Offer Customers a Savings Plan to Buy Your Products

Savings Plan for WooCommerce helps users save for products you sell. When the buyer saves the total purchase price, it alerts them.

Types of Savings Plans

Fixed Installment

The user saves a fixed amount for a specified period.

Fixed Duration

The user saves for a product within a defined period. The user can save any amount, any number of times.

Indefinite Duration

In this Savings Plan type, there is no time limit. The user saves any amount any number of times.

Benefits

Convert potential prospects to customers

Offering a convenient way to save for future purchases within your site can help to convert potential prospects to customers.

Gain insights into future sales

Customers saving for purchases reveal future purchase intent. Track savings for products to predict purchase trends.

Attract new customers

Customers who benefit from savings plans may refer new users to your site.

How does it work?

Fixed Installments Savings Plan

• A user lands on a single-product page.
• If the user wants to purchase the product, they click the Add-to-Cart button.
• If the user wants to save for the product, they have to select the Save-for-this-Product checkbox.
• Once enabled, the available savings plans display in a dropdown menu.
• Once a savings plan is selected, the following details will be displayed:
  • Number of installments
  • Installment amount and installment frequency
  • Plan the start date and end date
• When the user selects the Pay-First-Installment button, the product will add to the cart. Once payment is complete, the savings plan opens.
• Your users can access their savings plan from their My Account Page > My Savings Plan.
• The user will manually pay the remaining installments. You can optionally enable Automatic Payments when your users pay using WooCommerce Stripe Payment Gateway.

Fixed Duration Savings Plan

• A user lands on a single product page.
• If the user wants to purchase the product, they click the Add-to-Cart button.
• If the user wants to save for the product, they enable the Save-for-this-Product checkbox.
• Once enabled, the available Savings Plans will display in a dropdown menu.
• Once a Savings Plan is selected, the following details will display.
  • Plan start date and end date
  • A field to input the savings amount
• When the user selects the Pay-First-Installment button after inputting the savings amount, the product will add to the cart. The savings plan opens when the payment is complete.
• Your users can access their savings plan from their My Account Page > My Savings Plan.The user will manually pay the remaining installments.
• The Fixed Duration Savings Plan requires that the user saves for their chosen product within a defined time period. The user can save any amount, any number of times. You can optionally restrict the minimum or maximum amount of the savings plan.

Indefinite Duration Savings Plan

• A user lands on a single product page.
• If the user wants to purchase the product, they click the Add-to-Cart button.
• If the user wants to save for the product, they enable the Save-for-this-Product checkbox.
• Once enabled, the available savings plans will display in a dropdown menu.
• Once a savings plan is selected, the following details will display:
  • Plan start date
  • A field to input the savings amount
• When the user selects the Pay-First-Installment button after inputting the savings amount, the product will add to the cart. The savings plan opens when the payment is complete.
• Your users can access their savings plan from their My Account Page > My Savings Plan.The user will manually pay the remaining installments.
• In the Indefinite Duration Savings Plan type, there is no time limit. The user can save any amount, any number of times. You can optionally place a restriction on the minimum or maximum amount saved.

Product Fulfillment Process

• Once all installments are paid, the user is notified by email. The emails contain links directing users to checkout pages.
• On the checkout page, the user can review their shipping address and make changes if needed. Users can agree to pay shipping costs, if applicable, and place their orders.
• Savings Plan for WooCommerce helps users to save for products sold in your shop and purchase them once they save the total price.

Requirements

Minimum PHP version: 5.6