WooCommerce Deposits 1.3.3

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  • WooCommerce Deposits you can create customized payment plans for your products, your customers can also customize the payment of the product or make a deposit according to your needs, with varying percentages.


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    Version: 1.3.3 | License: GNU General Public License v3.0 | Developer: Automattic | Released: 2017/11/13

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    Let customers place a deposit or use a payment plan

    With WooCommerce Deposits, your customers can put down a deposit or use a payment plan for products you specify. Nice, hey?

    This robust and flexible tool allows you and customers the ability to create custom payment plans, with variable percentages and intervals. Customers are guided through the process of paying for items as they browse and checkout, with easy-to-follow visuals.

    Key Features

    • Custom payment schedules using days, weeks or months.
    • Payment acceptance as deposits, layaway plans or any payment structure you wish
    • Intuitive checkout flow for customers, explaining the payment plan in easy-to-understand visuals
    • Option for the customer to pay in full or with a deposit

    Sitewide Settings

    To apply the Deposit option on a global or sitewide basis:

    1. Go to: WooCommerce > Settings > Products > Deposits.
    2. EnableDeposits by Default.
      • No
      • Yes – deposits are optional
      • Yes – deposits are required
    3. Choose Default Deposit Type
      • None
      • Percentage – use a percentage of the total amount
      • Fixed amount – use a fixed amount for all products
      • Payment plan – use a predefined payment plan (see below)
    4. SetDefault Deposit Amount (%)
      • Enter percentage amount if “Percentage” was chosen
      • Enter fixed amount if “Fixed amount” was chosen
      • Leave blank if “Payment plan” was chosen
    5. ChooseDefault Payment Plan
      • Search for available payment plans – payment plan needs to be created first
      • Leave blank if “Percentage” or “Fixed amount” was chosen
    6. DisablePayment Gateways – Allows you to select gateways to disable when a deposit is in the cart
    7. Save

    Product Data Settings

    To apply the Deposit option to only selected products:

    1. Select or Editthe product to which you want to apply it. A Deposits tab is visible at the bottom, as pictured.
    2. Setthe following options:
      • Enable Deposits
        1. Inherit sitewide settings. The default.
        2. Yes – deposits are optional. The customer can choose.
        3. Yes – deposits are required. The customer must give a deposit.
        4. Deposits are disabled for this product, regardless of sitewide settings.
      • Deposit Type
        1. Inherit sitewide settings. The default.
        2. User is charged a percentage, based on product price.
        3. Fixed Amount. User is charged a fixed amount, regardless of cost.
        4. Payment Plan. Allows you split the cost into payments – more information below in Payment Plans.
    1. ClickUpdate when done making changes.

    Payment Plans

    Payment Plans give customers the option to pay an upfront fee and the remainder at a later date, dividing payments into multiple parts over time. This would be similar to a loan, layaway or credit plan.

    Each product can have a different payment plan and deposit if you’ve not applied Deposits “sitewide.”


    How are taxes handled for deposits?

    Tax is only calculated for the deposit on a product. Tax on the remainder is charged when the next payment is made.

    How are taxes handled for payment plans?

    Tax is charged on the initial fee/deposit of a payment plan. Future payments are also created in the system so they use the same tax point/rate (in case it changes during the plan’s term). For clarification on tax points: https://www.gov.uk/vat-instalments-deposits-credit-sales

    Can I automatically charge customers when a scheduled payment is due?

    No, manual and automatic recurring payments are not supported in the current version, so credit card data is not stored. However, we plan on adding this to WooCommerce core in the near future (no ETA at this time).

    Can I send an invoice or reminder a few days or a week prior to a payment due date?

    Out of the box, Deposits currently has no settings that can do this. The invoice/email notification is triggered by the due date.

    If you wish to send a reminder, you need a separate plugin such as Zapier or Follow Ups.

    Which payment gateways can I use with Deposits?

    Deposits is independent of payment gateways as it does not automatically collect any payments. You can set up any payment gateway you’d like and use Deposits with no issues.

    Which plugins/extensions is WooCommerce Deposits compatible with?

    WooCommerce Bookings.

    You should not need to use Deposits with Preorders or Subscriptions, so they are not compatible. Deposits is not compatible with Wishlists, Composite Products or Product Bundles.

    Does the extension work with virtual products?

    Yes! Virtual products will not become available until an order is marked as Completed.

    Because I am extending credit to my customers, can this extension/plugin run a credit check?

    No, because doing so would involve collecting sensitive financial information, such as social security/tax numbers. It’s up to you to weigh the pros and cons of accepting this as a risk of doing business.



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    Product Details

    Version: 1.3.3
    Released: 2017/11/13
    Developer: Automattic
    License: GNU General Public License v3.0
    Sales Page: https://woocommerce.com/products/woocommerce-deposits/
    Documentation: https://docs.woocommerce.com/document/woocommerce-deposits/