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 4 variables that can be customized for an offer: customer fee, down payment, term and payment frequency. Offers can be embedded on your website (Shopify, Woocommerce, etc.) to provide a payment plan checkout option for your customers. Or they can be used as template to quickly and easily create payment plans for invoices (FreshBooks, QuickBooks, Harvest)
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.
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 be used to set the term. Please see our Offer Payment Schedule Variables support page for more information.
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. Please see our Offer Payment Schedule Variables support page for more information.