# Instalments in Israel

## Credit Installment <a href="#credit-instalment" id="credit-instalment"></a>

You can offer consumers a credit installment plan with a selection of the number of installments, subject to the ABS terminal's issuer parameters.

* The customer will provide the number of installments
* This installment type carries interest fees
* The payment terms (period, fees, etc.) are between the cardholder and the issuer (Verifone is not part of it)
* Verifone does not manage the following installments

## Standard installments  <a href="#standard-instalments__00a0" id="standard-instalments__00a0"></a>

You can offer consumers an installment plan with a selection of the number of installments and an option to set the first installment amount.

* The first installment amount and the number of payments will be decided by the merchant and consumer
* The amount of the following installments is the quotient of the total purchase amount minus the first amount, divided by the number of remaining installments. No interest fees are charged.
* Verifone does not need to manage the following payments

## Virtual Terminal <a href="#virtual-terminal" id="virtual-terminal"></a>

If you are using a Virtual terminal and you select instalments the values selected will be visible in a second step as follows.

<div data-with-frame="true"><img src="https://verifone.cloud/sites/default/files/inline-images/1_67.JPG" alt="" height="630" width="512"></div>

## Set up installment transactions via Checkout API <a href="#set-up-an-instalments-transaction-via-checkout-api" id="set-up-an-instalments-transaction-via-checkout-api"></a>

Additional information can be reviewed in the [Checkout](/api-reference/open-api-references/checkout.md) API documentation.&#x20;

1. Configure `credit_term` schema based on the table. Combinations of fields that are not described in the table will be rejected.

   | Installments with different first payment | INSTALMENT\_STANDARD | <p>FINAL\_AUTH<br><br>PRE\_AUTH</p> | <p>true<br><br>no</p> | no | NO  | MAIL, TELEPHONE |
   | ----------------------------------------- | -------------------- | ----------------------------------- | --------------------- | -- | --- | --------------- |
   | Installments with equal payments          | INSTALMENT\_STANDARD | <p>FINAL\_AUTH<br><br>PRE\_AUTH</p> | <p>true<br><br>no</p> | no | YES | ECOMMERCE       |
   | Installment credit                        | INSTALMENT\_CREDIT   | <p>FINAL\_AUTH<br><br>PRE\_AUTH</p> | <p>true<br><br>no</p> | no | NO  | MAIL, TELEPHONE |
2. Configure `number_of_instalments` <= configurations.card.max\_number\_of\_instalments.
   * If `number_of_instalments` = 1: perform transaction with credit\_term=SALE
   * If `number_of_instalments` > 1: perform transaction with credit\_term=INSTALMENT\_STANDARD + installment object&#x20;

### Installment standard example <a href="#installment-standard-example__003a" id="installment-standard-example__003a"></a>

```php
"configurations": {
        "card": {
            "payment_contract_id": "{{ppc_contract_id_abs}}",
            "dynamic_descriptor": "SNEAKERS DELUXE",
            "cvv_required": false,
            "capture_now": false,
            "authorization_type": "PRE_AUTH",
            "shopper_interaction": "ECOMMERCE",
            "credit_term": "INSTALMENT_STANDARD",
             "instalment": {
                "max_number_of_instalments": 2,
                "down_payment_amount": 10
            }
        }
    }
```

### Installment credit example <a href="#installment-credit-example__003a" id="installment-credit-example__003a"></a>

```php
"configurations": {
        "card": {
            "payment_contract_id": "{{ppc_contract_id_abs}}",
            "dynamic_descriptor": "SNEAKERS DELUXE",
            "cvv_required": false,
            "capture_now": false,
            "authorization_type": "PRE_AUTH",
            "shopper_interaction": "TELEPHONE",
            "credit_term": "INSTALMENT_CREDIT"
        }
    }
```

&#x20;


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