Magento 2 Partial Payment Extension
There are instances when it becomes necessary to accept a partial payment in advance as a deposit for the total order amount. Such cases may arise when providing a service that requires an upfront amount as a guarantee, when customers do not have enough cash on hand to make the full payment, or when the product's price is too high to be paid in one lump sum.

As an e-commerce store owner using Magento 2 in a highly competitive market, you understand the importance of distinguishing yourself and staying ahead. One of the most effective ways to achieve this is by offering affordable payment options. The payment system in your Magento 2 store can always be further optimized to increase the conversion rate. Optimization is an ongoing process, and that's why Meetanshi has developed the Magento 2 Partial Payment module, which allows customers to pay in installments or through layaway plans.

Splitting payments into smaller parts motivates customers to make a purchase without hesitation about paying the entire amount upfront. By providing an installment payment facility, customers' concerns about the product cost are significantly reduced. You can allow customers to make a token amount or down payment at the time of purchase and then pay the remaining balance in installments. Additionally, you can offer layaway price plans or EMI options to your store customers. It's a win-win situation for both customers and store owners with the Magento 2 EMI extension!

Selling products in installments is an age-old and effective marketing technique that keeps customers engaged with stores. After making a purchase with a down payment or deposit, customers are required to return and complete their installment payments in a timely manner. This way, you can maintain continuous contact with customers, nurture a good relationship, and build trust, all with the help of the Magento 2 Split Payment extension!

The Magento 2 Layaway extension allows administrators to customize payment plans based on products and provides a separate backend grid for managing orders with partial payments and installments. It supports multiple payment methods and offers customer group-specific features for accepting partial payments.

For more info - https://meetanshi.com/magento-2-partial-payment.html