The wallet system for WooCommerce adds a digital wallet to your eCommerce store. It enables clients to buy goods and services quickly online. This is one of the quickest WordPress payment plugins.
Using a wallet for the WooCommerce plugin store owners add or deduct money from customers’ wallets, examine and download transaction history, and notify customers via emails. They can also send refunds straight to the consumer’s wallet. Moreover, cashback delivery is also possible using the cashback tool.
The payment & order processing performance will be markedly enhanced by the Wallet for WooCommerce plugin. Because customers may pay for things instantly without inputting their transaction details each time, it reduces the average checkout time. In conclusion, using a wallet system for WooCommerce enhances user experience.
Let’s get into the details of this useful plugin!
Features of Wallet System for WooCommerce
- Provide Wallet Credit
Using a digital wallet plugin, store owners can set up a WooCommerce credit system that rewards users for acts that promote the store and grow the user base. Additionally, the rewards will make the wallet a well-liked payment option in online stores. Moreover, users are awarded rewards with wallet credits for their favorable actions like daily visits, signups, and product review comments.
- Withdraw Wallet Balance
Customers have the option to withdraw funds from their wallets into their bank accounts or other payment methods. The merchant has the authority to accept or deny these withdrawal requests on the wallet’s Withdrawal tab, but they must deal with each request separately. Additionally, the username and profile link will appear in the request table.
- User Transaction History
The history of a customer’s wallet transactions includes entries for withdrawal, transfer, debit, and credit. The list of transactions done by clients as well as any adjustments made to their wallet accounts are both visible to the store owners.
- Notification Mails
Sending essential email notifications on wallet top-ups (recharge), wallet credit, and balance deductions helps owners keep their WooCommerce Wallet clients informed. You can set any email address as the recipient of wallet system notifications and change the default WooCommerce email.
- Partial Payment Option Availability
Partial payments are possible by using the plugin for your digital wallet. Customers can utilize their wallet balance to make a partial payment if the order value is more than their available balance. Customers can choose the amount to pay from their wallets manually and whole wallet payments let them pay the entire sum.
- Auto Complete Feature
Enable the auto-complete option for the orders placed with the wallet system. The Woo Wallet-paid orders will automatically be recognized as ‘Complete’ peeding up the order fulfillment procedure.
Benefits of Wallet System for WooCommerce
- Simple Interface
WooCommerce Wallet has a clean, organized user interface. Customers can simply learn how to use it, and it fits in with the theme of the store.
- Increases Customer Loyalty
Owners may reward their consumers for acts that are beneficial to their business, such as writing positive product reviews, signing up for newsletters, and making regular visits.
- Fast Transaction Process with Security
Transactions using the Wallet System are completed in a couple of seconds because payments are internally processed without the involvement of middlemen.
Since wallet transactions don’t involve outside parties, WooCommerce payments are safe and less likely to experience security flaws.
- Improve User Experience
The Wallet system for WooCommerce enhances payment processing and gives customers a quick and simple way to buy goods and services.
- Fast Checkout
Customers can quickly finalize their purchases when they place orders through their wallets, which lowers the rate of cart abandonment.
- Track Sales
Store owners may easily save the history of all user wallet transactions as PDF, CSV, or Excel files and keep track of every user wallet activity. As a result, they will be able to accurately monitor the wallet system.
With the help of this comprehensive article, we hope you now have got enough information about the Wallet system for WooCommerce. We guarantee that using this plugin will result in the easiest checkout process possible for a WooCommerce store along with many other benefits.
This plugin is a boon for both store owners and customers. This makes payment methods secure and fast. Additionally, if you are facing issues with product display in WooCommerce then check out our comprehensive guide on how to troubleshoot WooCommerce product display issues.