A customer can purchase items using the credit option if he/she is short of money at that time. Using this Credit Settlement feature, they can settle their credit bills as per the credit limit and credit days, which can be created and set by your store for the customer. When the settlement for credit bills is done by the customer, credit settlement is done! Customers can either settle the payment at one-time or take more than one time to settle.

Note: Credit Settlement is an add-on feature in ServQuick

Benefits Of Credit Settlement in ServQuick:

• As there are lots of payment options available for the customers, they don't have to carry cash every time. They can settle credit bills via Paytm, Google Pay, Debit cards, Phonepe.

• This feature allows customers to use their coupons and settle the credit bill. This highly satisfies the customers and increases their loyalty towards your store.

• You can set a credit limit for every customer based on the trust they have built with your store. For example: If the customer pays his/her credit bills without any delay, you can trust them and set a high credit limit for them. 

Steps to settle a Credit Bill in ServQuick

Step1: Go to Sales on the homepage

Step2: Choose the Credit Settlement option

-->The list of customers will be displayed along with the balance amount to be settled.

Step3: Choose the customer name who is going to settle the credit bill

--> The details of the invoice and payment due will be displayed for the selected customer.

Step4: Here, if the customer wants to do Credit Settlement completely, you can enter the balance amount and click on Pay

-->A pop-up box will be displayed with the message Paid.

Note: The completely settled credit bill will be removed from the Credit Settlement option

Step4: If this selected customer wishes to settle the credit bill partially, then you can enter the amount and click on Pay

--> Now the balance amount that is yet to be settled alone will be displayed for this customer.

By following these simple steps, your store can do Credit bill Settlement for any customer at anytime and improve the loyalty of your customers by giving them time to settle their bills. This feature surely will display your trust towards your customers!