Use the 'demo' for both Username and Password, FYI You cannot save values in the backend Demo

Use Case Scenarios

Use Case Scenarios
Use Case Scenarios 2018-01-12T12:12:21+00:00

SUMO Payment Plans

SUMO Payment Plans is a Comprehensive WooCommerce Payment Plan plugin using which you can configure multiple Payment Plans like Deposits with Balance Payment, Fixed Amount Installments, Variable Amount Installments, Down Payments with Installments, etc in your WooCommerce Shop.

1.Deposit Amount with Balance Payment

Book a Product by Paying Deposit Amount and Pay the Balance Amount within a Specified Time

Example:

Price of the Product: $100

Book the Product by Paying $10

Pay the Balance Amount($90) within 10 Days from the Date of Purchase

1.Book Product by Paying Deposit – Simple Product

2.Book Product by Paying Deposit – Variable Product

2.Monthly Installments

Purchase a Product and Pay in Monthly Installments

Example:

Price of the Product: $1000

Available Installment Plans: 3 Months, 6 Months, 12 Months

Installment Plan Details

Product Price Plan Initial Amount EMI Total Payable Amount
$1000 3 Months $100 $300 $1000
$1000 6 Months $100 $150 $1000
$1000 12 Months $100 $75 $1000

 

1. Pay in Monthly Installments – Simple Product 

2. Pay in Monthly Installments – Variable Product 

3.Monthly Installments with Interest Amount

Purchase a Product and Pay in Monthly Installments (Interest Rates Applicable)

Example:

Price of the Product: $1000

Available Installment Plans: 3 Months, 6 Months, 12 Months

Interest Rates:

3 Months Installment: 1% Per Month

6 Months Installment: 2% Per Month

12 Months Installment: 3% Per Month

Installment Plan Details

Product Price Plan Duration Initial Amount Interest Rate EMI Total Interest Amount Total Payable Amount
$1000 3 Months $100 1% Per Month $310 $30 $1030
$1000 6 Months $100 2% Per Month $170 $120 $1120
$1000 12 Months $100 3% Per Month $105 $360 $1360

 

1.Pay in Monthly Installments with Interest – Simple Product

2. Pay in Monthly Installments with Interest – Variable Product

4.Down Payment with Installments

Purchase a Product by Paying a Down Payment Amount and Pay the Balance Amount in Installments

Example:

Price of the Product: $1500

Down Payment Amount: 10% ($150)

Installment Duration: 10 Months

Installment Plan Details

Product Price Plan Duration Down Payment Amount EMI Total Payable Amount
$1500 10 Months $150 $135 $1500

 

1. Pay Down Payment and Balance in Installment –  Simple Product

2. Pay Down Payment and Balance in Installment – Variable Product

5.Zero Down Payment with Installments

Purchase a Product by Paying $0 Down Payment and Pay in Monthly Installments

Example:

Price of the Product: $1000

Down Payment Amount: $0

Installment Duration: 10 Months

Interest Rate: 1% Per Month

Installment Plan Details

Product Price Plan Duration Down Payment Amount Interest Rate EMI Total Interest Amount Total Payable Amount
$1000 10 Months $0 1% Per Month $110 $100 $1100

 

1. Pay $0 Down Payment and Balance in Installment – Simple Product

2. Pay $0 Down Payment and Balance in Installment – Variable Product

6.Flexible Payment Plans

Purchase a Product by Choosing from the Various Flexible Payment Plans

Example:

Price of the Product: $5000

1. Payment Plan #1

Down Payment Percentage: 10% ($500)

Installment Duration: 3 Months

Interest Rate: 1% Per Month

2. Payment Plan #2

Down Payment Percentage: 10% ($500)

Installment Duration: 6 Months

Interest Rate: 2% Per Month

3. Payment Plan #3

Down Payment Percentage: 10% ($500)

Installment Duration: 12 Months

Interest Rate: 3% Per Month

Payment Plan Details

Product Price Plan Name Down Payment Amount Plan Duration Interest Rate EMI Total Interest Amount Total Payable Amount
$5000 Payment Plan #1 $500 3 Months 1% Per Month $1550 $150 $5150
$5000 Payment Plan #2 $500 6 Months 2% Per Month $850 $600 $5600
$5000 Payment Plan #3 $500 12 Months 3% Per Month $525 $1800 $6800

 

1.  Pay in Flexible Payment – Simple Product

2. Pay In Flexible Payment- Variable Product

7.Variable Payment Schedule

Purchase a Product and Pay the Payment as per the Variable Payment Schedule

Example:

Product Price: $250

Payment Schedule

– 10%($25) at the time of Placing the Order

– 20%($50) After 3 Months

– 30%($75) After 6 Months

– 25% ($62.50) After 9 Months

– 15% ($37.50) After 12 Months

Total Payable Amount – $250

1. Pay in Variable Payment – Simple Product

2. Pay in Variable Payment – Variable Product