Magento Deposit Payment
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IndiesWebs’ Deposit payment extension is a unique and useful module created for eCommerce stores enabled by Magento. Deposit payment extension allows the buyers to pay deposit or upfront payment for their orders and the rest of the amount can be paid later on in single or multiple installments as set by the admin of the store. An optional surcharge amount can be collected by the admin in return of providing this easy shopping facility to the buyer. Deposit payment extension supports manual payment or automatic deduction by the admin.

A full list of features of this extension is given below: Admin

customer can deposit certain percentage of the whole order first or it can be a specific amount set by the admin. For example 30% of the total amount to be deposited.
Deposit payment extension can be set for the particular products.
Admin can set the brand label to this module and according to that it will display at Front-End.
This module is compatible with all major payment methods and gateways. We can customize this extension for special gateways.
The second and each next installment can be paid by user from their “My Account” section or it can be set as auto capture by admin.
Admin can set the number of installments to provide the customer. It can be either two (first and the rest of the amount) or it can be fixed or flexy.
Payment in installments facility will increase returning customers for your store as well as customers will be encouraged to buy multiple products at once instead of one product at once due to the relaxation in payment method.
Facility to get Carbon copy of each email to be send to the customers. This can be configured from Main configuration.
Email will be automatically send for Order Confirmation (when buyer purchases any product), Installment Reminder (Reminder email for next installment) and Installment confirmation (when buyer pays next installment)
Deposit payment can also be limited to whole cart price total having more than x amount of price.
Admin also can set the number of days, weekly, or monthly payment system for customer to pay the rest of the price of the product he/she bought.
Admin will have discount calculation option to deduct discount from first installment or distribute that discount equally in all installments.

Deposit payment module can become a great feature for an eCommerce store where it is beneficial for both customers as well as store owners. It is available in multiple upgrades and updated versions.