One of the most popular payment options that are commonly used in the eCommerce industry is Pay Later.
Offering your clients multiple payment options has shown to be quite advantageous in terms of sales and profitability as online sales continue to increase daily. For both you and your consumers, it creates a win-win situation. It will enable customers to purchase products from your store and pay for them at a later date, such as at the end of the month, or at another time you choose.
In this article, we’ll walk you through the steps you can take to use the WooCommerce PDF invoice plugin to create a Pay Later System in WooCommerce for your WooCommerce stores. Before that, let’s quickly review some of the advantages that a Pay later solution can bring to your WooCommerce stores.
Sounds good? Let’s get started!
Why using a Pay Later option is beneficial for your WooCommerce store
Whether you’re still considering implementing a Pay Later system for your WooCommerce store, or you just need some motivation, this section is for you.
Here are the three most important things a Pay later system does for your WooCommerce store. Let’s have a look!
It promotes faster decision-making for your customers: Customers are typically obliged to make a payment as soon as they want to purchase a good or service. However, some hesitant buyers might take longer to decide, especially if they buy something online because there is less confidence in online shoppers. Therefore, even though you won’t suffer any loss, a Pay later method helps your customers feel more confident when making purchases from your store. Also, It can be a result of the psychological impact of the pay later approach.
It encourages customer loyalty, which leads to customer retention: The first step to gaining your customers’ confidence and respect is to charge them for your items. Now it is your responsibility to satisfy them after grabbing their attention with a pay later method. The Pay later solution will let your WooCommerce store beat your competitors while still offering the same quality. Customers will continue to buy your products as a result of the benefit they receive from that payment option.
It also brings in new customers: You’ll have a better chance of getting people who have never purchased from you before but are looking for the options you’re offering to test your items rather than those of your competitors. They can still have concerns regarding the quality of your goods when making their first purchase from your WooCommerce site. An incentive to try your products is a pay later method, which functions like a “promise” and allows them to experience the benefits firsthand.
Set up Pay Later option using the WooCommerce PDF invoice plugin
Customers prefer to wait a while before making payments in wholesale business-to-business transactions.
By including a “Pay Later” option at the checkout, the PDF Invoice/Packing Slip for WooCommerce plugin enables taking invoice payments. On the other hand, the customer can make the payment via the ‘Pay Now’ link on the invoice receipt.
Step 1: Plugin Installation
Steps to install and activate the plugin,
- Install the plugin by first downloading the.zip file from WebToffee > My account > Download.
- Log into your WordPress dashboard and go to Plugins > Add New.
- Click on Upload Plugin and choose the plugin zip file that you received after purchasing the WooCommerce PDF invoice/packing slip plugin.
- Click on Install Now to initiate the installation.
- Then, click on the Activate plugin.
Following these steps will add the plugin to your WooCommerce store.
From the WordPress dashboard, go to Invoice/Packing > Invoice menu.
It will then display a window with invoicing settings.
Open the Payment Link tab from the Invoice Settings window.
Enable the Show “Pay Later” at the checkout option, to use the Pay Later option in the WooCommerce store.
Fill out the Title, Description, and Instruction fields according to the way you want the invoice to look.
The “Pay Later” option can be found throughout the checkout process as follows:
In order to activate the function of Pay Later at checkout, enable the option of Show payment link on Invoice.
Choose the order status to which the payment option needs to be sent.
After the necessary changes, click on the Save Payment link settings button
After choosing the payment options in the Payment link tab, let’s add the feature to the PDF invoice template.
Simply use the drag & drop Pay Now option from the order field block, on the right hand side, to the invoice template.
After the changes are made, click the Save button.
By clicking the “Pay Now” link on the invoice, users can now start making payments.
Sample PDF Invoice
It is also possible to email the invoice with a ‘Pay now’ link to the customers who choose the Pay Later option at checkout – for more detailed information, refer to this article.
Having easy-to-use payment methods for customers is crucial for an online store to succeed. In this approach, the “Pay Later” option greatly relieves customers by enabling them to make payments later, especially following a large purchase. Additionally, by maintaining customer satisfaction, you can increase your store’s income.
You should not miss the Pay later method as an online business owner because of all the benefits it will give you over your competitors and make you stand out in the market.
We hope that our instructions will make it easier for you to set up the Pay later option using WooCommerce PDF invoice and help you grow your business.
Yet, if you have any queries, kindly post them in the comments below.