Buy now, pay later with Installments Enabled by Visa.

Add Installments Enabled by Visa today by contacting a sales representative.  Our sales reps will assess whether your device or online checkout is compatible with installments.  

For a purchase made with Installments Enabled by Visa, the customer will be billed by their card-issuing bank in fixed, equal amounts. No additional soft credit checks are required, and no need to sign up for a new account.

We offer flexible installment plans with terms of 3, 6, 12, 18, 24, 36, and 48 months. 

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).

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. 

For a purchase made with Installments Enabled by Visa, the customer will be billed by their card-issuing bank in fixed, equal amounts. No additional soft credit checks are required, and no need to sign up for a new account.

No credit check is required. Any Installments Enabled by Visa options presented at checkout are determined by the customer's card-issuing bank, which takes into consideration the customer's existing credit limit on their eligible card.

Payment and servicing of the customer's installment plan is through their card-issuing bank. The installment amount due and due date will be part of the customer's billing or account statement for their card and may be included in their minimum payment due.