<ul class="wccom-tick-list-primary">
<li><strong>Offer payment options</strong></li>
<li><strong>Define and customize payment plans</strong></li>
<li><strong>Increase customer satisfaction</strong></li>
<li><strong>Reduce cart abandonment</strong></li>
</ul>
<hr class="wccom-product-heading__hr" />
<p><strong>Payment Plan Suite</strong> allows you to sell more products by offering different payment plans.</p>
<h2>Benefits</h2>
<p><strong>Reduces cart abandonment</strong><br />
Customers often abandon their purchases because of budget constraints. Offer them easy ways to purchase expensive products and reduce the chances of cart abandonment.</p>
<p><strong>Attract new users</strong><br />
Existing users who benefit from purchasing products through payment plans are sure to refer new users to your site.</p>
<h2>Extensive Features List</h2>
<h3><strong>1. Product-level Deposit Plans</strong></h3>
<p>If you sell made-to-order products in your Woo store, you can charge a deposit when customers place their orders, and they can pay the balance later.</p>
<figure id="attachment_18734003046270" aria-describedby="caption-attachment-18734003046270" style="width: 1123px" class="wp-caption alignnone"><img class="wp-image-18734003046270 size-full" src="https://woocommerce.com/wp-content/uploads/2023/10/Deposite-Plan-Suite-product.png" alt="" width="1123" height="666" /><figcaption id="caption-attachment-18734003046270" class="wp-caption-text"><strong>Deposit Details Displayed on Product Page</strong></figcaption></figure>
<h3><strong>2. Product-level Payment Plans</strong></h3>
<p>Users can pay for expensive products in multiple small installments of the product’s total price.</p>
<figure id="attachment_18734003046271" aria-describedby="caption-attachment-18734003046271" style="width: 1132px" class="wp-caption alignnone"><img class="wp-image-18734003046271 size-full" src="https://woocommerce.com/wp-content/uploads/2023/10/Product-Level-Payment-Plan-Suite.png" alt="" width="1132" height="800" /><figcaption id="caption-attachment-18734003046271" class="wp-caption-text"><strong>Payment Plan Details Displayed on Product Page</strong></figcaption></figure>
<h3><strong>3. Cart-level Payment Plans</strong></h3>
<p>Users can pay for their orders by converting cart subtotals into smaller installments.</p>
<figure id="attachment_18734003046269" aria-describedby="caption-attachment-18734003046269" style="width: 1156px" class="wp-caption alignnone"><img class="wp-image-18734003046269 size-full" src="https://woocommerce.com/wp-content/uploads/2023/10/Cart-Payment-Plan-Suite.png" alt="" width="1156" height="1296" /><figcaption id="caption-attachment-18734003046269" class="wp-caption-text"><strong>Payment Plan Selection on Cart Page</strong></figcaption></figure>
<h3><strong>4. Automatic Payment Support with Stripe</strong></h3>
<p>You can charge your users automatically for their installment payments using the Stripe payment gateway.</p>
<h3><strong>5. Specific Due Dates for Payment Plans</strong></h3>
<p>You can create payment plans with payment dates you define.</p>
<h3><strong>6. Collect All Installment Payments on the Same Day</strong></h3>
<p><strong>Payment Plan Suite</strong> includes an option for site admins to assign the same pay date for all installment payments. For example, all your customers can pay their installments on the first of each month.</p>
<h3><strong>7. Mixed Payment Options at Checkout</strong></h3>
<p>Site admins can allow users to purchase products with alternate payment and immediate payment plans in a single transaction.</p>
<h3><strong>8. Customizable Initial Payment Charging Time</strong></h3>
<p>Site admins can decide when users must make initial payments.</p>
<h3><strong>9. Reminder Emails</strong></h3>
<p>Site admins can send payment-reminder emails to users.</p>
<h3><strong>10. Customizable Due Dates and Due Amounts</strong></h3>
<p>Site admins can modify the due dates and amounts of upcoming payments.</p>
<h3><strong>11. Coupon Support</strong></h3>
<p><strong>Payment Plan Suite</strong> includes an option for shoppers to use coupons with their payment plan purchases.</p>
<h3><strong>12. Additional Customization Options</strong></h3>
<ul class="wccom-tick-list-secondary">
<li>Select Box and Radio button field types.</li>
<li>Multiple positions to display payment plan options on your store’s frontend.</li>
<li><strong>Payment Plan Suite</strong> can calculate payment plans (based on percentages) from regular prices or sale prices.</li>
<li>For downloadable products, site admins can give file access during the initial order or upon final payment.</li>
<li>Site admins can reduce stock during the initial order or upon final payment.</li>
</ul>
<h2>Extensive Features List</h2>
<h3>Sales & Conversion</h3>
<ul class="wccom-tick-list-secondary">
<li>Forced payment plan rules</li>
<li>Payment-plan-only checkout enforcement</li>
<li>Cart-level payment plan rules</li>
<li>Minimum and maximum order amount restrictions for cart-level payment plans</li>
</ul>
<h3>Customer & Payment Plan Restrictions</h3>
<ul class="wccom-tick-list-secondary">
<li>User and user role restrictions</li>
<li>Product-level payment plan restrictions</li>
<li>Category-level payment plan restrictions</li>
</ul>
<h3>Payment Collection Automation</h3>
<ul class="wccom-tick-list-secondary">
<li>Automatic and manual payment reminder emails</li>
<li>Overdue payment emails</li>
<li>Payment schedule emails</li>
<li>Configurable reminder timing</li>
<li>Separate reminder configuration for manual and automatic payments</li>
<li>Admin email notification controls</li>
<li>Manual resend of payment schedule emails</li>
</ul>
<h3>Payment Plan Management</h3>
<ul class="wccom-tick-list-secondary">
<li>Centralized payment plan management</li>
<li>View and manage scheduled installments</li>
<li>Manual due payment processing</li>
<li>Resend payment schedules from admin</li>
<li>Payment status management</li>
</ul>

Payment Plan Suite

<p>Offer customizable payment plans and reduce cart abandonment.</p>

Wallet

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

Payment Plan Suite vs Wallet