Installments Overview

The Installments service allows you to offer card-based installments. These installment payments are provided by participating issuing banks to their customers.

An installment payment is one in a series of payments that constitute a single purchase of goods or services. They are billed to a customer in multiple transactions over a period of time agreed to by you and the customer. The agreement enables you to charge a specific amount at specified intervals. For example, a single purchase can be paid over a 3, 6, or 12-month period depending on the plans set up by the issuing banks.

The customer's credit or debit card statement reflect the installment amount instead of the full purchase amount.

Installments services are processed using one of these payment identifiers:

In addition to the customer's payment information, selecting and canceling an installment plan also requires one of these authorization transaction IDs: