YITH WooCommerce Account Funds v2.16.0

YITH WooCommerce Account Funds is a solution for building an internal “e-wallet” system for WooCommerce websites. This plugin allows customers to pre-fund their accounts and gradually reduce the balance as they shop, helping to create a fast checkout process and retain loyal customers.

Key Features

• Flexible Top-up System: Customers can top up any amount or choose from pre-set top-up amounts (e.g., $10, $20, $50) using available payment gateways on the website.
• Payment Example: Added a new payment method “Account Balance” on the Payments page. Customers can simply select this method to pay immediately if their wallet balance is sufficient.
• Partial Payment: If the wallet balance is insufficient for the entire order, customers can use the remaining amount and pay the rest using other payment gateways (such as Stripe, PayPal, COD).
• Automatic Refunds: Integrated direct refunds to the account wallet instead of cash refunds, ensuring funds are always held within your system.
• Transaction Statistics: Provides customers with detailed statistics on the “My Account” page to track all balance variables (Top-ups, Purchases, Refunds).

Revenue Strategy

• Deposit Discounts: Offer discounts on the total order (e.g., 5% off the total order) or provide additional bonuses when customers pay with their wallet balance to encourage them to deposit in advance.
• Automatic Email Reminders: The system automatically sends email notifications when the customer’s account balance falls below the minimum, offering additional funds.
• Better Cash Flow Management: Businesses receive cash upfront from customers, creating a more dynamic savings stream before products or services are delivered or delivered.