<h2>Offer Customers a Savings Plan to Buy Your Products</h2>
<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 class="wccom-tick-list-secondary">
<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 class="wccom-tick-list-secondary">
<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 class="wccom-tick-list-secondary">
<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 class="wccom-tick-list-secondary">
<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 class="wccom-tick-list-secondary">
<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 class="wccom-tick-list-secondary">
<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 class="wccom-tick-list-secondary">
<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></h2>
<h2>Extensive Features List</h2>
<h3>Sales Growth & Customer Affordability</h3>
<ul class="wccom-tick-list-secondary">
<li>Savings plans can be assigned through rules instead of manual product linking</li>
<li>Rules can target specific products or categories</li>
<li>Minimum and maximum deposits can be percentage-based or fixed monetary values</li>
<li>Installments can occur at configurable frequencies</li>
<li>Fixed installment amounts are automatically calculated from duration and frequency</li>
</ul>
<h3>Savings Plan Automation</h3>
<ul class="wccom-tick-list-secondary">
<li>Creates payable orders before due dates</li>
<li>Admin can choose how many days before due date orders are generated</li>
<li>Multiple reminder intervals supported (e.g., 3, 2, and 1 days)</li>
</ul>
<h3>Eligibility & Access Control</h3>
<ul class="wccom-tick-list-secondary">
<li>Allow Savings Plans only for selected users or user roles</li>
</ul>
<h3>Payment Method Control</h3>
<ul class="wccom-tick-list-secondary">
<li>Exclude specific payment gateways for Savings Plan orders</li>
<li>When automatic payments are enforced, only supported payment methods are shown</li>
</ul>
<h3>Customer Transparency & Financial Tracking</h3>
<ul class="wccom-tick-list-secondary">
<li>Real-time balance payable calculations</li>
<li>Tracks cumulative paid amount</li>
<li>Pricing display follows WooCommerce tax settings</li>
</ul>
<h3>Administrative Flexibility</h3>
<ul class="wccom-tick-list-secondary">
<li>Admin can choose whether savings calculations use Regular Price or Sale Price</li>
</ul>
<p> </p>
<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>

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>

Savings Plan vs Wallet