Trade-in is a common service which allows customers to get a significant discount when buying a new product, if they leave the old one to the seller as a part payment for the purchase.
Such deals are interesting both for stores whose business is to sell such goods, and for customers looking for an opportunity to save money.
The Trade-In module makes it possible to purchase goods with Trade-in discount.
How it works?
For example, a store sells new mobile phones, but also accepts used phones via the Trade-in system, giving the customer a discount on a new phone equal to the value of the old one.
There is a certain procedure for accepting a used product for its participation in a deal for the purchase of a new one. In particular, for a mobile phone, its IMEI number is to be checked.
After the product is approved by the system, the total amount in the order for the purchase of a new phone is updated with the Trade-in discount provided.
The specificity of this module is that the product and its model, provided by the buyer to receive a Trade-in discount for the purchase of a new product, are clearly defined and linked to the new product.
This module also allows to manage trade-in filters and groups, trade-in products and prices can be added either individually or in bulk via importing a file to the website. Also it is possible to delete or switch on/off trade-in products and prices either individually or in bulk. A trade-in order can be made either by a customer from the front end or by an administrator from the back end.
This module is used in the backend and on the front end and its settings can be found under Modules and Extensions tabs.
Widgets and pages:
Best trade-in price widget is added to this module. It is displayed on the product page and on the product listing page.