Instalments enabled by Visa FAQs

For eligible cardholders, Instalments enabled by Visa is a simple way to pay for a qualifying purchase at participating merchants in fixed, equal instalments made over a defined period of time using your eligible card. It is a type of credit provided by the card issuing bank (not by Visa), that is deducted from the existing available credit limit on your payment card. So, there is no additional line of credit, credit check or a new account. Instalments enabled by Visa is offered by participating card issuing banks and enabled by Visa’s payment technology for Visa and non Visa cards. If your card issuing bank offers Instalments enabled by Visa for your eligible card, and you make a qualifying purchase at participating merchants, you may be presented with an option to select an instalment plan at checkout. The terms and conditions of your instalment plan are set by your card issuing bank. If you select to pay using an instalment plan and are paying with a credit card, the total purchase amount will be deducted from your available credit limit at the time of purchase. Please contact your card issuing bank or review your cardholder agreement for more information.

If card or purchase is not eligible for an instalment plan, no instalment plan will be displayed at checkout.

It is a type of credit but no credit check is required, because making a purchase with Instalments enabled by Visa does not create an additional line of credit or increase your existing credit. Instead, any instalment options offered at checkout are provided by your card issuing bank (not by Visa), using your existing credit limit on your eligible card.

Visa’s payment technology enables participating banks to provide instalment plans to their eligible cardholders with non-Visa cards. Please contact your issuing bank to see if your card is eligible for Instalments enabled by Visa.

The merchant is paid the full amount (minus any applicable fees), in the same way they get paid for other card transactions today.

Issuers and merchants will be communicating this to their consumers.

For credit cardholders it depends on the wording of their existing credit agreement, whether an issuer can auto-enrol them for Visa Instalments. Debit cardholders would have to agree explicitly to the new credit terms.

Refunds for purchases made with Instalments enabled by Visa follow our standard return process.

Disclaimer: Instalments are not available on all credit cards and are only offered by certain participating card issuing banks to eligible cardholders on qualifying purchases. Instalments are a type of credit. The credit will be deducted from your existing credit limit on your payment card. It is important to repay all instalments