Nowadays having a website has become inevitable for any industry or any business. Online shopping promptly replaces the traditional bricks and cement shop. We are living in an era of eCommerce boom. Choosing to begin your own online store is a magnificent thought that could just lead to the next great online success story.
Every online business needs an online store, preferably one that’s on their own website. When it comes to a shopping cart, WooCommerce is among the most popular and important WordPress open source e-commerce plugin. WordPress is a very popular open source mostly used for content management systems, blog and also eCommerce. As per builtwith almost 13.18% of eCommerce websites are built using WooCommerce which is a popular way of implementing eCommerce functionality using WordPress.
It is very flexible, secure and easy to use the plugin provided by WordPress. As per the research, WooCommerce has been adopted by over 171000 online stores, which is a strong reason for choosing it for building an online store on WordPress CMS.
One of the crucial parts of eCommerce is how the payment is made online. There are different methods involved in payment processing. Most of us are only familiar with online payment methods like paying using credit cards, debit cards & COD. However, there is one more type of the payment in which the customers are given the ability to pay the amount within a few days this term is known as NET-D term, whereby D stands for Days.
Read More: Benefits of WooCommerce 3.0
NetD terms is a type of trade credit where the payment is due for X days after the product is purchased. These liabilities are only given to those customers who are regular and purchase the products in bulk. There are different forms of Net D terms for example Net 10, Net 15, Net 30 & Net 60. These are forms of trade credits which specify that the net amount i.e. outstanding of the invoice, is expected to be paid in full & received by the seller within 10, 15, 30 or 60 days after the goods are dispatched or service is completed. Net 30 or net 60 terms are often used with credit for early payment.
Interesting WooCommerce doesn’t have a good ready-made plugin to facilitate the above functionality & hence it is important to create a custom WooCommerce plugin to provide that specific functionality. Let’s take an example of customizing WooCommerce to facilitate Net30 payment terms.
WooCommerce is a WordPress plugin and it helps in attracting more customers towards your website and boosts sales. If you have an eCommerce WordPress website and want to boost its web presence, WooCommerce development is definitely the way forward.
To place an order for WordPress WooCommerce Net D terms plugin, please send us a request here.
We provide complete support for this plugin in terms of installation as well as any additional customization requests based on your business needs.
WRITTEN BY: Jeegnasa Mudsa
Jeegnasa Mudsa is Executive Director at CMARIX Technolabs Pvt. Ltd. a leading eCommerce development company with 15+ years experience. A blend of true Engineer and…
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