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Credit Line or Credits for WooCommerce allows you to offer a Line of Credit to your customers using which they can buy the products in your shop now and pay later.
Credit Line or Credits for WooCommerce allows you to offer a Line of Credit to your customers using which they can buy the products in your shop now and pay later.
US$49.00 Original price was: US$49.00.US$4.99Current price is: US$4.99. for 1 year
Credit Line or Credits for WooCommerce allows you to offer a Line of Credit to your customers using which they can buy the products in your shop now and pay later.
When your customers browse products on your site, there’s always a chance that they will postpone purchasing because of insufficient funds. With credits, they won’t have to abandon their carts. They can purchase on the spot. What’s more, you can choose to charge interest on transactions made with credits. This can increase your site’s revenue.
Offering credits is a show of good faith and can help boost future sales from repeat customers.
Satisfied customers are more likely to refer new customers to your site.
Your customers won’t have to postpone purchases due to insufficient funds. Plus, they won’t have to keep their payment credentials on hand at all times—they can use credits instead.
If you choose not to charge interest, your customers will only be responsible for repaying the regular price of a product.
You can offer customers up to 58 days from the date of purchase to repay the credits they used.
Credit Line or Credits can be offered to your customers in multiple ways they are,
In this method, customers will have to submit an application to receive a Credit Line or Credits and the admin will not need any money to issue a Credit Line or Credits.
1. Create predefined rules with multiple rule sets to give different credit line based on different criteria
2. Automatically increase credit line to eligible customers
3. Approve credit line automatically
4. Application form can be created with multiple form fields support
5. Approve credit line automatically as soon as the application form is submitted by the customer
6. Approve credit line manually once the application form is submitted by the customer
7. Application form can be shown only for specific customers
8. Give credit line to customers from admin funds or from virtual funds
9. Monthly billing and repayment
10. Up to 58 days of repayment period
11. Possible to charge interest for credit usage
12. A fixed amount of percentage of credits used can be charged as interest
13. A Late payment fee can be charged if payment is not made within the due date
14. User level option to disable late payment fee for certain customers
15. Option to disable specific payment methods for repayment of credits
16. Separate page for credits dashboard
17. Option to display credits dashboard in My Account page
18. Custom logo can be displayed in bill statement
19. Order status can be predefined for the orders placed using the Credits payment method
20. For orders placed using the Credits payment method, when to debit funds(on reaching which order status) can be predefined
21. Bill can be generated in PDF or HTML file format
22. Customers can be allowed to place orders using Credits only if the cart total is more than the set value
23. Option for the Admin to modify a customer’s billing date or repayment date
24. Option to allow customers to use their Credits for placing orders in overdue status
25. Option for the customer to make advance payment
26. Option for the customer to pay a custom amount or make the full payment
27. Compatibility with WooCommerce Subscriptions: Option for the customer to automatically renew their subscriptions using the Credit Line
Q: What’s the difference between “Admin Funds” and “Virtual Funds”?
In “Admin Funds”, the site admin has to load credits to their own account in order to give credit line to other customers. In case if there is no enough credits in your account, you won’t be able to give a credit line to the customers.
In “Virtual Funds”, site admin doesn’t need to load credits to their account. A Credit line can be given to customers.
Q: How to style the bill statement?
It is not possible to style the bill statement.
Q: Refunds are not credited to the customer account. Why?
Updating the status to “Refunded” won’t credit the refund amount to the customer account. Follow the below steps while processing the refund to credit the refund amount directly to the customer’s account.
Edit the order that you want to refund.
Click the “Refund” button.
Update the refundable product quantity.
Click the “Refund $x.xx via Credits” button.
Q: Why bill is not generated from the plugin?
Bill will be generated automatically using cron. Please cross check whether cron is running properly on your site. If the cron is not running, then that is the reason why the bill is not generating.
Q: Is it possible to get the application form submitted with the phone number field as mandatory instead of the email address field?
We are getting customer details using the Email address and hence it is not possible to disable the email address field and it is not possible to give the email address field as optional.
Q: How to generate bill every week instead of every month?
Weekly billing is not possible. Only monthly billing is possible.
Q: I need to set the repayment date exactly after specific days of purchasing date. Is that possible?
It is not possible. Only a specific date of the month can be set as a repayment date.
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