Installments allow cardholders to divide a purchase into smaller more manageable monthly payments. It's a popular way to pay in Latin America.

Installment plans

Installments are monthly and the number you can offer depends on the country:

Calculation

Installments are calculated by dividing the amount by the number of installments, the resulting value is then rounded to two decimals. In case the total amount is lower, the missing fraction is added to the first installment.

100.00 BRL in 3 installments:

1st: 33.34 BRL
2nd: 33.33 BRL
3rd: 33.33 BRL

The first installment is charged immediately and the issuing bank takes care of the subsequent charges which occur each month.

Minimum Amounts

Brazil

The minimum amount for any one installment payment is 5.00 BRL.
For example, 10.00 BRL in 2 installments.

Mexico

The minimum amount for any one installment payment is 100.00 MXN.
For example, 300.00 MXN in 3 installments.

Request

Include the numberOfInstallments field within the installmentPlan object, which is nested inside the order object, to initiate an installment payment with the card issuer.

//...
{
  "order": {
    "installmentPlan": {
      "numberOfInstallments": 3
    },
    "orderReferenceNumber": "Order Reference Number",
    "totalTaxAmount": 126
  }
}
//...