If possible, allow admin to create a payment plan instead of simple lump-sum repayment.
It could use the WooCommerce Subscriptions plugin, and it should take the interest into account. So a payment plan over 4 months, monthly, can be split into subscriptions to be paid on the date, with interest added. If user doesn’t pay, the Subscription settings would take over.
There should also be an option for compounding interests when payments are missed.
Offen
Last updated: March 28, 2023
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