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Boost your sales by accepting deposits!
If you sell an expensive product or service, shoppers may be intimidated by the price tag.
You can give your customers the option to pay a partial deposit upfront to incentivize more sales. The plugins listed here make it simple.
Using these plugins, you’ll be able to:
- Accept deposits instead of full payments
- Send email reminders when the final amount is due
- Create complex payment plans with installments
- Collect deposits for bookings
- Get advance payments for pre-orders
All of this is possible and more with the WooCommerce deposit plugins listed below.
Keep reading to find the top options.
Down payment WooCommerce plugins
You’ll find robust payment plan plugins and much simpler deposit plugins for accepting multiple payments listed here.
The plugins featured in this collection have a wide range of functionality, so make sure to consider each one carefully before making your choice.
Here are my top picks for the best WooCommerce down payment plugins.
1. WooCommerce Deposits and Part Payments
Plugin Description
WooCommerce Deposits and Part Payments is the perfect solution for adding a deposit system to your store that allows customers to pay in multiple installments. Plus, it’s less than half the price of the top competing plugins.
With this plugin, you can add a new option for shoppers to choose a deposit, which appears right above the “Add to Cart” button on the product pages.
You get full control over the amount required for the deposit too. You can use a fixed amount or a percentage and set the value for all products at once or for individual products. In addition to displaying this option on the product pages, you can also enable deposits on the cart page, so shoppers can choose to pay a deposit for their entire order.
If you want to incentivize shoppers to pay upfront, you can offer a discount to anyone who pays the full amount. You can choose between a fixed and percentage-based discount for anyone paying the full price at checkout. There’s also an option to automatically schedule the payment for the remainder of the debt.
Overall, this plugin is really straightforward and easy to set up. If you want a no-fuss solution to accept partial payments and deposits, go with WooCommerce Deposits and Part Payments.
2. YITH WooCommerce Deposits & Down Payments
Plugin Description
The WooCommerce Deposits & Down Payments plugin by YITH is excellent for selling goods or services that customers may not be able to afford upfront. For example, you can let customers pay 50% when they book a room and the rest upon arrival, sort of like Airbnb. It’s perfect for rentals and services where there’s no risk if the customer doesn’t pay in full.
Using this plugin, you can set expiration dates on deposits in case the full amount isn’t paid. You can choose to void the purchase or refund them the initial deposit. There are also customizable email alerts available for both the customer and your store admin. This way, everyone can know when a deposit is paid and if it’s expiring soon. You also have the option to force customers to pay the full amount before shipping or unlocking access to the product.
Another thing YITH did well with this plugin is the override functionality. You can set global values for the deposit requirements and then override them for individual products, categories, and even product variations.
This is a robust solution for offering down payments and deposits, and a must-have plugin for any store making extensive use of product variations.
3. WooCommerce Deposits
Plugin Description
WooCommerce Deposits adds attractive buttons to your product pages that customers can use to select a full payment or deposit before they add an item to their cart. If they choose a deposit, they’ll see a small fly-out menu where they can choose their preferred payment plan.
What’s unique about this plugin is its ability to create payment plans. The other plugins here are mainly designed to handle a single deposit and then final payment. Using WooCommerce Deposits, you can create entirely custom payment plans. You can require any percentage or fixed price to be paid at custom intervals. That means weekly, bi-weekly, and monthly plans are all possible.
While this plugin is great for creating payment plans, it’s important to keep in mind that it does not create a subscription. Rather, it sends them an invoice and requires them to checkout. If you want to sign users up for a subscription, you should check out one of these recurring payment plugins instead.
4. WooCommerce Deposits - Partial Payments Plugin
Plugin Description
This WooCommerce deposits plugin adds simple options to your site for handling partial payments. You can set a rate for the first payment globally and then override it for individual products. You also have the option to force users to pay a deposit instead of making it an option.
Like other plugins listed here, you’ll see the deposit and full payment buttons added to the product pages near the “Add to Cart” button. If you’d prefer to handle deposits for complete orders instead, there’s a simple option to enable deposits for carts instead of products.
If you’re worried about customers following up, you’ll appreciate the email notices that come included. You can trigger an automatic email reminder a custom number of days before the final payment is due to get buyers to pay sooner. This plugin also works great with WooCommerce booking plugins used for selling tickets to tours and events.
5. WooCommerce Deposit Down Payments
Plugin Description
WooCommerce Deposit Down Payments is the simplest and most affordable WooCommerce down payment plugin. It lets you enable fixed amount or percentage-based deposit rates for all your products and includes individual product overrides. You can allow shoppers to choose between a deposit or full payment, or require a deposit only.
Another option in this plugin lets you give shoppers a small discount if they pay in full, but this option is only set globally and can’t be overridden for an individual product.
If you only need the basic payment plan functionality, then you can save a few bucks by choosing this simple deposit plugin for WooCommerce.
Which WooCommerce deposit plugin is best for you?
There’s a lot to consider, so here are a few final recommendations to make your choice easier.
WooCommerce Deposits and Part Payments has the essential functionality you need to accept deposits and full payments on your site. If you need a straightforward and affordable solution, it doesn’t get better than this.
YITH WooCommerce Deposits & Down Payments has all the same functionality and then some. While it does cost more, it’s a must-have plugin if you need custom deposit pricing for product variations or expirations for deposits.
WooCommerce Deposits is the only plugin that can create custom payment plans with multiple installments, so if you need to accept multiple payments instead of a single deposit, go with this plugin.
Thanks for checking out this list of the best WooCommerce plugins for deposits and down payments!
