An offer is a set of terms for a potential payment plan. Think of an offer as a template for a payment plan.

There are 5 variables that can be customized for an offer:

  • Line Item (customer fee)
  • Down Payment
  • Payment Frequency
  • Term
  • First Payment Date

Offers can be embedded on your website to provide a payment plan checkout option for your customers. This can be done with or without an integration.

They can also be used as a template to quickly and easily create payment plans for invoices with FreshBooks, QuickBooks, or Harvest.

or simply use Partial.ly as a standalone software to generate direct checkout URLs that can then be sent via email or shared on social media to your customers.

Offer Variables:

line item: An optional extra charge that can be added to any payment plan as a separate line item. It may be a percentage of the total amount or a fixed value.

down payment: The amount required to initiate a payment plan and complete a sale. Just like the fee, the down payment may be a percentage of the total amount or a fixed value.

payment frequency: How often payments are processed. It may be in units of days, weeks or months. Specific dates may also be set by selecting the days of the month option.

term: Also known as payback period, it is the total time until all payments are made and the term of the payment plan is complete. It may be in units of days, weeks or months. A specific number of payments or a final payment date may also be used to set the term.

first payment date: This is for the first payment processed after the downpayment. You can allow your customers to choose their first payment date by entering the maximum number of days in the future that your customers can choose to start paying their plan.*

customer flexibility: You can allow your customers to have flexibility in chosing their down payment, payment frequency, term length and/or first payment date from a range set by you. You can read more about flexibility here: Customer Flexibility.

*If you allow the customer to choose their first payment date and pair it with the terms "weeks" or "months", payments will be calculated in real time.

For example, if you use the frequency of 1 week, the term of 6 weeks, and allow the customer to choose their first payment date, the plan will collect 7 payments after the downpayment. That is because the time between payment 1 and payment 2 is considered week # 1. If you would prefer for the customer to only pay 6 weekly payments after the downpayment, you will want to use the frequency of 1 week paired with the term of 6 payments.

Have more questions?

Please email us at support@partial.ly