The Invoice Payment Option extension for WooCommerce enables you to add a new invoice payment method to let customers place orders without making any payment. Display the new payment option based on user roles, product in cart, order amount, quantity and other conditions.
You can rename the payment method to Pay Later, Pay by Invoice or give it any other name that suits your business requirements. Once the order is placed, the customer will receive the standard WooCommerce order email. If needed, you can also attach invoice PDF with the order emails.
After the order and payment confirmation, you can send a direct payment link using the default WooCommerce feature to let customers pay using the default WooCommerce checkout process. Alternatively, you can choose to receive payment via other channels such as banking checks, cash on delivery, etc.
<h2>Use Cases:</h2>
The following are use cases where this extension can be extremely helpful but not limited to!
B2B Orders:
When working with a company, they usually require an invoice before making the payment. Using this extension, you can allow your customers to place an order without payment. The admin can later on send the payment link to merchants to receive payment via WooCommerce default checkout.
Bulk Orders:
When placing bulk orders, the customers are sometimes reluctant to pay upfront and need assurance before paying. The extension allows them to place orders and once confirmed, they can proceed with the payment.
<h2>Features of Invoice Payment Method</h2>
<ul>
<li>Automatically creates new payment method “Pay by Invoice”</li>
<li>Customize title, description and default order status</li>
<li>Create multiple rules to show invoice payment method based on
<ul>
<li>Customers and user roles</li>
<li>Specific products, categories or tags</li>
<li>Minimum & maximum order quantity and amount</li>
<li>Country, state, city and zip codes</li>
<li>Shipping method</li>
</ul>
</li>
<li>Generate and attach PDF invoice with orders emails (New)</li>
<li>Separate email notification for customer and admin when order is placed using invoice payment option  (New)</li>
</ul>
<h2>Customize payment method label:</h2>
Once the extension is installed, you can configure the newly created invoice payment method from WooCommerce > Settings > Payments. You can customize the label and other details of the payment method. You can also configure the default order status for orders placed using this payment option.
<img class="alignnone size-full wp-image-8520897" src="https://woocommerce.com/wp-content/uploads/2021/09/invoice-payment-option.png" alt="" width="980" height="553" />
The invoice payment method appears along with other payment methods on the front-end.
<img class="alignnone size-full wp-image-8520912" src="https://woocommerce.com/wp-content/uploads/2021/09/Invoice-payment-option-frontend.png" alt="" width="980" height="538" />
<h2>Trigger Invoice Payment based on various condition:</h2>
You can create multiple rules to trigger the invoice payment option based on variations conditions like product in cart, order amount, user roles, country and more.
<img class="alignnone size-full wp-image-8520902" src="https://woocommerce.com/wp-content/uploads/2021/09/Create-restrictions-rules.jpg" alt="" width="980" height="439" />
While creating a new rule, you can configure the following options:
<ul>
<li>Add rule title</li>
<li>Select shipping method (enable invoice payment option for selected shipping method)</li>
<li>Enable invoice payment for virtual products</li>
<li>Enable for selected customers and user roles</li>
<li>Enable for specific cart quantity and amount range</li>
<li>Enable for specific product, product category and tags</li>
<li>Show to selected countries, states, cities or zip codes</li>
</ul>
<img class="alignnone size-full wp-image-8520901" src="https://woocommerce.com/wp-content/uploads/2021/09/Creating-new-rule-for-invoice-payment-method.jpg" alt="" width="980" height="2263" />
<h2>Invoice PDF</h2>
You can attach a customizable PDF invoice with the orders placed using this “Invoice Payment Method”. The extension offers 3 different PDF templates to choose from. You can customize the PDF content and color scheme to match your business needs.
Using the extension settings, you can trigger separate email notifications for both customer and merchants when an order is placed using the invoice payment option.
<img class="alignnone size-full wp-image-18734003700000" src="https://woocommerce.com/wp-content/uploads/2021/09/PDF-Invoice-1.png" alt="" width="980" height="912" />
<h3>Requirements</h3>
Minimum PHP version: 7.2

Invoice Payment Option

Order Now and Pay Later! Allow your customers to select invoice payment option during checkout to place orders. Add conditions to show invoice payment options for specific products, categories, countries, cart total, user roles and more.

<h1>Add A Wallet Function To Your Store</h1>
Wallet for WooCommerce adds a wallet function to your store.
<h2>Features</h2>
Wallet Top-up
<ul>
<li>Users can top-up the funds to their wallet & make use of it on future purchases.</li>
<li>In addition, you can award Bonus Funds when your users top-up the funds & meet the configured criteria[i.e. Min – Max Top-up Amount].</li>
</ul>
Wallet Redeeming Usage 

Your users can make use of their funds available in the wallet using following 2 ways,
i Wallet partial usage
<ul>
<li class="western">Wallet redeeming field can be displayed in cart & checkout using which users can get a discount by applying the available funds.</li>
<li class="western">Funds will be applied only to the cart subtotal. Hence, users should pay the balance amount using available payment methods in checkout.</li>
<li class="western">Also, it supports for Manual Orders.</li>
</ul>
ii Wallet payment gateway
<ul>
<li>A separate payment gateway for using the wallet funds for placing the order.</li>
<li>Can be used for manual orders</li>
</ul>
Fund transfer and request
Your users can transfer/request funds to other users on your site. You have the option of charging your users a fund transfer fee.
Wallet Withdrawal 

<ul>
<li>You can allow your users to withdraw their funds from the wallet by submitting a request.</li>
<li>Supported Payment Methods are,
<ul>
<li>Bank Transfer</li>
<li>PayPal</li>
</ul>
</li>
<li>You have an option to charge a withdrawal fee from your users.</li>
</ul>
Wallet auto top-up
Your users can set up to automatically add funds to their wallets if their wallet balances fall below a specified threshold.
Product Purchase
<ul>
<li>Your users can receive the funds in their wallet for purchasing on your site. You can set the funds type based on Product Total/Order Total/Order Total Range.</li>
<li>Also, as a site admin you can award the product purchase funds for manual orders.</li>
</ul>
Gift vouchers
The Gift Voucher module allows you to generate gift vouchers that contain wallet balances. You can issue gift vouchers to your users and they can redeem the gift vouchers to add to their wallet balances.
Wallet balance with expiration dates
You can set up an expiration date for your user’s wallet balance.
Wallet actions
You can award wallet balances to your users for the following actions,
<ul>
<li>Account Signup</li>
<li>Daily Login</li>
<li>Product Review</li>
</ul>
Email Notifications
You can send email notifications to your users for their wallet activity.
Refunds
As a site admin, you can send the refund amount of the order[i.e. orders placed through any payment method] to your user’s wallet.
Reset
Site admin can reset the Wallet Balance & Transaction Log of their users.
Compatibility
<ul>
<li>Compatibility given with the “Woo Subscriptions” plugin</li>
<li>Compatibility given with “Cart and Checkout Blocks”</li>
<li>Compatible given with the “YayCurrency & WooCommerce Multi-Currency Switcher” plugin</li>
</ul>
<h2>Benefits</h2>
Offer convenience to your users
Your customers can plan their purchases and add sufficient funds to their accounts to complete them later.
Faster checkout
When your users place their orders through their wallet, they can quickly complete their purchase which reduces cart abandonment.
Insights on future sales
You can get insights on future sales on your site based on the wallet balance of your users.
<h2>How does it Work? 
</h2>
Wallet funds top-up
<ul>
<li>To add funds to the user’s account, the user will have to access the Top-up form from the wallet dashboard.</li>
<li>Within the section, your users can enter the amount they wish to add to their account and proceed to Top-up.</li>
</ul>
<figure id="attachment_18734003468109" aria-describedby="caption-attachment-18734003468109" style="width: 980px" class="wp-caption alignnone"><img class="wp-image-18734003468109 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-topup.png" alt="" width="980" height="552" /><figcaption id="caption-attachment-18734003468109" class="wp-caption-text">Adding funds to the wallet</figcaption></figure>
<ul>
<li>Once the top-up button is clicked, a product will be added to the cart. Once the user completes the purchase and the payment is received, the funds will be added to the user’s account.</li>
</ul>
<figure id="attachment_18734003468115" aria-describedby="caption-attachment-18734003468115" style="width: 980px" class="wp-caption alignnone"><img class="wp-image-18734003468115 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-account-balance.png" alt="" width="980" height="552" /><figcaption id="caption-attachment-18734003468115" class="wp-caption-text">Wallet balance reflecting in user’s account</figcaption></figure>
Wallet funds – partial usage
<ul>
<li>A user adds a few products to their cart and they wish to use some of their wallet balance in the current order.</li>
<li>An option to partially redeem the wallet balance will be available in the cart and on the checkout page. The site admin can restrict Partial Funds Usage based on Order Total.</li>
</ul>
<figure id="attachment_18734003468120" aria-describedby="caption-attachment-18734003468120" style="width: 980px" class="wp-caption alignnone"><img class="wp-image-18734003468120 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-partial-usage.png" alt="" width="980" height="552" /><figcaption id="caption-attachment-18734003468120" class="wp-caption-text">Wallet redeem field on cart page</figcaption></figure>
<ul>
<li>Users can enter the amount they wish to redeem and redeem it. Once the wallet balance is partially redeemed, the user can use other payment methods on the site and place the order.</li>
<li>Once the order is placed, the used Wallet balance will be debited from the user’s account.</li>
</ul>
Wallet funds – usage via payment gateway
<ul>
<li>A user adds few products to their cart and proceeds to the checkout page to make a payment.</li>
<li>On the checkout page, if the user has a sufficient wallet balance, to place the order, the wallet payment gateway will be visible to the user.</li>
</ul>
<figure id="attachment_18734003468124" aria-describedby="caption-attachment-18734003468124" style="width: 1080px" class="wp-caption alignnone"><img class="wp-image-18734003468124 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-payment-gateway.png" alt="" width="1080" height="608" /><figcaption id="caption-attachment-18734003468124" class="wp-caption-text">Wallet payment gateway</figcaption></figure>
<ul>
<li>If the user chooses to pay with their wallet balance, they will have to select the wallet payment gateway to place their order.</li>
<li>Once the order is placed, the used wallet balance will be debited from the user’s account.</li>
</ul>
Wallet fund transfer and request
Fund Transfer module provides the following features,
<ol>
<li>Users can transfer their wallet balance to other users on the site (Direct Fund Transfer).</li>
<li>Users can request wallet funds from other users on the site (Fund Request).</li>
</ol>
Direct fund transfer
<ul>
<li>To transfer funds to another user, the user will have to access the Fund Transfer menu from the wallet dashboard. It can be found in Fund Transfer Details > Fund Transfer.</li>
<li>Once the request form is accessed, the user must search and identify the user to whom the fund request has to be sent.</li>
<li>The user will have to fill in the amount for transfer and submit the form.</li>
</ul>
<figure id="attachment_18734003468126" aria-describedby="caption-attachment-18734003468126" style="width: 1080px" class="wp-caption alignnone"><img class="wp-image-18734003468126 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-fund-transfer.png" alt="" width="1080" height="608" /><figcaption id="caption-attachment-18734003468126" class="wp-caption-text">Wallet fund transfer form</figcaption></figure>
<ul>
<li>You can optionally enable OTP based authentication for additional security.</li>
<li>The OTP will be sent via email. When OTP authentication is enabled, the user will have to fill in the OTP to complete the fund transfer.</li>
</ul>
Fund request
<ul>
<li>Any user who wishes to request wallet funds should access the Fund Transfer menu from the wallet dashboard. It can be found in Fund Transfer Details > Fund Transfer.</li>
<li>Once the request form is accessed, the user must search and identify the user to whom the funds will be requested.</li>
<li>The user will have to fill in the amount needed and submit the form.</li>
</ul>
 
<figure id="attachment_18734003468136" aria-describedby="caption-attachment-18734003468136" style="width: 1080px" class="wp-caption alignnone"><img class="wp-image-18734003468136 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-fund-request.png" alt="" width="1080" height="608" /><figcaption id="caption-attachment-18734003468136" class="wp-caption-text">Wallet fund request form</figcaption></figure>
<ul>
<li>Once the request is submitted, the other user will be notified about a new request.</li>
<li>The user can respond to the request directly from their dashboard.</li>
</ul>
<figure id="attachment_18734003468139" aria-describedby="caption-attachment-18734003468139" style="width: 980px" class="wp-caption alignnone"><img class="wp-image-18734003468139 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/wallet-fund-request-processing.png" alt="" width="980" height="552" /><figcaption id="caption-attachment-18734003468139" class="wp-caption-text">Fund request response</figcaption></figure>
<ul>
<li>If the request is approved, the requested amount will be credited to the user’s wallet.</li>
</ul>
Wallet Withdrawal
<ul>
<li>At first users should select the payment method to receive the withdraw funds from their Wallet Dashboard[Wallet Withdrawal -> Payments].</li>
</ul>
<figure id="attachment_18734003466924" aria-describedby="caption-attachment-18734003466924" style="width: 1038px" class="wp-caption alignnone"><img class="wp-image-18734003466924 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Withdrawal-Payments.png" alt="" width="1038" height="584" /><figcaption id="caption-attachment-18734003466924" class="wp-caption-text">Wallet withdrawal payment selection</figcaption></figure>
<ul>
<li>After that, they can submit the withdrawal request[Wallet Withdrawal -> Withdrawal Request] which is a 2 step form. First they should enter the funds to withdraw & then need to confirm the details.</li>
</ul>
<figure id="attachment_18734003466926" aria-describedby="caption-attachment-18734003466926" style="width: 1034px" class="wp-caption alignnone"><img class="wp-image-18734003466926 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Withdrawal-Request-Submit.png" alt="" width="1034" height="706" /><figcaption id="caption-attachment-18734003466926" class="wp-caption-text">Wallet balance withdrawal form</figcaption></figure>
<figure id="attachment_18734003466928" aria-describedby="caption-attachment-18734003466928" style="width: 1065px" class="wp-caption alignnone"><img class="wp-image-18734003466928 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Withdrawal-Confirm.png" alt="" width="1065" height="792" /><figcaption id="caption-attachment-18734003466928" class="wp-caption-text">Wallet balance withdrawal confirmation</figcaption></figure>
<ul>
<li>Once the request is submitted successfully, the requested funds will be deducted from the users wallet.</li>
</ul>
<figure id="attachment_18734003466934" aria-describedby="caption-attachment-18734003466934" style="width: 1062px" class="wp-caption alignnone"><img class="wp-image-18734003466934 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Withdrawal-Wallet-Activity.png" alt="" width="1062" height="855" /><figcaption id="caption-attachment-18734003466934" class="wp-caption-text">Wallet withdrawal request submitted</figcaption></figure>
<ul>
<li>If a user chooses the payment method as Bank Transfer, then the site admin has to manually pay the amount to users account by using the details given by them.</li>
<li>If a user chooses the payment method as PayPal[supports Payout Integration], then the requested amount will be transferred to user’s PayPal ID immediately after admin’s approval.</li>
<li>If the admin rejects the submitted request, then the deducted funds will be added back to the users wallet.</li>
</ul>
<figure id="attachment_18734003466940" aria-describedby="caption-attachment-18734003466940" style="width: 1897px" class="wp-caption alignnone"><img class="wp-image-18734003466940 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Withdrawal-Admin.png" alt="" width="1897" height="917" /><figcaption id="caption-attachment-18734003466940" class="wp-caption-text">Admin processing withdrawal requests</figcaption></figure>
Product Purchase 

<ul>
<li>Users can see the funds they will receive for purchasing the products in shop page, product page, cart page & checkout page.</li>
</ul>
<figure id="attachment_18734003468141" aria-describedby="caption-attachment-18734003468141" style="width: 1046px" class="wp-caption alignnone"><img class="wp-image-18734003468141 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Product-Purchase-Product-Page-1.png" alt="" width="1046" height="666" /><figcaption id="caption-attachment-18734003468141" class="wp-caption-text">Product purchase wallet reward notice</figcaption></figure>
<ul>
<li>Once they placed the order, the funds will be added to the wallet when the order status reaches either processing/completed.</li>
</ul>
<figure id="attachment_18734003466944" aria-describedby="caption-attachment-18734003466944" style="width: 1070px" class="wp-caption alignnone"><img class="wp-image-18734003466944 size-full" src="https://woocommerce.com/wp-content/uploads/2021/07/Product-Purchase-Wallet-Activity.png" alt="" width="1070" height="791" /><figcaption id="caption-attachment-18734003466944" class="wp-caption-text">Product purchase reward credited to wallet</figcaption></figure>
Wallet Auto Top-up
Wallet Auto Top-up Module allows your users to automatically top-up their wallet when their wallet balance falls below a specified threshold value.
<ul>
<li>To set up Auto Top-up, the user will have to access the Auto Top-up menu from the wallet dashboard.</li>
<li>Within the section, based on the configuration, the user will have to select the amount for Auto Top-up and the threshold amount.</li>
<li>After entering the amount, the user will have two options,
<ul>
<li>They can pay the Top-up amount and authorize future Auto Top-up</li>
<li>Authorize future Auto Top-up without making any payment</li>
</ul>
</li>
</ul>
<ul>
<li>Once the authorization is complete, funds will be added to the user’s account whenever the wallet balance falls below a specified threshold.</li>
</ul>
Unique features offered in this plugin
<ul>
<li>Subscription Auto Renewal using wallet balance (Requires WooCommerce Subscriptions)</li>
<li>Wallet Auto Top-up using WooCommerce Stripe payment gateway</li>
<li>Gift Vouchers module for generating Gift Vouchers in bulk</li>
<li>Wallet balance with unlimited validity(optional)</li>
<li>Wallet Actions module for issuing wallet balances to users for account signup</li>
<li>Tax will not be charged for Wallet Top-up</li>
<li>Wallet balance expiration email reminder</li>
<li>Wallet balance credit for daily login</li>
<li>Wallet balance credit for product review</li>
<li>Widget support</li>
<li>Frontend dashboard presentation improvements</li>
<li>Transaction log presentation improvements</li>
<li>Displaying Cron Information[Cron Name and Last Updated] info to the user.</li>
<li>Wallet balance displayed in the user’s table</li>
</ul>
Wallet for WooCommerce helps your users to quickly complete a purchase by adding funds to the site and using them for future purchases.
Requirements
Minimum PHP version: 5.6

Wallet

Wallet for WooCommerce helps your users to quickly complete a purchase by adding funds to the site and using them for future purchases.

Invoice Payment Option vs Wallet