Installments Enabled by Visa: Consumers can buy now and pay later

Introducing installment payment APIs

Visa is developing installment solutions

In the near future, Visa will be releasing capabilities on Visa Developer to allow clients to develop and pilot installment experiences to offer to their customers.*

Introduction to installment payments

Installment payments (installments) refer to the option to pay for purchases over time by dividing the purchase amount into smaller equal payments. Consumers will typically use installments to buy media and large ticket items (e.g. electronics, furniture). But in some markets, they may even use them to make everyday purchases (e.g. groceries, retail). So, what’s the key benefit for consumers with installments? They get to spread their purchases, including transparent fees, into periodic (usually monthly) repayment amounts.
Donut chart showing 1 out of 4 payments.
Donut chart showing 2 out of 4 payments.
Donut chart showing 3 out of 4 payments.
Donut chart showing 4 out of 4 payments.

Common installment payments models

There are three primary models in the global installment payments landscape: Pre-Purchase, During Purchase and Post-Purchase. These models differ based on when the consumer is offered installments, who presents the installment payments plan, and who pays for the cost of providing credit.*
Illustration of a paper and a pencil.
Visa card circled with reverse arrows.
Illustration of calendar with check mark.

Installments Enabled by Visa can provide benefits for all parties in the ecosystem


Increase payment options on existing cards in wallet
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Help increase sales volume and conversion rates
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Financial institution

Help increase cardholder engagement and loyalty with new revenue stream
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Help protect against volume erosion; new value added service for merchant offering