Installment Payments

An installment payment is a single purchase of goods or services 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.

Installments Service for Installment Payments

Do not use this document if you are using the Installments service. When using the Installments service,
Cybersource
saves and stores payment credentials for installment transactions, ensuring compliance with COF best practices.

Customer-Initiated Installment Payments with PAN

An installment payment is a single purchase of goods or services billed to a customer in multiple transactions over a period of time agreed to by you and the customer, and sometimes, the issuing bank. The agreement enables you to charge a specific amount at specified intervals. For customers, installment payments provide greater purchasing power and lower impact on their monthly budget. For you, offering installment payments at checkout can help increase the number of successfully completed purchases.
Before you can accept installment payments, you and your acquirer must agree on the maximum number of installments you can accept, which can be different for each card type.
In Brazil, installment payments are also known as
parcelados
and
parcelas
.
Do not use this document if you are using the Installments service. When using the Installments service,
Cybersource
saves and stores payment credentials for installment transactions, ensuring compliance with COF best practices.

Installment Payment Types

Visa Platform Connect
enables you to process installment payments but does not have a role in setting the terms for the installment plan.
Visa Platform Connect
enables you to process these types of installments payments:
Issuer-Funded Installment Payments
The customer pays for goods or services using an installment plan agreed upon by the customer and their issuing bank. The issuer controls how the customer's account is debited. Your account is credited for the entire amount in a single transaction. The issuer assumes the risk and establishes credit rates and fees that are charged to the customer. The customer pays the funding cost, which is a fee for paying in installments. In Brazil, a
Crediario
is a special type of issuer-funded installment payment plan that enables the customer to request information about the terms of the installment plan before approving the installment payments.
Merchant-Funded Installment Payments
The customer pays for goods or services using an installment plan agreed upon by you and the customer. The issuer controls how the customer's account is debited. Your account is credited periodically for partial amounts as the customer's account is debited. You assume the risk and establish the credit rate and fees that are charged to the customer.
Co-Branded Merchant Financed Installment Payments—Brazil Only
You and the issuer determine the terms for this kind of installment plan. The funding varies depending on the agreement between you, the issuer, and the customer. This funding method is available only for Mastercard installment payments in Brazil.
Issuer Merchant Co-Financed Installment Payments—Brazil Only
The issuer creates the installment plan. You and the issuer determine the service fees that the customer pays to you and the issuer. The acquirer is paid in full while the issuer is paid in installments by the customer. You or the customer pay the funding cost, which is a fee for paying in installments. This funding method is available only for Mastercard installment payments in Brazil.

Supported Card Types

These are the supported card types for processing credentialed transactions:
  • American Express
  • Mastercard
  • Visa

Endpoint

Set the
ccAuthService_run
field to
true
.
Send the request to
https://ics2ws.ic3.com/commerce/1.x/transactionProcessor
.

Successful Response

You must store the
network transaction ID
from the successful response message to include in subsequent MIT authorization requests in order to associate the CIT to the MIT. The network transaction ID is the
ccAuthReply_paymentNetworkTransactionID
field value.
Store the
network transaction ID
, which is the
ccAuthReply_paymentNetworkTransactionID
field value, from the successful response message. You must include the network transaction ID in subsequent MIT authorization requests in order to associate the CIT to the MIT.

Merchant-Initiated Installment Payments with PAN

After the initial CIT installment payment, subsequent installment payments are merchant-initiated transactions (MITs).

Prerequisites

The first transaction in an installment payment is a
customer-initiated transaction
(CIT). Before you can perform a subsequent
merchant-initiated transaction
(MIT), you must store the customer's credentials for later use. Before you can store the user's credentials, you must get the customer's consent to store their private information. This process is also known as establishing a relationship with the customer.

Installment Payment Types

Visa Platform Connect
enables you to process installment payments but does not have a role in setting the terms for the installment plan.
Visa Platform Connect
enables you to process these types of installments payments:
Issuer-Funded Installment Payments
The customer pays for goods or services using an installment plan agreed upon by the customer and their issuing bank. The issuer controls how the customer's account is debited. Your account is credited for the entire amount in a single transaction. The issuer assumes the risk and establishes credit rates and fees that are charged to the customer. The customer pays the funding cost, which is a fee for paying in installments. In Brazil, a
Crediario
is a special type of issuer-funded installment payment plan that enables the customer to request information about the terms of the installment plan before approving the installment payments.
Merchant-Funded Installment Payments
The customer pays for goods or services using an installment plan agreed upon by you and the customer. The issuer controls how the customer's account is debited. Your account is credited periodically for partial amounts as the customer's account is debited. You assume the risk and establish the credit rate and fees that are charged to the customer.
Co-Branded Merchant Financed Installment Payments—Brazil Only
You and the issuer determine the terms for this kind of installment plan. The funding varies depending on the agreement between you, the issuer, and the customer. This funding method is available only for Mastercard installment payments in Brazil.
Issuer Merchant Co-Financed Installment Payments—Brazil Only
The issuer creates the installment plan. You and the issuer determine the service fees that the customer pays to you and the issuer. The acquirer is paid in full while the issuer is paid in installments by the customer. You or the customer pay the funding cost, which is a fee for paying in installments. This funding method is available only for Mastercard installment payments in Brazil.

Supported Card Types

These are the supported card types for processing credentialed transactions:
  • American Express
  • Mastercard
  • Visa

Endpoint

Set the
ccAuthService_run
field to
true
.
Send the request to
https://ics2ws.ic3.com/commerce/1.x/transactionProcessor
.