Installment Option Setup
The first step in setting up payment plans is to create a payment plan installment product and product options. This product option will be placed in the invoice created for each installment billing. Note that these are simply used as placeholders for reporting purposes and invoicing. Create a top level product named “Payment Plan”, and simply use the default values on the product creation screen. Once this is complete, create an installment option. You can either create a single option named “Installment” and use it for all payment plans, or create a new option for each payment plan with a more descriptive name. When creating the options, use option type “Transaction Fee”, set the price to $0 (the installment price will actually be defined by the payment plan instance), and set the Order Level Req to a high number so that it does not show up on the catalog screen. All of the other values can be left at the default values, and any custom HTML can be added as well.
Add a Payment Plan
To add a new payment plan from Authors menu, select Storefront, Payment Plan, Add. Edit each of the fields, referring to Payment Plan Fields for detail on each field, and click submit.
Viewing/Editing Existing Payment Plans
To view existing payment plans, from the Authors menus, select Storefront, Payment Plan, List. A list of existing payment plans will be displayed. Click the payment plan name to edit the payment plan. Update fields and click submit.
Associating a Payment Plan with a Product Option
Once a payment plan is created, it can be tied to any product option, including bundled product options. On the product option add/edit screen there is a new field for Payment Plan. All payment plans will show up in a drop down list. To tie a payment plan to a product option, just select a payment plan from the list and save the change.