Follow these procedures to create a Cashflow.io payment plan.
By creating a payment plan preset, you'll be able to quickly select it in the future when sending payment requests. A payment plan alias is required: create a name for your payment plan. A payment plan is created in the account settings section under payment options.
Click on the SETTINGS MODULE, then, Payment Plans, and then click on ADD PAYMENT PLAN. You have two options:
- Payment by installment
- Payment by delayed charge
An alias is required: create a name for your payment plan. An auto-generated descriptor is then created. Follow the input steps and select from the following:
Surcharge for the Plan
- Select the interest rate
Number of payments
- Select a value for the number of payments
Interval Between payments
- The interval selection is week(s)
When is First Payment due?
- Select a value from the drop-down menu
A dynamic summary of the payment plan is then displayed.
AUTOMATED PAYMENT REMINDERS
The Payment Reminders feature allows you to create a reminder notification preset to help you get paid. Once you send a payment request, the transaction status will be set to pending.
PAYMENT REQUESTS
From the advanced options menu, in the payment request module, simply select the payment plan preset from the drop-down menu. You may add a new plan by clicking on ADD NEW PLAN.
From the advanced options menu, in the payment request module, simply select the reminder preset from the drop-down menu. You may add a new reminder by clicking on ADD NEW REMINDER.
Enter a nickname, select the reminder frequency, and add in a stop reminder.
Setting up an automatic reminder to ensure your customer pays the pending payment request is simple. The payment plan module helps you tailor creative payment options for your customers by offering incentives and payment flexibility.
By creating a payment plan preset, you will be able to quickly select it in the future when sending payment requests.
PAYMENT PLAN ALIAS
A payment plan alias is required: create a name for your payment plan auto-generated descriptor:
PAYMENT REMINDERS
This feature allows you to create reminder notification presets to help you get paid.
Once you send a payment request, the transaction status will be set to pending.
Setting up reminders will make our system send reminders at intervals of your choosing for as long as the transaction remains pending state (unpaid).