> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fermion.app/llms.txt
> Use this file to discover all available pages before exploring further.

# Partial Payment Pricing Plans

> Learn how to set up and manage partial payment pricing plans for your courses or digital products, allowing students to pay in installments with flexible EMI options.

Fermion lets you add and manage multiple pricing plans for your digital products. You can setup a fixed pricing plan, which requires a one-time payment from the students, or you can setup a partial payment plan for your students which works like a custom-EMI plan.

In this documentation we will learn how you can setup a partial payment pricing plan for your courses or products.

<Warning>
  You can use the same flow to setup pricing for other products ([course bundles](/setting-up-course/bundle),
  [ebooks](/digital-products/introduction) etc). For simplicity, this documentation covers the setup flow for a course.
</Warning>

## What is a partial payment pricing plan?

Partial payment pricing plan is a type of pricing plan on Fermion where your students can pay you in installments instead of paying the entire amount in a single go.

After speaking with a lot of educators, we've realised that most of the students may not be able to afford course or product pricing, thus, you can setup a partial payment plan where you encourage your students to pay in installments.

You can also consider this as a custom-EMI plan since your students can pay you in installments. You can configure the EMI collection interval, minimum amount to pay, total cost and EMI options.

## Understanding terminologies

Before we figure out how to setup this pricing plan, there are a few things to understand. Let's go over them one by one:

* **Total cost of product:**

  This is the total price of your product or the final price the user will pay
  overall. All the EMIs you will be setting up should result as a sum equal to
  this number.

* **Minimum mandatory amount:**

  This is the mandatory amount that the user must pay upfront. User can pay
  more than this amount as well. Paying this amount will give user the access
  to product.

* **EMI collection interval:**

  You can set the interval in days, ie, when want the user to pay the next EMI
  if available.

## How does a partial payment plan work?

We've developed the core infrastructure to setup a custom-EMI based plan on products, at Fermion.

A partial payment plan or a custom EMI plan encourages students to pay the product fees in intervals.

<Warning>
  You can configure the entire installment plan as an instructor, including
  setting up the minimum amount to pay, the collection interval and the total EMIs
  required.
</Warning>

Let's understand this with an example. This is how a **4 installment plan** will work:

<u>
  Assume that the user pays the minimum mandatory amount: \$5 on November 19th,
  2024\. Then, their (4 installment) EMI plan becomes:{' '}
</u>

* Base payment of \$5 done on November 19th, 2024
* Installment #1 of \$1.25 to be paid on or before December 19th, 2024
* Installment #2 of \$1.25 to be paid on or before January 18th, 2025
* Installment #3 of \$1.25 to be paid on or before February 17th, 2025
* Installment #4 of \$1.25 to be paid on or before March 19th, 2025

## How to setup a partial payment pricing plan?

<Steps>
  <Step title="Head to the Courses tab">
    From your dashboard, go to the <b>Courses</b> tab.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/22%402x.jkyvqz.png" alt="Step 1" />

    <Warning>
      If you are setting the price for course bundles, ebooks, or other digital products, head over to their respective tabs.
    </Warning>
  </Step>

  <Step title="Select the course">
    On the courses page, select the course for which you want to set up the partial payment (EMI) pricing plan.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/19%402x.mhnqhl.png" alt="Step 2" />
  </Step>

  <Step title="Go to the Pricing tab">
    Click the <b>Pricing</b> tab from your course's landing page manager.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/35%402x.twioru.png" alt="Step 3" />
  </Step>

  <Step title="Select Partial Payment Plan">
    Click on the <b>Partial payment plan</b> option. This will expand additional configuration options.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/22%402x.fzbynt.png" alt="Step 4" />

    <ul>
      <li><b>Draft</b> state: Only you can see and edit the plan (not visible to students).</li>
      <li><b>Unlisted</b> state: Only accessible via direct API links, not shown on landing pages.</li>
      <li><b>Published</b> state: Functional and visible to students. Students can purchase via this plan.</li>
    </ul>
  </Step>

  <Step title="Configure the pricing plan">
    Set the following:

    <ul>
      <li><b>Total cost of the product</b> (overall price students will pay for the course)</li>
      <li><b>Minimum mandatory amount</b> (minimum upfront payment students must make to access the product; they can choose to pay more if they wish)</li>
      <li><b>EMI collection interval</b> (the number of days between required installment payments)</li>
    </ul>

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/58%402x.kluoac.png" alt="Step 5" />

    Default EMI options will be displayed based on your configuration. After setting these details, an installment plan will be auto-generated according to the user’s selection.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/08%E2%80%AFPM.bcvski.png" alt="Step 6" />

    <b>Example:</b>
    If a user opts for a 2-installment plan and pays the minimum mandatory amount (\$5 on November 19th, 2024), the schedule will be:

    <ul>
      <li>Base payment: $5 on November 19th, 2024</li> <li>Installment #1: $2.50 on or before December 19th, 2024</li>
      <li>Installment #2: \$2.50 on or before January 18th, 2025</li>
    </ul>

    If you want to create a custom installment (EMI) plan, click <b>Add another installment plan</b>.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/41%402x.zjqeyy.png" alt="Step 7" />

    Specify the installment count.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/15%402x.fbhnew.png" alt="Step 8" />

    Your new plan will be displayed. Make sure to click <b>Save changes</b> to update.

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/36%402x.mxfgin.png" alt="Step 9" />
  </Step>

  <Step title="Support multiple currencies">
    To allow your pricing plan to accept multiple currencies:

    <ul>
      <li>Click <b>Add a new currency</b>.</li>
      <li>Select the desired currency from the dropdown.</li>
      <li>Enter the price value in this currency.</li>
    </ul>

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/37%402x.jsyyob.png" alt="Step 10" />

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/23%402x.ddbyuc.png" alt="Step 11" />

    After adding, click <b>Add currency</b>. Your new pricing will appear as shown:

    <br />

    <img src="https://codedamn-website-assets.s3.us-east-1.amazonaws.com/uploads/19-11-2024/48%402x.ctrhcx.png" alt="Step 12" />
  </Step>
</Steps>

## Direct checkout links for partial payment plans

Fermion also allows you to share your partial payment plans directly with students through **direct checkout links**. This is especially useful if you want to integrate your checkout with an external website, email campaign, or social media promotion. By using direct checkout links, students can access the payment page for a specific plan immediately, without navigating through your course landing page.

For a complete guide on setting up and using direct checkout links, please refer to our [Direct Checkout Links](/custom-landing-pages/checkout-page-direct-links).

<Info>
  All the available installment plans are shown to your students and they can
  select one which fits best for them.
</Info>