A deferred product is a good way to accept early commitment for a product but only collect payment later when it begins (e.g. your business is not allowed by law to collect payment before it starts). For example, if you sell courses that begin in September, but you accept early registration from July. You can create a deferred product by following the steps below.
The customer browsing your site will see the dummy product for sale and adds it to cart. During checkout, they will be prompted to enter their credit card details. Since the amount is $0.00, they will not be charged, but their payment information will be kept in the system. When the actual product is due following the configured deferred date, the Storefront will automatically generate a new order and attempt to charge the customer's payment for the amount due.
Alternatively, if you're simply accepting new orders over the phone, you can also create a deferred order by marking the order as "Preordered" with a future Order date. Please see Preorders for more information.
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