10 Best WooCommerce Wallet Plugin (2025 Review)

Shoppers expect more than a credit card checkout. They want wallets, store credits, and Buy Now Pay Later (BNPL) options built into your WooCommerce store. If you don’t offer these, you’re leaving conversions and repeat orders on the table, and the numbers back it up: 

BNPL transactions are projected to cross $680 billion globally by 2025, while store credit systems continue to dominate customer retention strategies. 

For WooCommerce merchants, this means one thing: adding a WooCommerce wallet plugin or WooCommerce payment plan plugin isn’t optional anymore.

In this review, we break down the 10 best WooCommerce wallet and payment plan plugins for 2025. Each plugin is analyzed for features, pros, cons, pricing, and best-fit use cases.

What to Look for in a WooCommerce Wallet Plugin 

When evaluating the WordPress eCommerce wallet plugin in 2025, these are the non-negotiable criteria. Use this as a checklist.

1. Compatibility with modern WP / WooCommerce stack

• Must support WooCommerce 8+ / WooCommerce HPOS & block cart/checkout architecture. (TeraWallet added HPOS support in version 1.5.2) 
• Latest PHP compatibility.
• Support multisite where needed. 

2. Core wallet capabilities

• Top-up/deposit funds via multiple payment gateways. 
• Refund to wallet rather than external refund.  
• Partial payment / split use of wallet + external method at checkout. 
• Transaction history export/audit for admins and users.  

3. Installment / BNPL / payment plan engine

• Automatic recurring billing on schedule (not manual reminders). (Payment Plans WC supports automatic rebilling) 
• Mixed payment options: Allow both full payment and installment on the same product
• Compatible gateways: Must integrate with major gateways (Stripe, PayPal, etc.) for scheduled charges. 
• Email reminders, failure handling (retries), recalculation flexibility. (Payment Plans WC supports automatic email reminders, failed payment rebilling) 

4. Security & update hygiene

• Patches for known vulnerabilities. (TeraWallet had a vulnerability patched: up to version ≤1.4.10 had missing authorization in export; fixed in 1.4.11) 
• Frequent updates, changelogs, transparency. 

5. Scalability & performance impact

• Lightweight architecture (not too many hooks slowing checkout).
• Asynchronous tasks (for refunds, transfers) where possible.
• Caching compatibility, minimal queries per user session.

10 Top WooCommerce Wallet Plugin Options in 2025

Here are the top ten WooCommerce wallet plugins that can enhance your eCommerce workflow significantly

TeraWallet (Wallet for WooCommerce)

Overview

TeraWallet (formerly “WooWallet”) is a top-rated wallet plugin for WooCommerce. It provides users the ability to deposit funds, make purchases using wallet balance, get cashback, transfer funds, and receive refunds to wallet. 

Key Features

• Deposit / top-up funds via selected payment gateways. 
• Partial payment: combine wallet + external payment method for a single order. 
• Cashback rewards: configure cashback per product, category, or cart amount (fixed or percentage).
• Refunds back to wallet (instead of external refund). 
• User-to-user wallet transfers. 
• Exportable transaction logs / audit trail. 
• Support for WooCommerce Subscriptions, block cart/checkout, multivendor marketplace compatibility (Dokan, WC Marketplace) 
• REST API endpoints for wallet operations. 
• Multisite support; multi-currency support (via currency switchers) 
• Recent version enhancements: date range filter in transaction list, updated settings panel UI, wallet top-up toggle, PHP warning fixes. (v1.5.12 – Aug 2025) 

Pros

• Rich feature set in free core; many wallet + cashback + refund flows available without requiring add-ons.
• Active maintenance and updates. (Last update: v1.5.13 – Aug 21, 2025) 
• Ideally suited for stores needing wallet + cashback + partial payments in single plugin.
• Marketplace / multivendor compatibility (Dokan, WC Marketplace) for vendor wallets. 

Cons / Risks

• Historical vulnerabilities: versions ≤ 1.5.0 had a stored cross-site scripting (XSS) vulnerability exploitable by shop manager roles. 
• Some features (withdrawal, advanced affiliate wallet functions) require premium extensions. 
• UI & settings may overwhelm non-technical users due to options galore.
• Because it attempts to do many things, the conflict risk is higher with other complex plugins (especially marketplace or subscription plugins).

Pricing & Licensing

• Core plugin is free on WordPress.org. 
• Premium extensions (Wallet Withdrawal, Wallet Importer, AffiliateWP integration, Wallet Coupons) sold separately. 

Best For (Use-Case Fit)

• Stores that require a full wallet system plus cashback and flexible partial payments.
• Shops running multivendor setup (needs vendor commissions/wallet flows).
• Teams with development capacity to extend or adapt edge cases or integrations.

WooCommerce Account Funds – Official WooCommerce Wallet Plugin

Overview

WooCommerce Account Funds is the official WooCommerce wallet plugin from the WooCommerce marketplace. It lets customers pre-deposit funds into their account and use that balance for purchases, simplifying repeat transactions and refunds. 

As it’s maintained under the WooCommerce brand, compatibility and update reliability are high.

Key Features

• Customers can deposit funds into their account balance.
• Balance display on “My Account” page and during checkout.
• Full or partial payments using account funds.
• Refunds to funds rather than to payment gateway.
• Merchants can apply discount incentives (e.g., 5% off if order paid with funds).
• Detailed reports for admin on deposits and usage.
• Direct integration with WooCommerce Subscriptions and other core Woo plugins.

Pros

• Built and maintained by WooCommerce team → native integration and official support.
• Reliable update schedule synced with WooCommerce core releases.
• Streamlined UI and settings compared to third-party plugins.
• Directly compatible with official extensions (Subscriptions, Bookings, etc.).

Cons / Risks

• Paid extension.
• Less feature-rich than other wallet plugins like TeraWallet (no cashback, user transfers, withdrawals).
• Limited flexibility: geared towards fund deposits and checkout usage only.
• Annual licensing cost higher compared to CodeCanyon or free plugins.

Pricing & Licensing

• $89/year for a single site license on WooCommerce.com marketplace. 
• Includes 1 year of updates and official WooCommerce support.

Best For (Use-Case Fit)

• Merchants who prioritize official compatibility and support over advanced features.
• Stores that want a simple, stable wallet solution directly integrated into WooCommerce core.
• Businesses running other WooCommerce official extensions (Subscriptions, Bookings, Memberships) and want guaranteed compatibility.

YITH WooCommerce Account Funds

Overview

YITH WooCommerce Account Funds provides a wallet-style credit system for customers. Users can deposit money into their account, spend it on purchases, and even get discounts when using funds. As part of the YITH ecosystem, it integrates tightly with other YITH extensions such as multi-vendor and subscriptions.

Key Features

• Customers can deposit funds into their account balance. 
• Partial or full checkout payments with funds.
• Discounts or incentives for paying with funds (percentage or fixed).
• Admin controls to manage balances, deposits, and refunds.
• Email notifications for fund updates and low balance alerts.
• Compatible with YITH WooCommerce Multi Vendor, Subscriptions, and other YITH plugins.
• Full reporting for tracking customer funds.
• Tested with WooCommerce 8.3+ and WordPress 6.6+ as of 2025.

Pros

• Deep integration with the YITH plugin ecosystem (ideal if you already use YITH Subscriptions, Memberships, or Multi Vendor).
• Incentive tools built in (discounts for paying via funds) can boost wallet adoption.
• Clean user interface for both admin and customers.
• Regular updates, fully tested with current WooCommerce releases.

Cons / Risks

• No free version; commercial license only.
• Requires annual subscription → ongoing cost.
• Feature scope narrower than TeraWallet or WP Swings wallet (no transfers, withdrawals, or cashback).
• Best value only if you’re already in the YITH ecosystem; otherwise may feel restrictive.

Pricing & Licensing

• $79.99/year for a single site license. Includes 1 year of updates and YITH premium support. 

Best For (Use-Case Fit)

• Stores already running YITH plugins and want seamless compatibility.
• Merchants who want fund deposit + checkout discount system without the complexity of advanced wallet features.
• Owners focused on boosting repeat sales and loyalty via store credits.

Wallet System for WooCommerce (by WP Swings)

Overview

Wallet System for WooCommerce, developed by WP Swings (formerly MakeWebBetter), is one of the most feature-rich wallet plugins available. It enables store owners to let customers deposit, store, and spend funds directly within WooCommerce. Beyond basic wallet features, it supports partial payments, cashback rewards, transfers, and seamless integration with subscriptions. (wpswings.com)

Key Features

• Add funds to wallet via multiple gateways.
• Full or partial payment at checkout.
• Cashback rewards directly credited to wallet.
• Wallet-to-wallet transfers between customers.
• Refunds issued directly to the customer’s wallet.
• Admin can credit/debit balances manually.
• Works with WooCommerce Subscriptions and WooCommerce Memberships.
• Shortcodes and widgets for wallet balance display.
• Compatible with WordPress 6.6+ and WooCommerce 8.3+ (verified 2025).

Pros

• Comprehensive feature set beyond simple wallet functionality.
• Cashback and transfer options encourage customer retention.
• Flexible payment system (partial, full, or wallet + gateway mix).
• Active support and regular updates from WP Swings.

Cons / Risks

• Heavier plugin compared to leaner wallets; potential for bloat.
• Initial setup requires configuration due to many options.
• No free version with all advanced features; premium is required for cashback and transfers.

Pricing & Licensing

• Free version available at WordPress.org (basic wallet).
• Pro version starts at $79/year (single site license). Includes advanced features like cashback, transfers, and refunds. (wpswings.com)

Best For (Use-Case Fit)

• Stores seeking a full-fledged digital wallet system.
• Merchants who want cashback incentives and customer-to-customer wallet transfers.
• WooCommerce sites offering subscriptions, memberships, or recurring payments.

WooCommerce Wallet (by CodeCanyon)

Overview

Available on CodeCanyon, WooCommerce Wallet is a premium-only WooCommerce wallet plugin that brings a built-in wallet system to WooCommerce stores. Customers can add funds, pay via wallet, and receive refunds directly into their account balance. 

Unlike free alternatives, it focuses on simplicity and reliability while still offering wallet transfers and cashback rewards. 

Key Features

• Customers can deposit funds using supported gateways.
• Pay via wallet balance for WooCommerce orders.
• Wallet-to-wallet transfers between registered users.
• Admin can credit/debit balances manually.
• Refund to wallet option for order returns.
• Cashback rewards with configurable percentage or fixed values.
• Email notifications for transactions and balance updates.
• Works with WooCommerce 8.3+ and WordPress 6.6+ (verified 2025).

Pros

• One-time purchase model, no recurring license cost.
• Solid mix of core wallet functions (funds, transfers, cashback).
• Clean, user-friendly interface for both admin and customers.
• CodeCanyon support includes updates for the purchased version.

Cons / Risks

• No free version available for testing.
• Feature scope smaller than WP Swings Wallet (no subscription/membership integration).
• Reliant on CodeCanyon’s update cycle, not as frequent as dedicated plugin shops.

Pricing & Licensing

• $49 one-time fee on CodeCanyon.
• Includes 6 months of developer support (extendable to 12 months). (codecanyon.net)

Best For (Use-Case Fit)

• Store owners who want a simple wallet solution without subscription costs.
• Businesses needing wallet transfers + cashback in a budget-friendly package.
• Sites that prefer lifetime license over annual renewals.

WooCommerce Wallet Management (by Webkul)

Overview

WooCommerce Wallet Management by Webkul is an enterprise-grade wallet plugin built for merchants who want advanced control over digital wallet operations. It allows customers to top up their wallets, use balance for purchases, and request refunds directly into their wallet. 

This wallet WooCommerce plugin includes unique admin tools for wallet adjustment, transaction history, and multi-vendor marketplace compatibility. 

Key Features

• Customers can add funds through multiple gateways.
• Full or partial checkout payments via wallet balance.
• Admin can credit/debit wallet balances manually.
• Refunds to wallet supported for faster resolution.
• Transaction history log for both admin and customers.
• Customers can transfer funds to other users.
• Multi-vendor marketplace compatibility (Dokan, WC Vendors, Webkul’s Multi Vendor).
• Shortcodes/widgets for wallet balance display.
• Verified compatibility with WordPress 6.6+ and WooCommerce 8.3+ as of 2025.

Pros

• Built by Webkul, known for enterprise and marketplace extensions.
• Strong multi-vendor integration support, useful for marketplace owners.
• Detailed transaction logs increase transparency.
• Regular updates with focus on scalability and large stores.

Cons / Risks

• No free version; commercial license only.
• Heavier and more complex than lightweight wallets (longer learning curve).
• Lacks cashback rewards natively (requires customization or add-ons).

Pricing & Licensing

• $59 for a regular license (1 site).
• Includes 6 months of support (extendable to 12 months).

Best For (Use-Case Fit)

• Marketplace websites using multi-vendor WooCommerce plugins.
• Enterprise-level stores needing robust WooCommerce wallet controls.
• Merchants requiring a transparent, admin-friendly transaction log system.

Payment Plans for WooCommerce 

Overview

Payment Plans WC is a plugin for WooCommerce focused on Buy Now, Pay Later (BNPL) and installment payment options. It enables automatic recurring payments, email reminders, and supports many payment gateways. 

Key Features

• Full or partial payment plans for products. 
• Automatic recurring billing/rebilling on failed installment payments. 
• Works with 30+ payment gateways (Stripe, PayPal, Amazon Pay, etc.). 
• Mixed product options: allow products to be available for either a one-time purchase or via installment. 
• Scheduled payments: weekly/monthly / custom schedules. 
• Email notifications for upcoming payments and failed payments. 
• Version 1.6 (beta) introduces independence from WooCommerce Subscriptions and adds manual order system for managing renewals. 

Pros

• Strong fit for stores needing BNPL / installment engine.
• Automatic handling of recurring installments reduces admin work.
• Frequent improvements (e.g. subscription independence).
• Good gateway compatibility.

Cons / Risks

• Earlier versions required WooCommerce Subscriptions. 
• Complexity: configuring schedules and mixed-product offerings can be technical.

Pricing & Licensing

•  $79.99/year for single site (Basic plan). 
• Higher tier (multi-site or agency) license also available. 

Best For (Use-Case Fit)

• Stores selling higher-price products where customers resist paying full price up front.
• Merchants wanting BNPL or installment plans without external financing providers.
• Businesses with subscription or membership models moving toward installment flexibility.

myCred

Overview

myCred is a loyalty, points & rewards, and WordPress gamification plugin that offers WooCommerce integration framework. With myCred addons, it lets customers earn or assign points, redeem them for discounts or coupons, and even pay with points. 

Key Features

• Earn points for orders, first orders, product reviews, referrals, etc. 
• “Pay with myCred” gateway: use points as payment method instead of money (not mixed). 
• myCred WooCommerce Plus: gives coupons when users hit ranks/badges, restrict some products by ranks, partial payments using points. 
• Points history visible; manage add-ons. 
• Compatibility with WooCommerce blocks checkout (myCred gateway as payment option) and other modern WooCommerce components.

Pros

• Flexible loyalty system with many earning triggers.
• Points as a payment gateway gives good engagement/retention.
• Strong add-on ecosystem allows building toward partial payment behavior.
• Regular updates; fairly mature plugin.

Cons / Risks

• “Pay with points” cannot be mixed with other payment methods (must pay fully via points or via money). 
• Points value/conversion requires careful setup to avoid losses or abuse.

Best For (Use-Case Fit)

• Stores looking to gamify purchases, increase user engagement and loyalty.
• Businesses where points systems complement wallet/store credit systems.
• Sites that want partial vs full reward points rather than full WooCommerce wallet functionality.

SUMO Reward Points

Overview

SUMO Reward Points is a comprehensive points & rewards plugin for WooCommerce. It enables earning / redeeming points for various actions (purchase, signup, reviews, social actions), points expiry, nomination features, and purchasing/redeeming points.

Key Features

• Points for purchases, reviews, referrals, social shares. 
• Points expiry; controlling product/category level inclusion/exclusion. 
• “Buy points” option; encashing points; send points to other members. 
• Integration with WPML; translation ready. 
• Redeem points option at checkout; strict point pricing options. 
• Regular updates (version 31.8.0 as of September 2025) with pro features unlocked. 

Pros

• Very feature-dense for loyalty/points programs.
• Wide range of earning mechanisms increases user interaction.
• Recent update implies active maintenance.
• Good control over rules (expiry, category/product inclusion).

Cons / Risks

• Not a wallet system: points need conversion/redemption rather than holding “funds” in an account for arbitrary spending.
• Complexity of rules: misconfigured earning or redemption rules can cause unexpected costs or user dissatisfaction.
• Support and quality of integration with newer WooCommerce major releases need verification per user case.

Best For (Use-Case Fit)

• Stores wanting a loyalty reward points system rather than a full wallet/store credit.
• Merchants who want to reward multiple engagements beyond purchases (reviews, social).
• Brands aiming to increase repeat purchase behavior via points accumulation.

Smart Coupons and Advanced Coupons 

Overview

Smart Coupons (by StoreApps/WooCommerce) and Advanced Coupons are coupon, voucher, and store credit systems. They add gift certificate functionality, store credits, bulk coupon generation, auto-apply coupons, and advanced coupon rules. They act partially as wallet substitutes where store credit or gift card/credit usage is key. 

Key Features

• Gift certificates / store credit issuance; customers or admin can send store credit. Bulk coupon generation, import/export. 
• Auto-apply coupons, schedule coupons, and URL coupons. 
• Store credit usable toward subscription renewals (if credit exists). 
• Coupon restrictions (product/category level), expiry, and usage limits. 

Pros

• Well-tested, relatively stable plugin; widely used.
• Good for store credit/gift card flows; strong coupon management.
• Integrates with subscriptions for recurring orders when credit is available.

Cons / Risks

• Not a true wallet: store credit/coupons are more constrained than full wallet systems (limited transfers, no balance top-up in many cases).
• Using credit/coupons in renewals depends on the gateway/credit balance and potential gaps. 
• Mixed payment methods with store credit/coupons may need manual logic or be limited.

Best For (Use-Case Fit)

• Stores where gift cards, discount vouchers, and store credits are primary levers for sales.
• Merchants who want coupon-heavy promotions, scheduled offers, and auto-applied discounts.
• Businesses looking to reduce reliance on wallet plugins but needing credit/gift voucher functionality.

Real User Reddit Insights on WooCommerce Wallet Plugin

1. Security concerns with wallet plugins/deposits

“A lot of people warned me not to use the wallet system? … people said that it might have some security issues.”
Users worry about how deposits/top-ups are handled, whether funds are actually stored or just tracked as internal ledger entries, whether endpoints are secured.

2. Store credit / wallet plugin miscalculations / mixed usage issues

“Smart Coupons for a while now … discovered an intermittent issue where it has been miscalculating credits on order (applying them both as a ‘coupon’ and as store credit).” Reddit
Users expect wallet/store credit and coupon combinations to work correctly, but often encounter bugs, such as double applications or incorrect order totals.

Best Use-Cases & Recommendations for WooCommerce Wallet Plugin

Choosing the right WooCommerce wallet plugin depends on your store type, customer needs, and growth strategy. Based on verified features, Reddit insights, and 2025 plugin updates:

1. General Wallet or Store Credit

• Best Picks: TeraWallet, WooCommerce Account Funds
• Why: Lightweight, stable, official ecosystem integration. Perfect for stores that just need customers to preload funds or get simple refunds.

2. BNPL / Installment Plans

• Best Picks: Payment Plans, Wallet System by WP Swings
• Why: Both support Buy Now Pay Later (BNPL) and installment scheduling. Payment Plans WC is purpose-built for installment engines, while WP Swings offers BNPL as part of a larger wallet solution.

3. Loyalty + Gamification

• Best Picks: myCred
• Why: If you want to reward actions (purchases, signups, referrals) and let users redeem points like a wallet balance, these are unmatched. myCred gamification hooks keep repeat customers engaged.

4. Official Ecosystem Compliance

• Best Pick: WooCommerce Account Funds (by WooCommerce.com)
• Why: Native to WooCommerce, minimal compatibility risks, official updates. Best for stores that want low-risk, official support.

Ending Note 

A resourceful WooCommerce wallet plugin turns browsers into buyers and buyers into loyal fans. It’s that simple. By streamlining payments and offering modern conveniences like BNPL and gamified rewards, these tools eliminate the friction. But here’s what matters most: choosing a solution that’s fast, secure, and built to scale with your business. And for that, Payment Plans is your safest bet.