Installments Enabled by Visa

Buy now, pay later with Installments Enabled by Visa.

Name: Offer your customers easy, equal installment payments today.
Brand: Moneris
Availability: InStock

Help increase sales and revenue by giving your customers the option to split their purchases into easy, equal payments both in-store and online.

Installments Enabled by Visa

With Installments Enabled by Visa, eligible Canadian cardholders can pay for qualifying purchases in easy, equal payments over a defined period, with no need to sign up. Offer flexible payment options with installment plans ranging from 3, 6, or up to 48 months, with the ability to update plans at any time.

Did you know?

34%¹ of Canadians are more likely to shop again at stores offering installment payment options.

20-30%¹ average increase in ticket size when customers are given the flexibility to pay in installments.

Offer your customers easy, equal installment payments today.

Help boost sales and revenue while helping your customers buy more of what they love.

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Installment payments can help increase your average ticket size by giving your customers the peace of mind that they can spread out payments over time.
Avoid sticker shock at checkout by giving your customers the option to break down their bill into more manageable payments. No enrollment or credit check required.
Installments Enabled by Visa integrate seamlessly with both your in-store POS system and online ecommerce platform.
Offer flexible payment options with installment plans ranging from 3, 6, or up to 48 months, with the ability to update plans at any time.

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Frequently Asked Questions

How do I add Installments Enabled by Visa to my POS device or online checkout? How does Installments Enabled by Visa work on an eligible card? What type of installment plans are available? What are our funding options?

There are also two installment funding options we offer:
Consumer Funded – The cardholder covers any fees or interest when using Installments Enabled by Visa to make a purchase. Consumer-funded installment plan fees include: 0.226% (Visa installment access fee) + 0.25% (Moneris installment fee).
Merchant Funded - Merchant covers the financing costs associated with offering installment plans. Merchant-funded installment plan fees include 0.226% (Visa installment access fee) + 0.25% (Moneris installment fee) + (Funding costs).

What are the fees associated with offering Installments Enabled by Visa?

There are three fees associated with Installments Enabled by Visa. Merchants pay these fees only once per installment transaction.
1. Moneris Installment Fee – Charged on all installment transactions in addition to other Moneris fees as applicable.
2. Visa Installment Access Fee (Installment Eligibility Fee) – 0.226% charged by Visa and passed through by Moneris without mark-up. Fee not returned on refunds.
3. Visa Installment Funding Fee – Charged by Visa and can be merchant or consumer funded depending on the plans.
*Please note these are all transactional fees.

My customer is using a card from a non-Visa network. Why is their non-Visa card eligible for Installments Enabled by Visa? Does Installments Enabled by Visa require a new line of credit? Is a credit check required? How does my customer's scheduling of installment payments work?

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Offer your customers easy, equal installment payments today.

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Buy now, pay later with Installments Enabled by Visa.

Installments Enabled by Visa

Frequently Asked Questions

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