Estimated delivery adds a line to the widget, like "Ships by 12 March" or "Ships in 2 to 3 weeks".
Badge adds a label, like "Deposit", on top of the product image.
Where to find it
Depositly → Purchase options → your offer → Appearance → Estimated delivery and Badge
Show estimated delivery
Open your offer and go to Appearance.
Turn on Show estimated delivery.
Under Show as, choose Specific date and pick a date, or Custom message and type your text.
Click Save.
Show a badge
On the Appearance tab, turn on Show badge.
Enter the Badge text.
Choose the Position on the image.
Click Save.
Badge colors are set in Customize. You can also choose to show the badge on your home page, collection pages and product pages.
Good to know
Estimated delivery and the badge aren't available on cart offers, because there is no product page to show them on.