How to add Payment Plans to your Invoices?

Modified on: Thu, 22 Aug, 2024 at 5:57 AM

Overview

Users can split their invoices into a payment plan installments
A split can be made both on Percentage basis as well as amount basis
Each split carries with it a Due Date and Payment Status of that split. Notifications will go on split's due date reminding user to Pay their installment (if not paid already)
Payments can be done only in predefined split and user can choose to pay one or more installment at a go. An Invoice will get paid once all installment are paid.
Automate payments for invoices with scheduled payment plans: While clicking on send for invoice, enable auto-payments and start charging automatically for subsequent payments on scheduled payment dates

How to use?

Set up the payment terms with a percentage or fixed amount and send it
User will view the invoice with ability to view the plan on the invoice
User will then pay the invoice and have an option to either select that payment schedule value or add other schedules as well by clicking on a checkbox
How to enable Auto-Payments on single invoice with a payment plan?
- Set up auto-payments: Click on send -> In the modal, enable auto-payments by clicking on the blue toggle while sending your invoice which has a payment schedule.
  - Use customer card (Card used for paying the first time), saved cards of the customer or a new card while sending the invoice out.
View details of the auto paid invoices in the transactions