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 Scenarios2019-03-18T05:04:44+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 PricePlanInitial AmountEMITotal Payable Amount
$10003 Months$100$300$1000
$10006 Months$100$150$1000
$100012 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 PricePlan DurationInitial AmountInterest RateEMITotal Interest AmountTotal Payable Amount
$10003 Months$1001% Per Month$310$30$1030
$10006 Months$1002% Per Month$170$120$1120
$100012 Months$1003% 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 PricePlan DurationDown Payment AmountEMITotal Payable Amount
$150010 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 PricePlan DurationDown Payment AmountInterest RateEMITotal Interest AmountTotal Payable Amount
$100010 Months$01% 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 PricePlan NameDown Payment AmountPlan DurationInterest RateEMITotal Interest AmountTotal Payable Amount
$5000Payment Plan #1$5003 Months1% Per Month$1550$150$5150
$5000Payment Plan #2$5006 Months2% Per Month$850$600$5600
$5000Payment Plan #3$50012 Months3% 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

8. Payment Plan Synchronization

Purchase a Product by Paying $0 Down Payment and Pay in Monthly Installments on/before Synchronized Due Dates

Example:

Price of the Product: $1000

Down Payment Amount: $0

Installment Plans:3 Months, 6 Months, 12 Months

Installment Plan Details

Product PricePlan DurationDown Payment AmountEMITotal Payable Amount
$10003 Months$0$33.33$1000
$10006 Months$0$166.67$1000
$100012 Months$0$83.33$1000

 

1. Payment Plan Synchronization – Simple Product

9.Payment Plan on Specific Due Date

Purchase a Product and Pay in Monthly Installments on/before a Specific Due Date

Example:

Price of the Product: $1000

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

Installment Plan Details

Product PricePlanInitial AmountEMITotal Payable Amount
$10003 Months$100$300$1000
$10006 Months$100$150$1000
$100012 Months$100$75$1000

 

1.Monthly Installments payable on Specific Due Date – Simple Product