" /><figcaption class="wp-caption-text"><strong>Savings Plan Completed Email</strong></figcaption></figure>
<figure style="width: 1080px" class="wp-caption alignnone"><img src="https://woocommerce.com/wp-content/uploads/2021/04/savings-plan-product-fulfillment.png" alt="" width="1080" height="608" /><figcaption class="wp-caption-text"><strong>Product Checkout After Saving the Money<br /></strong></figcaption></figure>
<h2><strong>Requirements</strong></h2>
<p>Minimum PHP version: 5.6</p>

Savings Plan

<p>Savings Plan for WooCommerce helps users to save for products sold on your shop and receive them once the amount has been saved.</p>

Invoice Payment Option Free vs Savings Plan