How to Add Discounts Based on Payment Methods in WooCommerce? (3 Steps)

This article explains how to easily configure your WooCommerce store to offer discounts to your customers for using certain payment methods you prefer. We will be using the free WooCommerce smart coupon plugin to set this up.

Encouraging payment via specific payment methods helps you bring more profit to your WooCommerce store. For instance, it enables you to avoid certain payment gateways that cost you a lot in terms of payment gateway charges.

WooCommerce, by default, doesn’t include the feature to offer discounts depending on payment method. However, the free smart coupon plugin for WooCommerce can assist you with setting up WooCommerce payment method-based discounts in a few steps.

WooCommerce discount coupons can be created for specific payment methods to encourage customers to use those specific payment methods.

To set up payment method-specific discounts using a free plugin, follow the below steps:

Step 1: Install and activate the “Smart Coupons” Plugin

• Go to Plugins > Add new. In the opening window, you can search the keyword “smart coupons.”
• Choose the WebToffee plugin, namely, Smart Coupons for WooCommerce
• Click Install Now and then Activate

Step 2: Create a Smart Coupon

Let’s look at the process of configuring a smart coupon that applies a discount for a direct bank transfer payment method.

• Navigate to Smart Coupons > Add Coupon to create a new coupon.
• Provide a unique coupon code and description.
• Specify the type of discount that you want to offer in the Discount type field.
• Enter the Coupon amount. For example, a 15% discount or a $15 discount.
• Mention the coupon’s valid period using the Coupon expiry date and Coupon start date fields.
• Set Display Coupon in option to Checkout.
• Configure the remaining settings (usage limit and usage restrictions) to your preferences). For a detailed guide on how to set up advanced WooCommerce coupons, refer to the article.

Step 3: Set Up Payment Method-specific Discounts in WooCommerce

• Next, go to the Checkout options in the Coupon data widget.
• Under the Payment methods field, select the specific payment method(s) for which you have to offer the discount. All payment methods configured in your store will be listed there. Here, we will be selecting “Direct Bank Transfer.”
• Publish the coupon.

Unlike direct discounts, discounts via coupon will only be deducted from the bill at the cart or checkout. The above-created coupon will be displayed on the checkout page and the discount is applied when customers select the specified payment method.

The coupon discount will apply directly to customers’ shopping bags.

Applying discounts based on payment methods in WooCommerce can be an effective way to incentivize customers to use certain payment methods while also increasing sales and revenue for your online store.

By following the step-by-step guide outlined in this blog post, you can easily set up and manage these discounts. Remember to test the discounts thoroughly to ensure they are working as intended and to make any necessary adjustments as your business grows and evolves.

With this feature, you can offer your customers more flexibility and value while enhancing the overall shopping experience.

I hope this article has been simple and informative enough for you to understand how to apply discounts based on payment methods easily. Do let us know your thoughts in the comments below.