*Availability is subject to factors outside of Visa’s control, including participation by issuers, acquirers and merchants.
The following example shows how installments payments work for a large ticket purchase of $800 paid for over 4 months, 0% APR:

Paid $200
1st installment

Paid $200
2nd installment

Paid $200
3rd installment

Paid $200
4th installment
*Financial institutions are solely responsible for its own installment program.
Pre-purchase
Consumer opts-in for installments pre-purchase
During purchase
Consumer promoted at merchant checkout to pay with installments
Post-purchase
Consumer converts a recent card transaction into installments

Create plan
API for issuers to create installment plans. Issuers to define plan attributes such as:
- Duration of installment loan
- Participating merchant and cards
- Interest and fees

Check eligibility
API for acquirers, technology pltforms and merchant to look up eligible installment plan(s) for an installment transaction. Merchant can display eligible installment plans and costs to a cardholder during purchases.
Example: 6 month installment plan for all Visa Signature cards from Bank A at home appliance stores

Select plan
API for merchant to confirm the cardholder selected installment plan for a given transaction.

Convert plan
API for issuers to convert the original transaction into an installment plan.

Schedule plan
API for issuers to schedule payments of installment transactions The service will look up cardholder status and calculate monthly installment payments due, so that issuers can manage general ledger and post to cardholder statement correctly.

Consumer

Merchant

Financial institution

Acquirer
Note: Depicts conceptual vision in development; features, functionality, availability are subject to change. Issuer is solely responsible for its own installment program.

Global 2017 installments market segment size
Note: 2017 global installments market size ($1.2T) excludes $1.5T in untraceable installments volume (e.g. “debt consolidation”). Growth in global installments and credit cards shown as year-over-year increase in payments volume in 2017 vs. 2016.
Source: Euromonitor International 2018