Credit & Payments · Module 3.2 Module 3.2 NEW

Company Credit & Net Terms

Extend trade credit to B2B buyers with configurable payment terms (Net 7–90), real-time balance tracking, and automated overdue management.

Credit Limits Per Company

Set a dollar/currency limit per company. Orders are blocked or flagged when the limit is reached.

Net 7 → Net 90 Terms

Six configurable payment terms. Set a global default or override per company.

Real-Time Balance Tracking

Every order placed charges the balance. Every payment recorded restores it. Live utilisation percentage always visible.

Overdue Management

Configurable reminders at 7, 14, 30 days. Optional interest charges. Block new orders when past due.

Full Transaction History

Charges, payments, manual credits, refunds — all timestamped and auditable.

Partial Payments

Allow customers to pay a minimum percentage of their balance, configurable per company.

Setup

Key Settings

SettingDescriptionDefault
Default Credit LimitStarting limit for new accounts. Set 0 to require manual setup per company.$0
Default Payment TermsNet 7 / 14 / 30 / 45 / 60 / 90 daysNet 30
Block When OverduePrevent new orders when balance is past dueOff
Enable InterestCharge interest on overdue balances (configurable %)Off
Require Approval AboveOrders above this amount need admin approval before credit is chargedNone
Partial Payments Min %Minimum percentage of balance required for partial payment10%

Frequently Asked Questions

The module adds a "Company Credit" option to WooCommerce checkout. Eligible users select it and the order total is deducted from their company's available credit balance instantly. No actual card processing — it's an internal ledger.

Net 7, Net 14, Net 30, Net 45, Net 60, and Net 90. Default is Net 30. Override per company from the company Credit tab.

Checkout is blocked with a clear message. You can optionally require admin approval for orders above a threshold rather than blocking outright.

Yes. Go to Company Account → Credit → Add Transaction → Payment. Enter the amount and a reference note. The balance updates immediately.