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› Forums › WordPress/WooCommerce › How does buy now pay later option works in WooCommerce wallet plugin?
Tagged: Wallet
How to use payment system “Buy Now, Pay Later” in WooCommerce Wallet!
The Buy Now Pay Later (BNPL) option in the WooCommerce wallet Pro allows customers to place orders even if their wallet balance is insufficient.
Here’s how it works, briefly:
1. If the customer’s wallet doesn’t have enough funds, the remaining amount is logged as a “pay later” balance.
2. Store admins can set a BNPL limit, minimum order amount to qualify, and even charge interest on the pending balance.
3. Customers can repay the outstanding amount later via their wallet top-ups.
Enable BNPL Feature:
a) Go to WordPress Dashboard > Wallet System > General Settings.
b) Look for the Buy Now Pay Later section.
c) Enable the BNPL toggle.
Configure BNPL Settings:
a) Set Maximum BNPL Limit: Define how much balance users can owe.
b) Minimum Order Amount: Set the minimum cart value required to use BNPL.
c) Interest Rate (optional): You can charge a percentage as interest on the due amount.
d) Due Duration: Set how long users have to repay the BNPL amount.