OpenCart Extension – Installment/Layaway Payment option module
The Installment payment option module needs to be able to be managed in admin options:
Set annual interest rate.
Allow Admin to run report on customers that have installment plans. Show balance, payment history, interest with summary. Allow report to be run by category or individual.
Send reminder emails to user days in advance set in Module Admin. Allow admin to send individual users a reminder email with notes.
Allow admin to add installment payments as an option
Allow admin to set down payment in amount or percent
Allow admin to set maximum number of payments.
Allow user to choose from number of payments
Allow admin to set frequency. Monthly, bi-monthly.
Allow user to choose from available frequency
Model payments for user instantly, by taking the final price - down payment and calculating the payments.
Allow admin to add a special charge per item in dollars or percent. Allow Admin to name the charge.
Allow user to log into account and:
Make additional payments
View/download payment and balance history and interest if any.
Email user when installment payment has been made with balance and next payment due.