Top 10 WooCommerce Prepayment Options for 2025
In the ever-evolving world of e-commerce, ensuring a seamless and efficient checkout process is crucial for any online business. Prepayment plugins for WooCommerce can help achieve just that, by allowing customers to pay part or all of an order up front and settle the rest later.
Here are three top WooCommerce prepayment plugins that can help reduce cart abandonment and improve cash flow:
YITH WooCommerce Deposits/Pre-Orders
This plugin offers a versatile solution for taking deposits or upfront payments for products. Key features include:
- Allows customers to pay a deposit or pay upfront for products
- Option to pay later or automatically charge the card when available
- Manage pre-orders with dedicated tables
- Can offer incentives like free shipping on pre-orders
- Integration with payment gateways like Stripe, Braintree
Pricing starts around $79–$100/year (typical for YITH plugins). By letting customers pay a deposit (partial payment), it secures sales early, reducing cart abandonment due to high upfront cost, and improves cash flow by getting funds before full order completion.
Fast Credit Pro
Fast Credit Pro offers a full store credit system where customers can buy or earn credits and then use them to pay. Key features include:
- Supports credit packs, subscriptions, promotions
- Customers pay with credits stored
- Dashboard tracking balance and transactions
- Rewards to encourage repeat purchases
Pricing is $119/year for a single site license. Encouraging repeat purchases through store credits acting as prepaid money improves cash flow and customer retention, and reduces checkout friction.
Wallet System for WooCommerce
The Wallet System plugin adds a digital wallet for customers to store funds, making it easier for them to preload funds, speed up checkout, and guarantee payment availability. Key features include:
- Supports peer-to-peer fund requests, auto PayPal withdrawals
- Allows negative wallet balance for continued shopping
- Referral systems with discounts and rewards
- Option to charge wallet withdrawal/transfer fees
A free version is available, with a Pro version offering advanced features at additional cost.
Differences in Features and Usage
- YITH WooCommerce Deposits is focused on partial payments or deposits for individual products, excellent for high-value or pre-order items, allowing flexible payment timing and automated charging later. Its dedicated pre-order management aids backend workflow.
- Fast Credit Pro revolves around a storewide credit ecosystem where customers buy credits upfront, potentially earning credits as rewards, and then use credits to pay, fostering loyalty and repeat purchases rather than simply one-time deposits.
- Wallet System provides a general prepaid wallet usable across purchases, supporting social fund requests and withdrawals with PayPal integration, ideal for stores wanting a broader wallet/fund management system rather than product-specific deposits.
Pricing Summary
- Fast Credit Pro: ~$119/year single site
- YITH Deposits: Typically ~$79–100/year (varies with edition, plus possible payment gateway costs)
- Wallet System: Free core, Pro version paid (price varies with features)
These plugins help reduce checkout friction by allowing partial or prepaid payments, which lowers cart abandonment especially on expensive products, while also improving cash flow by collecting funds earlier in the purchase cycle.
Choosing among them depends on your business model:
- Use YITH Deposits if you want deposit payments for pre-orders or high ticket items.
- Use Fast Credit Pro if you want a credit system rewarding customer loyalty and prepaid bundles.
- Use Wallet System if you want a general wallet-based prepaid approach with fund transfer and withdrawal options.
This reflects the most relevant WooCommerce prepaid/deposit plugins oriented towards reducing abandonment and boosting cash flow, with their respective feature sets and pricing structures.
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