Installment payment features
This module also allows you to offer the possibility to pay in installments. In module settings, you can choose the number of installments and the delay in days between each installment.
This module will allow you to view an order in your Virtuemart Back Office with the total amount that has been paid using the "payment in 3 installments with no fees" module, for instance.
During the first installment payment, an authorization request for the amount of the first installment is sent (if the capture date is before the current date + 6). Therefore, you cannot be sure that the upcoming installments will be honored. Remember to check that the upcoming installments are authorized.
Starting from the second installment, the IPN is no longer called, as Virtuemart does not support such notifications for finalized orders. It is needless to resend the IPN from the Back Office.
Additional feature implemented into this module
For installment payments, the Lyra payment gateway allows to also choose the amount of the first installment.
For a payment of 100 Eur in 3 installments, you can set the percentage of the first installment at 50% of the total amount. This means that the amount of the first installment will be 50 Eur and the amount of the two other installments will be 25 Eur.
Payment method view
In module settings, you can define the minimum amount starting from which you wish to offer installment payment.
You can also set up the maximum amount until which you wish to offer installment payment.
To sum up, you must define a range for enabling payment in installments.