Deferred payment
Page: Settings >> Delivery and payment >> Deferred paymentYou can offer your customers deferred payment for various payment methods. For these payment methods, activate deferred payment in the general settings by clicking the Deferred payment possible option button; see General properties for payment methods, above.The individual fields for deferred payment have the following meanings:Table 52: fields for deferred payment
Note: For interest rates, simply enter the annual interest rate; the system calculates the monthly amounts.Save your entries by clicking Save.The customers will be offered a selection of the available financing models in the order process. In the order summary, the financing selected is displayed.In the Payment Method line, in addition to the deferred payment parameters, the additional amount that the customer must pay for using this payment method is indicated.The instalments are calculated according to the following formula:
Here, Z is the duration in months and P the order value in the currency indicated.In the ordering process, the APR is also specified along with the interest rate and monthly instalment. This is the compounded calculation. The procedure is defined in the German Price Indication Ordinance (Preisangabenverordnung – Pangv).