The plugin "Installments powered by PayPal" provides you the opportunity to offer the settlement of larger orders in installments to your customers.
The product "Installments powered by PayPal" has to be activated for every retailer individually. Visit PayPal for further information and to request this activation. Please note that installments can only be provided to customers in Germany.
You can find and install the plugin via the plugin manager. After that installation, you can configure it directly.
To be completely compatible to subshops or language shops, you can set up the plugin configuration for each shop individually. Furthermore, the setting of the field "Show logo on sidebar" can be inherited from the main shop. Via the corresponding tabs you're able to navigate to the setting of the several shops and to make the desired changes in the settings.
Your customers are able to use installments as a payment method. As soon as a customer chooses to take installments as his payment method, the following area will be added in the checkout. With a click on "Apply for credit", the financing will be handled step by step and the order can be finished that way.
In the backend you have the possibility to see the orders of your customers in Customers > Payments > Installment payment Powered by PayPal.
There you will find information about the order data (1), the payment data (2), seller protection address (3) as well as a general overview of the transaction (4).
Order data (1)
Payment data (2)
Seller Protection Address (3)
This module lists only approved installment applications. Rejected applications are not listed here.
PayPal Installments is not eligible for your customers in their account, PayPal Installments is only offered in the checkout and only, if the requirements are fullfilled. Also PayPal Installments will never become the user's default payment method like other payment methods.
Your customer can only use installments, if the following requirements are fullfilled:
In the case, that e.g. the price of an article doesn't fullfill the requirements (yet), a hint will be displayed.
As mentioned in the paragraph Configuration, the payment method can be advertised via upstream-presentment in your shop. Next to the opportunity to go without the upstream presentment via choosing "None", you're able to choose between "Simple" and "Cheapest rate".
If you decide to use the option "Simple", a small hint will be displayed on your detail and/or checkout pages, depending on your desired setting. This hint will call attention to the installments.
The hint on your detail page:
The hint on your checkout page:
By choosing the option "Cheapest rate", a representative example on an installments financing will be displayed directly. Using this, the cheapest rate will be used so that the customer can get an idea of a possible financing.
The example on your detail page:
The example on your checkout page:
Exceptionally if a 0% financing is offered, the plugin reverts to the simple display format. According to this, the upstream presentment will be displayed in the frontend in the following way:
While using both options, the customer can get access to further information and additional examples via clicking "Information about optional rates".
The declaration about the lender will be referred from the fields "Company" and "Address" of your basic settings, which can be changed in Configuration > Basic settings > Shop settings > Basic information. Please pay attention to this data, so that the lender will be displayed correctly.