Partial Payment simply means you need to pay the least amount then the due amount of the order, Rest amount can be paid in various installments.
Partial Payment Extension for Magento
It was just the idea before implementing this feature in an online store, but as we know eCommerce world has changed the way to do the business. The idea was awesome, but the implementation and integration with eCommerce platform was the challenge, but finally MageCome comes up with the most awaited extension for the Magento store owners.
The Partial Payment Magento Extension from MageComp provides the option for the customers to pay the amount in installments for the product they buy from your online eCommerce website. In a simple manner, customers will have to pay the down payment (a small amount from the full amount) to purchase the products. Customer can pay the rest payment in various installments and period defined by the website store admin. This opens up a wide range of tremendous business opportunities for the store owner.
Partial Payments Extension for Magento makes things really easy for customers who wants to buy the product now and can't pay the full amount at a time.
Isn't this could be an awesome way to increase your profit and your sale on top?