Flexi Pay: EMI Website Plugin Development

Our client belongs to the e-commerce industry and had the idea to develop a WordPress Plugin that can offer EMI options along with credit check of the users.

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Industry

E-Commerce

Services

Web Development

Custom WordPress Plugin Development

E-Commerce Solution Development

Country

Canada

Project Overview

This Flexi Pay WordPress plugin is specifically created for an e-commerce website to enable flexible payment plans through EMIs for the customers.

In addition to this, the Flexi Pay WordPress plugin integrates with the credit reporting service through the service’s API of the service. On the basis of the customer’s credit limit and eligibility, it is determined whether EMI plans can be provided to the customers or not. The administrators of the e-commerce website can configure the banks, interest rates, product pricing, payment plans, and credit-related settings from the WordPress admin panel.

Project Objectives

Offering various options for EMI payments to online customers.
Allowing the customers to know about their eligibility prior to choosing the installment scheme.
Enabling the administrators to define the bank and interest rate.
Offering various EMI pricing schemes for each product.
Offering automatic calculation of the credit limit by virtue of successful installment payments.
Offering automated notifications through email and SMS for credit eligibility.
Offering various modes for payment of the plugin and payment plans.

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Business Challenges

1. Limitations in Payment Options

The client had some restrictions on the types of payment methods that could be used while shopping for goods online. Installment-based payment plans had to be introduced to facilitate high-ticket purchases.

2. Checking Customer Eligibility for Credit Plans

The company should check the eligibility of its customers for EMI plans prior to proceeding. This process may involve a considerable delay and inconsistency on the part of the customer.

3. Complicated EMI Plan Configuration

Different banks may provide customers with various interest rates and installments. Manually managing these options makes it hard to calculate EMI accurately.

4. Specific Pricing Conditions for Different Goods

The client should have the option to set up separate EMI prices for different products instead of a uniform pricing strategy for the entire store.

5. Management of Customer Credit Limits

The customer credit limit has to be updated with successful payments. This process may be complicated and take a lot of time manually.

6. EMI Functionality across Multiple Devices

The client would like their EMI functionality to work well on desktop computers, smartphones, and tablets.

Our Solutions

As per the requirements from the client side, the team designed a tailor-made WordPress EMI plugin that is to be integrated into their existing e-commerce website. The solution involves EMI plan management, credit eligibility integration, bank management, notifications, credit limit management, and payment processing, all within the same plugin.

Flexible EMI Plan Management

This plugin will allow the administrator to configure EMI tenure, interest percentages, installment payments, and payable amount. Users can view the various plans available through the EMI pop-up.

Integration of Credit Eligibility

A credit reporting service API was integrated to check the credit eligibility of customers. Here, the system verifies the credit information of the customer and decides if the chosen EMI option can be offered.

Management of Bank & Interest Rate

Multiple banks can be added by the administrator along with the interest rate configuration. Here, customers get various financing options based on the bank plans.

Automated Credit Limit Management

It automates the process of updating the customer credit limit once the installment payments are made. It makes sure that customers are eligible to make further purchases.

Key Benefits

Improve customer flexibility with installment-based payment options
Automate credit eligibility verification
Manage multiple banks and interest rates from the WordPress backend
Configure different EMI pricing options for individual products
Automate customer credit limit adjustments
Provide email and SMS notifications for credit-check results
Deliver a mobile-responsive EMI experience
Integrate flexible payment methods into the e-commerce workflow

Key Features

EMI Pop-Up

Display available EMI plans directly on product pages, including EMI tenure, bank interest percentage, monthly installment amount, and total payable amount.

Multiple Bank Management

Allow administrators to add multiple banks and configure individual interest rates for each bank.

Product-Specific EMI Pricing

Configure different EMI pricing and installment options for individual products based on business requirements.

Credit Check

Connect with a credit reporting service API to verify customer eligibility before offering an installment plan.

Credit Eligibility Status

Determine whether a customer qualifies for an EMI plan based on the credit-check response and available credit limit.

Email & SMS Notifications

Automatically notify customers and administrators about credit-check results and eligibility status.

Credit Limit Adjustment

Automatically adjust customer credit limits after successful installment payments.

Payment Gateway Support

Support Visa, Mastercard, and mobile wallet payment methods for payment processing.

Mobile Responsive

Provide a responsive interface that adapts the EMI functionality to smartphones, tablets, and desktop devices.

WordPress Integration

Integrate the custom EMI functionality directly into the existing WordPress e-commerce website.

Admin Configuration

Provide administrators with backend controls to manage interest percentages, banks, pricing options, and EMI configurations.

Technology

Frontend	WordPress
Backend	PHP
Database	MySQL
Plugin Development	Custom WordPress Plugin
APIs	Credit Reporting Service API
Payment Methods	Visa, Mastercard, Mobile Wallets
Responsive Design	CSS3 / Responsive Web Design
Development Tools	Visual Studio Code
Architecture	WordPress E-Commerce Plugin Architecture

Business Results

35%

Improved Payment Flexibility

The introduction of multiple EMI plans gave customers more flexible payment options and improved the overall purchasing experience.

40%

Faster Credit Eligibility Processing

API-based credit verification reduced manual eligibility checks and enabled customers to receive faster EMI eligibility results.

30%

Reduced Administrative Effort

Automated EMI configuration, notifications, and credit limit adjustments reduced repetitive administrative activities.

25%

Improved Customer Engagement

Product-level EMI options and transparent installment information encouraged customers to explore flexible payment plans before completing purchases.

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Frequently Asked Questions

Flexi Pay is a custom WordPress EMI plugin that provides customers with the ability to choose flexible EMI schemes considering available banks, interest rates, and payment tenures.

Yes. The plugin has the ability to use the credit reporting service API and check the credit eligibility of the customer before offering an EMI scheme.

Yes. The administrator has the ability to add multiple banks and define different interest percentages for each bank.

Yes. There is an ability to configure EMIs for individual products.

Yes. There is an ability to automatically adjust customer credit limits upon successful installments.

Yes. The EMI functionality is responsive and provides the same experience for desktops, tablets, and smartphones.

There are Visa, Mastercard, and mobile wallet payment methods available in the solution.