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How do deposit payments work?

Learn how deposit payments work

Neo avatar
Written by Neo
Updated over 3 weeks ago

By using Split Payment & Deposit, you can offer deposit payments to your customers. Deposit payment, also referred to as a deferred purchase, is a type of payment that is delayed in parts to allow customers to pay for the purchased goods at a later date. For example, they can pay a 40% deposit today, and the balance (remaining amount) later, say in a month.

Deposit payment statuses

The following statuses are available for deposit payments in the app:

  • Paid – The order is paid in full, both the deposit and the balance.

  • Partially paid – Only the deposit is paid, while the due date for paying the balance hasn’t arrived yet.

  • Overdue – The order wasn’t paid on the due date since the credit card payment failed.

  • Canceled – The order was canceled in the app or the Shopify admin

Limitations

To use a deferred payment option, merchants need to use Shopify Payments or PayPal Express as a payment gateway. If your store doesn’t meet the Shopify requirements, you’ll see the corresponding notification on the app’s Home page and Deferred payments page

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