Use Case Senario
Scenario 1
Book a Product by Paying Deposit Amount and Pay the Balance Amount within a Specified Time
Example:
Product Price: $1000
Book the Product by Paying $10
Pay the Balance Amount($90) within 10 Days from the Date of Purchase
How To Setup
Create a new Product
Enable the “Enable SUMO Payment Plans” option
In “Payment Type” option select “Pay a Deposit Amount”
If you want to Force your users to pay the deposit amount enable the “Force Deposit” option Set the Deposit Amount. The Deposit amount can be Predefined or user defined.
In “Deposit Balance Payment Due Date” option set the Number of days within which the Customer has to make the Balance Payment.
Scenario 2
Purchase a Product and Pay in Monthly Installments
Example:
Product Price: $1000
Available Installment Plans: 3 Months, 6 Months, 12 Months Installment Plan Details
| Product Price | Plan | Initial Amount | EMI | Total Payable Amount |
| $1000 | 3 Months | $100 | $300 | $1000 |
| $1000 | 6 Months | $100 | $150 | $1000 |
| $1000 | 12 Months | $100 | $75 | $1000 |
How To Setup
- Access the “Payment Plans” section which is available within the SUMO Payment Plans Menu
- Click on Add New
- Fill The Title and Description for the Payment Plan
For Example:
Title: 3 Month Plan
Description: This is a 3 Month Installment Plan
- In the Payment Plan Section, the Installment Plan has to be Configured
- Set the Percentage of the amount which has to be Paid during placing the order.
- To create additional rules, click the Add rule Button.
- Set the following percentage values in each rule
| Payment Amount | Interval |
| 10%($100) | Initial Payment |
| 30%($300) | After 1 Month |
| 30%($300) | After 1 Month |
| 30%($300) | After 1 Month |
| Total: 100%($1000) | Total Duration: 3 Months |
Similarly the Plan has to be configured for 6 Month Plan and 12 Month Plan
Scenario 3
Purchase a Product and Pay in Monthly Installments(Interest Rates Applicable)
Example:
Product Price: $1000
Available Installment Plans: 3 Months, 6 Months, 12 Months
Interest Rates:
3 Months Installment: 1% Per Month
6 Months Installment: 2% Per Month
12 Months Installment: 3% Per Month
Installment Plan Details
| Product Price | Plan | Initial Amount | Interest Rate | Total Interest Amount | EMI | Total Payable Amount |
| $1000 | 3 Months | $100 | 1% | $30 | $310 | $1030 |
| $1000 | 6 Months | $100 | 2% | $120 | $170 | $1120 |
| $1000 | 12 Months | $100 | 3% | $360 | $105 | $1360 |
How To Setup
Access the “Payment Plans” section which is available within the SUMO Payment Plans Menu
- Click on Add New
- Fill The Title and Description for the Payment Plan
For Example:
Title: 3 Month Plan
Description: This is a 3 Month Installment Plan
- In the Payment Plan Section, the Installment Plan has to be Configured
- Set the Percentage of the amount which has to be Paid during placing the order.
- To create additional rules, click the Add rule Button.
- Set the following percentage values in each rule
| Payment Amount | Interval |
| 10%($100) | Initial Payment |
| 31%($310) | After 1 Month |
| 31%($310) | After 1 Month |
| 31%($310) | After 1 Month |
| Total: 103%($1030) | Total Duration: 3 Months |
Similarly the Plan has to be configured for 6 Month Plan and 12 Month Plan
Scenario 4
Purchase a Product by Paying a Down Payment Amount and Pay the Balance Amount in Installments
Example:
Product Price: $1500
Down Payment Amount: 10% ($150) Installment Duration: 10 Months Installment Plan Details
| Product Price | Plan | Initial Amount | EMI | Total Payable Amount |
| $1500 | 10 Months | $150 | $135 | $1500 |
How To Setup
- Access the “Payment Plans” section which is available within the SUMO Payment Plans Menu
- Click on Add New
- Fill The Title and Description for the Payment Plan
For Example:
Title: 10 Month Plan
Description: This is a 10 Month Installment Plan
- In the Payment Plan Section, the Installment Plan has to be Configured
- To create additional rules, click the Add rule Button.
- Set the following percentage values in each rule
| Payment Amount | Interval |
| 10%($150) | Initial Payment |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| 9%($135) | After 1 Month |
| Total: 100%($1500) | Total Duration: 10 Months |
Scenario 5
Purchase a Product by Paying $0 Down Payment and Pay in Monthly Installments
Example:
Product Price: $1000 Down Payment Amount: $0
Installment Duration: 10 Months Interest Rate: 1% Per Month Installment Plan Details
| Product Price | Plan | Initial Amount | Interest Rate | Total Interest Amount | EMI | Total Payable Amount |
| $1000 | 10 Months | $0 | 1% Per Month | $100 | $110 | $1100 |
How To Setup
- Access the “Payment Plans” section which is available within the SUMO Payment Plans Menu
- Click on Add New
- Fill The Title and Description for the Payment Plan
For Example:
Title: 10 Month Plan with Interest Amount
Description: This is a 10 Month Installment Plan with Interest Amount
- In the Payment Plan Section, the Installment Plan has to be Configured
- Set the Percentage of the amount which has to be Paid during placing the order.
- To create additional rules, click the Add rule Button.
- Set the following percentage values in each rule
| Payment Amount | Interval |
| 0%($0) | Initial Payment |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| 11%($110) | After 1 Month |
| Total: 110%($1100) | Total Duration: 10 Months |
Scenario 6
Purchase a Product by Choosing from the Various Flexible Payment Plans
Example:
Product Price: $5000
- Payment Plan #1
Down Payment Amount: 10% ($500) Installment Duration: 12 Months Interest Rate: 3% Per Month
- Payment Plan #2
Down Payment Percentage: 10% ($500) Installment Duration: 6 Months
Interest Rate: 2% Per Month
- Payment Plan #3
Down Payment Percentage: 10% ($500) Installment Duration: 3 Months
Interest Rate: 1% Per Month
Payment Plan Details
| Product Price | Plan Name | Plan Duration | Down Payment Amount | Interest Rate | Total Interest Amount | EMI | Total Payable Amount |
| $5000 | Payment Plan #1 | 3 Months | $500 | 1% Per Month | $150 | $1550 | $5150 |
| $5000 | Payment Plan #2 | 6 Months | $500 | 2% Per Month | $600 | $850 | $5600 |
| $5000 | Payment Plan #3 | 12 Months | $500 | 3% Per Month | $1800 | $525 | $6800 |
How To Setup
- Access the “Payment Plans” section which is available within the SUMO Payment Plans Menu
- Click on Add New
- Fill The Title and Description for the Payment Plan
For Example:
Title: 3 Month Plan with Interest Amount
Description: This is a 3 Month Installment Plan with Interest Amount
- In the Payment Plan Section, the Installment Plan has to be Configured
- Set the Percentage of the amount which has to be Paid during placing the order.
- To create additional rules, click the Add rule Button.
- Set the following percentage values in each rule
| Payment Amount | Interval |
| 10%($100) | Initial Payment |
| 31%($1550) | After 1 Month |
| 31%($1550) | After 1 Month |
| 31%($1550) | After 1 Month |
| Total: 103%($5150) | Total Duration: 3 Months |
Scenario 7
Purchase a Product and Pay the Payment as per the Variable Payment Schedule
Example:
Product Price: $250
Payment Schedule
- 10%($25) at the time of Placing the Order
- 20%($50) After 3 Months
- 30%($75) After 6 Months
- 25% ($62.50) After 9 Months
- 15% ($37.50) After 12 Months
- Total Payable Amount – $250
How To Setup
- Access the “Payment Plans” section which is available within the SUMO Payment Plans Menu
- Click on Add New
- Fill The Title and Description for the Payment Plan
For Example:
Title: Variable Payment Schedule
Description: This is a 3 Month Installment Plan with Interest Amount
- In the Payment Plan Section, the Installment Plan has to be Configured
- Set the Percentage of the amount which has to be Paid during placing the order.
- To create additional rules, click the Add rule Button.
- Set the following percentage values in each rule
| Payment Amount | Interval |
| 10%($25) | Initial Payment |
| 20%($50) | After 3 Months |
| 30%($75) | After 6 Months |
| 25%($62.50) | After 9 Months |
| 15%($37.50) | After 12 Months |
| Total: 100%($250) | Total Duration: 2 Years 6 Months |