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Payment Acquirer PayLater

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Technical Name payment_paylater
License OPL-1
Also available in version 17.0 16.0
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Technical Name payment_paylater
License OPL-1
Also available in version v 17.0 v 16.0

Introduction

This module empowers businesses with a “Buy Now, Pay Later” payment option, allowing customers to complete purchases immediately and settle their balances at a later date. Administrators can allocate pay-later credit limits to customers, monitor pending dues, and configure flexible payment schedules—promoting higher conversion rates and improving checkout experience with minimal setup.

Key Features

  • Add pay-later as a payment method during checkout, enabling deferred payment

  • Grant customer-specific or global credit limits for pay-later usage

  • Auto-deduct available credit when customers make pay-later purchases

  • Track customer pay-later transactions and outstanding balances in the backend

  • Automatically replenish credit limit upon successful payment

  • Configure penalties or restrictions for overdue pay-later payments

Benefits

  • Reduces cart abandonment by providing flexible, delayed-payment options

  • Increases customer satisfaction and loyalty through flexible finance choices

  • Enhances sales opportunities via pay-later incentives

  • Simplifies credit management with automated tracking and reconciliation

  • Supports smoother workflows with transparent customer credit control

Compatibility & Technical Details

  • Technical Name: payment_paylater

  • Required Modules: Payment Acquirer framework integrated with eCommerce or point-of-sale systems

  • License: LGPL-3 (or similar open-source license)

  • Installation Steps:

    1. Ensure the Payment Acquirer framework and necessary transactional modules are installed.

    2. Install the payment_paylater module to enable deferred payment workflows.

    3. Assign pay-later credit limits and enable the pay-later option in relevant sales channels (eCommerce, invoices, etc.).

Odoo Proprietary License v1.0
This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.