Use Case: This scenario is ideal for high-ticket items (e.g., electronics, furniture, jewelry, or machinery) where customers may hesitate to pay the full amount upfront. By requiring only a deposit, you make these products more accessible while still securing commitment.
Why Use Deposits for High-Value Products #
- Reduce customer hesitation for expensive items.
- Secure partial payment upfront to guarantee serious buyers.
- Improve cash flow and reduce the risk of abandoned carts.
How It Works #
1. Enable Deposits Only Mode #
In the plugin settings, activate the option to force deposits. This ensures that the customer cannot select full payment.
2. Set Deposit Type #
Choose whether the deposit will be a percentage (%) of the total price or a fixed amount ($).
- Example: Require 20% upfront for a $2,000 item = $400 deposit.
3. Customer Checkout #
When the customer adds the product to their cart, the system will automatically apply the deposit option. The balance will be scheduled for later payment.
4. Order Confirmation #
Both the store admin and the customer receive confirmation emails clearly showing:
- Deposit paid
- Balance remaining
- Due date for final payment
Example #
- Product Price: $2,000
- Deposit Type: 20% (percentage)
- Initial Payment: $400 at checkout
- Remaining Balance: $1,600 due later
This method allows the customer to secure a high-value item without paying the full amount immediately.
Notes #
- In the Free version, you can set deposits per product or globally.
- In the Pro version, you get access to:
- Advanced exclusions (e.g., prevent discounts on deposit items).
- Configurable reminders and deadlines.
- Customized email templates for high-value orders.