Installment payment
| Module option | |
|---|---|
| Activation | In order to enable the payment method, select Enabled. By default, this method is Disabled. |
| Name | This option allows you to define the name of the payment method. The buyer will see this title when choosing a payment method. The default label is Lyra. |
| Restrictions | |
|---|---|
| Minimum amount | This field defines the minimum amount for which you wish to offer this payment method. |
| Maximum amount | This field defines the maximum amount for which you do not wish to offer this payment method. |
| Payment options | |
|---|---|
| Payment option | This module allows you to create as many credit card installment payment options as you like. Each payment option will have a different code that will be displayed in the order table. To add a payment option, click on Add. When you are done, remember to save your changes. |
| Label | Text describing the installment payment option as it will be offered to the buyer. Example: Pay in 3 installments with no fees |
| Minimum amount | Allows to define the minimum amount required to make the payment option available. |
| Maximum amount | Allows to define the maximum amount required to make the payment option available. |
| Merchant ID | The Merchant ID to use with the option, in case your shop has several Merchant IDs. It is recommended to leave this field empty. |
| Number | Number of installments: 3 for payment in 3 installments 4 for payment in 4 installments etc. |
| Period | Period (in days) between each installment. |
| First installment | Amount of the first installment, expressed as a percentage of the total amount. Example: For an amount of EUR 100 in 3 installments, you can set the percentage of the first payment at 50% of the amount. This means that the amount of the first installment will be EUR 50 an that the two others will be of EUR 25. For 50% enter 50. If you want the amount of every installment to be the same, leave this field empty. |
Once you have completed the configuration, click Save.