How to Add Deposits in WooCommerce Bookings: Easy Method in 2024

Are you using WooCommerce for your online store?

You want to stay risk-free and need an advanced deposit from your customer.

But, how to add deposits in WooCommerce bookings?

This blog will teach you a simple way to add a WooCommerce bookings deposit.

Let’s find out.

What is WooCommerce Deposit?

WooCommerce deposit is an extension of the WooCommerce plugin. Which allows you to receive deposits or payments, and you can choose from a variety of products or services. Customers can pay for these products in installments or with a deposit instead of paying in full.

To activate WooCommerce Deposit, you need to buy the extension for $18.25 monthly.

But don’t worry you don’t need to buy this extension to enable deposits in WooCommerce. You can use a free plugin from the WordPress directory to activate advanced deposits and partial payments in WooCommerce.

How to add deposits in WooCommerce bookings

There are many WooCommerce bookings deposit plugins in the WordPress directory but we need a plugin that is easy to use and offers great features.

You can find the best WooCommerce deposits Plugins with Features and Benefits.

Now let’s add the WooCommerce Deposit plugin.

 Simply follow the steps below.

Go to your WordPress dashboard and navigate to the Plugins tab

Click Plugins -> Add New Plugin.

Type “advanced deposit”  on the plugin search and you will find WpDepositly.

Click Install Now and Activate the plugin.

Once you have installed WpDepositly, a new tab called Partial Payment will appear on the dashboard.

Click Partial Payment -> Settings.

You will get different options for deposit.

1. Deposit Storewide Values

From Deposit storewide Values, you can enable deposit by default, and allow deposit on the cart and checkout page.

Display the deposit on the product list and enable or disable the deposit by force.

You can take deposits in a fixed amount or percentage format.

If you choose a fixed amount, define the deposit amount.

2. Site-wide settings

After setting your deposit, you can set your Site-wide settings to control your front-end functions.

Under the Site-wide Settings section, you can disable deposits globally by selecting the checkbox.

You can set your deposit or full payment on the front end by default.

Reduce your booking stocks either from your full payment or if you want you can reduce it from the deposit.

The admin can edit partially paid orders and also display the “has deposit” column in the order list table.

Even you can disable the roles of any user and guests.

3. Calculation & Structure

Under the Calculation & Structure section, you can set payment structure, tax, fees, shipping handling and discounts.

Once all your deposit settings are done click Save Changes.

Now let’s check whether our deposit feature is working for WooCommerce booking.

Go to any of your product or service pages and add it to the cart.

4. Book a WooCommerce product or service

After booking the service, check the cart

5. Check your Cart

From the cart, you can see that the deposit function is working perfectly.

Proceed to your Checkout page.

6. Place order from the Checkout

The deposit is even reflected on the checkout page.

So you have successfully added deposits in WooCommerce bookings.

Once you click place order, you will get a thank you message along with a partial payment summary.

Now go to your dashboard and check your Partial Order List.

Partial Payment -> Partial Order List.

Well from your backend, if you received your deposit click the tick mark and mark it as completed.

When your order is completed and receive the future payment you can also click the tick mark for it.

But your customer won’t get any email reminders for future partial payment and WooCommerce deposits.

For that, you need to purchase WpDepositly Pro.

It will offer many important features like a payment plan which will make your customer to pay in installments.

Importance of WooCommerce Deposits

Some hefty features that make WooCommerce deposits very important for WooCommerce users.

More flexible payment options

Partial Payments: 

WooCommerce Deposits lets customers make partial payments, which lets them buy expensive things without having to pay the full amount all at once. Having this kind of freedom can help you sell more, especially pricey goods or services.

Flexible Payment Plans:

Store owners can make flexible payment plans that let customers pick from set deposits, deposits based on a percentage, or full payments. This customization works for a wide range of customer tastes and budgets.

Better accessibility

Broader Customer Base: 

Businesses can get more customers, even if some of them can’t pay the full price all at once, by letting them make deposits. This can greatly increase the number of sales and keep customers coming back.

Specific Product Targeting: 

Store owners can choose which items can be approved for partial payments by allowing deposits for those goods only. This targeted method helps keep cash flow in check while still giving customers choices.

Better experience for customers

Automated alerts: 

The plugin can send email alerts for payments that are still due, which helps customers remember when they need to make payments. This feature makes customers more interested and makes it less likely that they will forget to pay.

User-Friendly Interface: 

The deposit feature works with the WooCommerce checkout process without any problems, making it easy for customers to choose their payment choices. More people may be happy with how easy it is to use.

Benefits for Business

Increased Sales Conversion:

Businesses can lower the number of carts that are abandoned by letting customers pay deposits instead of the full price. This is because customers are more likely to finish a purchase when they can pay a deposit instead of the full price. In this way, deposits increase the sales conversion.

Managing cash flow: 

Businesses that take deposits can get a chunk of the sale upfront, which helps with cash flow and product management. Especially for expensive things or services that need a big down payment, this can be very helpful.

Final Words

Well, you just learn how to add deposits in WooCommerce bookings. Isn’t it easy to set up the partial payment and deposit feature using the best advanced deposit plugin in WooCommerce?

Adding deposits to your WooCommerce bookings can make the booking process much better for both buyers and business owners. You can give customers more payment choices by using the WooCommerce Bookings plugin along with the WpDepositly plugin. This way, they can secure their reservations with a partial payment. This not only makes it easier to get high-value bookings but also lowers the chance of cancellations at the last minute, which means a more stable stream of income. 

FAQs

What types of deposits can I set up?

You can set deposits to be a set amount or a portion of the total price of the item. Customers can pick the payment method that works best for them based on their current cash situation.

Can I send reminders for upcoming payments?

Yes, the WooCommerce Deposits plugin can send customers automatic emails to tell them when they have payments due. This function makes sure that customers know when their payments are due and can make plans accordingly.

Can I restrict deposits to specific products?

Of course. You can turn on or off deposit functionality for a single product. This lets you change your payment choices based on your inventory and how you plan to sell it.