In this quick tutorial, we're going to discuss the Split-Payment option and how to create a payment plan for your products.
If you would like to learn more about how to create and set up a product in OptimizeCheckouts where we go through how to set a price and a product delivery, please see our article in the link below.
Create a Digital One-Time Product
To get started, go to OptimizeCheckouts > Products and click the blue Edit button on the product you would like to set a payment plan for.
Click on Pricing Information, followed by the blue Add New Plan button.
A popup lightbox will appear with options to set your pricing plan.
In this tutorial, we're going to be using the following information as shown in the image below.
Give your payment plan a memorable name. Under the Type dropdown, select the Payment Plan option.
Insert the price of your product in the Price field. Next, choose the Billing Period in the dropdown provided.
For this example, we've selected Monthly, which means the customer will be rebilled on a monthly basis.
Next, insert the total Number of Payments your customer will be required to fulfil. Again, for this example, we have inserted 4, which means the customer will be billed a total of 4 times in order to complete payment.
The Trial Period allows customers the opportunity to try your products before being charged. Use this to set the number of days you would like your customers to trial your product. Otherwise, set this field to 0.
The Setup Price is an amount added to the initial payment. You may wish to add this if you're providing an extra service in addition to your main product. For this example, we have set this number to 0.
OptimizeCheckout includes a brief summary of your settings to help give you a clearer picture of how your pricing plan will work with your settings.
Once you're happy with your settings, click the blue Save button.
For more information on payment plans, please be sure to check out our article on the official blog. You can find it by clicking on the link below.
