*Availability is subject to factors outside of Visa’s control, including participation by issuers, acquirers and merchants.
Visa is developing installment solutions
Introduction to installment payments
The following example shows how installments payments work for a large ticket purchase of $800 paid for over 4 months, 0% APR:
![Donut chart showing 1 out of 4 payments.](/dam/VCOM/global/partner-with-us/images/donut-chart-1-of-four-800x450.jpg)
Paid $200
1st installment
![Donut chart showing 2 out of 4 payments.](/dam/VCOM/global/partner-with-us/images/donut-chart-2-of-four-800x450.jpg)
Paid $200
2nd installment
![Donut chart showing 3 out of 4 payments.](/dam/VCOM/global/partner-with-us/images/donut-chart-3-of-four-800x450.jpg)
Paid $200
3rd installment
![Donut chart showing 4 out of 4 payments.](/dam/VCOM/global/partner-with-us/images/donut-chart-4-of-four-800x450.jpg)
Paid $200
4th installment
Common installment payments models
*Financial institutions are solely responsible for their own installment program.
Pre-purchase
Consumer opts-in for installments pre-purchase
During purchase
Consumer prompted at merchant checkout to pay with installments
Post-purchase
Consumer converts a recent card transaction into installments
![Illustration of a paper and a pencil.](/dam/VCOM/global/partner-with-us/images/enrollment-icon-one-color-800x450.png)
Create plan
API for issuers to create installment plans. Issuers to define plan attributes such as:
- Duration of installment plan
- Participating merchants and cards
- Interest (and fees if applicable)
![](/dam/VCOM/global/partner-with-us/images/paper-checkmark-icon-one-color-800x450.png)
Check eligibility
API for acquirers, technology platforms and merchants to look up eligible installment plan(s) for an installment transaction. Merchants can display eligible installment plans to an eligible cardholder during purchases.
Example: 6 month installment plan for all eligible Visa cardholders from Bank A at home appliance stores
![](/dam/VCOM/global/partner-with-us/images/search-icon-one-color-800x450.png)
Select plan
API for merchants to confirm the cardholder selected installment plan for a given transaction.
![Visa card circled with reverse arrows.](/dam/VCOM/global/partner-with-us/images/card-lifecycle-icon-one-color-800x450.png)
Convert plan
API for issuers to convert the original transaction into an installment plan.
![Illustration of calendar with check mark.](/dam/VCOM/global/partner-with-us/images/calendar-check-icon-one-color-800x450.png)
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.
Installments Enabled by Visa can provide benefits for all parties in the ecosystem
Note: Depicts conceptual vision in development; features, functionality, availability are subject to change. Issuer is solely responsible for its own installment program.