What Are Deposits at Checkout?
Deposits at checkout enable Shopify merchants using B2B features to collect a percentage-based deposit on orders. This deposit is calculated based on the order subtotal and helps businesses secure upfront payments.
How It Works
Merchants can set up deposits for specific company locations. The deposit configuration applies universally to all orders tied to that location, ensuring consistency and clarity.
Configuring Deposits in Shopify
- Navigate to the company location within the Shopify Admin.
- Click on “Edit payment terms” within the Customizations card.
- Check the “Require deposit on orders created at checkout” box.
- Enter the desired percentage for the deposit amount.
Managing Payment Terms
The remaining balance’s due date is determined by the payment terms assigned to the company location. Customizing these terms ensures flexibility in financial agreements with your customers.
Learn More
To dive deeper into using deposits at checkout, visit the Shopify Help Center. Enhance your B2B operations and streamline your payment collection process today.