TBI Bank Credit Calculator - WooCommerce

The last word on the installment belongs to the bank, not your store

If the most expensive products in your Bulgarian store get visits and few orders, offering installments looks like the logical step. Adding the installment next to the price looks like a design change, but what you place there is a figure that depends on someone else.

If your terms, your monthly cost and your minimum amount do not match what was agreed, the store shows an installment that may not match the bank figure. That is why this plugin is set up with the contract at hand, not with whichever settings look best.

TBI Bank Credit Calculator, by MrejaNet, adds a credit calculator and a TBI Bank payment method to WooCommerce for product credit in Bulgaria. It does not grant the credit: TBI Bank offers and approves it on its own terms, and the plugin integrates that process with the store.

What appears in the store

• Calculator on the product page and at checkout, active from the minimum price you set.
• Estimated installments close to the moment of the purchase decision.
• Your own text under the price of the product.
• TBI Bank as a payment method in WooCommerce, with a title, description and instructions for the customer.
• TBI Bank documents, with links to the information the bank gives you.
• Order data handed over to the credit process.

The settings that come from your contract

Several options are not store preferences, and it pays to have them agreed before opening the settings screen:

• Minimum price: the amount from which credit becomes active on the product page and at checkout.
• Monthly cost: a parameter agreed with the lender.
• Credit terms: you tick the available terms, in months.
• Insurance: you state whether the credit is insured and against which risks.
• Checkout fields: you choose which ones the customer must fill in to apply for credit.

What stays in the bank's hands

The installments shown are estimates and the credit decision belongs to TBI Bank. Whether an order can be paid this way depends on the contract rules, the amount, the products and the checkout setup. That is why specific limits are confirmed in advance.

It is worth saying so in the store itself. The text under the price and the customer instructions are good places to make clear that the installment is an estimate and that the bank still has to approve it.

Contract, bank data and store setup

You need an active contract with TBI Bank and valid technical data from the bank, plus WooCommerce. You also have to check which products and amounts qualify and how your customized checkout behaves.

The path is this:

1. Upload the plugin and activate it in the plugins section.
2. In the WooCommerce settings, open the SetUp link on the TBI Bank Credit row.
3. Tick the payment method activation and write its texts.
4. Fill in the minimum price, monthly cost, terms and insurance as agreed.
5. Add the document links and choose the checkout fields.
6. Run a test in a staging environment and coordinate production activation with TBI Bank.

If you have no contract with this bank

The plugin needs an active agreement with TBI Bank. Without one, there are two ways to split payment from within the store, and both differ from a bank credit.

Deposits & Partial Payments for WooCommerce Pro splits the price with deposits and payment plans. Credit checks are not among its features, and the risk of non-payment stays with you.

SUMO WooCommerce Payment Plans offers deposits, down payments and fixed or variable installments, with optional interest. Payments can be manual or automatic with Stripe or PayPal.

Questions before offering credit

Does the plugin grant the credit?

No. TBI Bank offers and approves it; the plugin integrates it with WooCommerce.

Does it work outside Bulgaria?

It is designed for TBI Bank credit products in Bulgaria.

Is the installment shown final?

No. It is an estimate, and the final decision rests with the bank.

Can I limit it to the most expensive products?

The minimum price field sets the amount from which it becomes active on the product page and at checkout.

Can I ask for only some details in the application?

Yes. In the settings you choose which checkout fields the customer must complete.

Can I go live without telling TBI Bank?

Production activation is coordinated with the bank, after testing in staging.