PrestaShop Store Credit Buy Now Pay Later - Digital Vault

Description

• Enhanced Customer Loyalty: Offering store credit and buy now pay later options helps merchants attract and retain customers who prefer flexible payment methods, fostering long-term loyalty.
• Increased Sales: The availability of these payment options encourages customers to complete purchases they might otherwise delay or abandon, resulting in higher sales for merchants.
• Higher Average Order Value: Customers are likely to spend more when given the option to pay later or use store credit, leading to an increased average order value for merchants.
• Reduced Cart Abandonment: Flexible payment options can decrease cart abandonment rates by providing alternative methods for customers to finalize their purchases, even if they lack immediate funds.
• Competitive Advantage: Offering store credit and buy now pay later solutions can set merchants apart from competitors and attract customers seeking convenient payment options.
• Improved Cash Flow: Merchants enjoy better cash flow by receiving payments upfront for purchases made with store credit, while buy now pay later options allow for timely payment fulfillment without delaying order fulfillment.
• Customer Insights: Utilizing store credit and buy now pay later options provides merchants with valuable insights into customer purchasing behavior and preferences, enabling more effective marketing and product offering adjustments.
• Reduced Risk: Implementing digital vault solutions for securely storing payment information enhances security measures and minimizes the risk of fraud or data breaches, protecting both merchants and customers.
• Streamlined Operations: Digital vault modules simplify the management of store credit and buy now pay later transactions, easing accounting processes and reducing administrative burdens for merchants.
• Future Growth Opportunities: By building trust and loyalty through flexible payment options, merchants can position themselves for future growth and expansion in their markets.

Features

• Customers can utilize their store credits during the checkout and cart process.
• Option to display the store credit balance in the top link section.
• Backend option to hide the top link if the store credit balance is zero.
• Customers receive email notifications regarding updates to their store credit balance when:
• Admin adds to the store credit balance
• Admin deducts from the store credit balance
• An order refund is processed (paid with store credit)
• An order is placed (paid with store credit)
• Admin can settle store credit amounts due for a specific customer, including the option to add a comment.
• Customers can view their transaction history related to store credit in the "My Account" section under "Store Credit."
• Admins can check details of customer store credit spending in the backend sales order view section.
• Store credit can be assigned to specific customers based on criteria such as customer type, group, country, currency, language, and zone.

What Your Customers Will Appreciate

• Financial Flexibility: Customers can take advantage of purchasing items without immediate payment, helping them manage their finances more effectively.
• Immediate Access: The digital vault feature provides quick and easy access to available store credit or buy now pay later options, simplifying the checkout process.
• Deferred Payments: With the buy now pay later option, customers can postpone payment for their purchases, making budgeting and expense management easier.
• Enhanced Shopping Experience: The inclusion of store credit and buy now pay later options enriches the overall shopping experience, offering customers more choices and flexibility at checkout.
• Convenient Payment Management: Customers can easily view their available store credit or buy now pay later balance directly from their account, making payment tracking and management straightforward.

Installation Steps

• Install the module ZIP file and configure the settings.
• Create rules and assign a credit limit to your customers.
• Customers will see a new payment option labeled "store credit."