Installment rules and availability
Installments split the total amount into smaller, equal payments due over an agreed period. The customer doesn't have to pay everything up front in a single payment. Installments are common in LATAM markets and give customers more flexibility. Availability depends on card brand support, and installments must comply with regional regulations.
The following card brands support installments in each country:
| Card brand | Brazil | Chile | Mexico |
|---|---|---|---|
| Amex | ✅ | ✅ | ✅ |
| Elo | ✅ | - | - |
| Mastercard | ✅ | ✅ | ✅ |
| Visa | ✅ | ✅ | ✅ |
Installment options by country
The following tables show the installment options available in each country. Use them to check which options are available in your country.
Brazil Installments
In Brazil, there is one main type of installment option at the country level:
- Merchant installments (Parcelado Lojista): The merchant receives the settlement for each installment monthly (D+30), minus MDR and discount fees. The cardholder pays no interest. The merchant covers the interest.
Below are the possible API plan values by card brand in Brazil:
| Card brand | Plan Name | Plan Key (Schema) |
|---|---|---|
| Amex | Plano Lojista | plan_lojista |
| Elo | Plano Lojista | plan_lojista |
| Mastercard | Plano Lojista | plan_lojista |
| Visa | Plano Lojista | plan_lojista |
Chile Installments
In Chile, there are two main types of installment options at the country level:
- Issuer plans: Issuing banks offer base installment plans, from 2 to 48 installments. The merchant receives a single settlement. The cardholder then pays the issuer the total amount plus any applicable fees.
- Merchant installments (Cuota Comercio): An interest-free plan that the merchant offers, from 2 to 12 installments. The merchant receives one settlement per installment, based on the selected plan.
Below are the possible API plan values by card brand in Chile:
| Card brand | Plan Name | Plan Key (Schema) |
|---|---|---|
| Amex | Cuotas Emisor | plan_emisor |
| Mastercard | Cuotas Emisor | plan_emisor |
| Mastercard | Precio Contado | cuota_comercio |
| Visa | Cuotas Emisor | plan_emisor |
| Visa | Precio Contado | cuota_comercio |
Mexico Installments
In Mexico, there is only one type of installment option. To offer it, you must request and activate it during onboarding:
- MSI (Meses sin interés): PROSA offers base installment plans. The customer's issuing bank collects the payments, and the merchant receives a single settlement, minus any applicable fees.
Below are the possible API plan values by card brand in Mexico:
| Card brand | Plan Name | Plan Key (Schema) |
|---|---|---|
| Amex | Plan Prosa | plan_prosa |
| Mastercard | Plan Prosa | plan_prosa |
| Visa | Plan Prosa | plan_prosa |
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