How to use Pay Later feature for Pre-Orders? [PREMIUM]

Pay Later is a new feature available from version 1.8 or later. This feature allows customers to place pre-orders without paying the order amount.

Navigate to Plugin Settings: Go to Bright Plugins > Pre-order settings > Pay Later Method.

Enable Pay Later: Check the “Pre-Order Pay Later” option.

That’s it! Now Pay later feature is fully functional on the pre-order checkout page.

How the Pay Later Feature Works

With the Pay Later feature enabled, customers can place pre-orders and pay the order amount at a later time. Until the pre-order date arrives, customers can log into their account and pay for the order directly. Additionally, when the pre-order date arrives, customers will receive an email with a direct link to pay for the order.

Step-by-Step Workflow

1. Customer Places Pre-Order: The customer places a pre-order without paying immediately.
2. Order Confirmation: An order confirmation is sent to the customer.
3. Pre-Order Waiting Period: The customer can log into their account at any time before the pre-order date to pay the order amount.
4. Email Notification: On the pre-order date, the customer receives an email with a direct payment link.
5. Payment Completion: The customer completes the payment through the provided link.

Benefits of Using Pay Later

1. Improved Customer Experience: Customers appreciate the flexibility to pay later, which can increase the likelihood of pre-orders.
2. Higher Conversion Rates: By removing the immediate payment barrier, more customers may commit to pre-ordering products.
3. Better Cash Flow Management: Allows store administrators to manage cash flow more effectively by scheduling payments closer to the product’s release date.

Limitations and Possibilities:

The Pay Later feature is natively compatible with Mode 1: Treat the whole order as a preorder. However, there are possibilities to use other modes under certain conditions:

• Mode 2: It can be compatible if all products in the order are preorders. If there are in-stock products, they must be paid for immediately to manage inventory properly.
• Mode 3: It is compatible if in-stock products are handled as a separate order with immediate payment, while the Pay Later feature is applied only to preorder orders.
• Mode 4: It is compatible as long as only preorder products are selected. If in-stock products are chosen, immediate payment is required.

Related Reading

For more information on the benefits of offering a “Pay Later” option, you can read this article from Shopify, which discusses why “Buy Now, Pay Later” services are valuable for e-commerce.

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