How to Apply Discount per Payment Method in WooCommerce

Marketers have utilized discounts as a marketing technique for a long time. A good discount is appreciated by most customers, and you may utilize it to sell a product or service. If you manage an online business, it’s vital to provide your consumers with simple and safe payment choices.

You must carefully choose your payment processor or gateway since some payment services are better than others. For example, some do not impose transaction fees, which benefits both customers and store owners. This is why giving customers who utilize a certain payment method a discount or other incentive may be a smart idea.

You can’t give discounts to clients based on their payment method as the built-in WooCommerce features have limitations.

We’ll go through the advantages of delivering discounts based on the method of payment in this post. This is where the ELEX WooCommerce Discount per Payment Method Plugin, which is available for free, may assist. This plugin allows you to provide your customers with percentage discounts based on the payment option they select when checking out. At checkout, the percentage discount specified will be added to the total cost.

The admin may apply the discount to all active payment methods in their WooCommerce shop at once by typing the discount in the appropriate field of each payment method. They have complete control over whether the discount is activated or disabled, as well as the ability to delete it if required. We’ll go through how to set up your WooCommerce store so that clients who pay using specific ways get discounts.

Table of Contents

Overview

Reasons to Offer Discounts Per Payment Method
Advantages of Implementing Discounts Per Payment Method
Discount Per Payment Method using a Plugin

Reasons to Offer Discounts Per Payment Method

Some payment gateways are more expensive than others, with greater transaction service fees. As a result, providing discounts to clients who pick one option over another can help everyone save money. In e-commerce, discounts may be used in a variety of ways to entice customers to pay using your chosen payment method. Customers are more inclined to pick one method over another at checkout if they notice a discount for doing so.

Advantages of Implementing Discounts Per Payment Method

Give consumers a percentage discount off the subtotal in the Cart when they pick a certain payment option while placing a purchase.
Include a discount for all of your store’s active payment options.
You may customize the discount label on the Checkout Page.
You can activate or cancel the discount at any time.
Discounts for several payment methods can be combined to save even more money.

Discount Per Payment Method using a Plugin

We will be using the ELEX WooCommerce Discount Per Payment Method plugin. With this plugin, you can provide your customers with percentage discounts based on the payment option they select at the time of checkout. The percentage discount entered will be subtracted from the subtotal amount in the cart.

By adding the discount in the appropriate field of each payment method, the admin may apply the discount to all current payment ways in their WooCommerce shop at once. They have the ability to enable or disable the discount on the shop as needed, as well as eliminate the discount when it is no longer needed.

Below we have listed a few features of the plugin:

When customers pick a certain payment method to place a purchase, apply a percentage discount to the Cart subtotal.
You’ll be able to choose from all active payment methods in your WooCommerce store and add a percentage discount.
To alert the buyer about the discount amount deducted from the shopping subtotal, use a custom label.
Allow any discount to be active in your store as and when it is needed.
In your WooCommerce store, apply discounts to all active payment methods at the same time.

Start by installing and activating the plugin. To do so, download the zip file of the plugin after purchasing it from the ELEXtensions website. Go to your WordPress Dashboard > Plugins > Add New > Upload plugin and click Install Now after uploading the zip file.

Once the installation is complete, click Activate Plugin.

In order to access the plugin settings, go to WordPress Dashboard > WooCommerce > Settings > ELEX Discount Per Payment Method.

Start by adding a payment method to the list. By default, there will be no payment method listed. You can add a payment method by clicking the ‘+’ icon under Actions, after adding a payment method by choosing one from the drop-down menu under the Payment Method section.

If the payment method drop-down does not show all the payment modes, go to the Dashboard > WooCommerce > Settings > Payments and enable the required payment modes.

You can enable or disable a particular payment method in the plugin settings by turning on or off the status button next to the desired payment method.

You may also customize a label that will be displayed on the checkout page next to the discount by entering a custom text in the Checkout Discount Label section. By default, the custom text will be “Payment Method Discount”.

Once you are done customizing the payment method discounts and tweaking the settings, click Save Changes.

Conclusion

Making sure payment services are safe, dependable, and reasonable is an important part of running a successful online business. To increase your revenue, you might wish to encourage your consumers to select a specific payment option during checkout. Offering product discounts is one of the simplest methods to do this. The ELEX WooCommerce Discount Per Payment Method is one of the best plugins to do the same.