> For the complete documentation index, see [llms.txt](https://docs.verifone.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.verifone.com/online-payments/checkout/instalments/instalments-in-israel.md).

# 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"><figure><img src="/files/wpyFGf3zQpD04LtTFCCV" alt=""><figcaption></figcaption></figure></div>

Set up installment transactions via Checkout API

Additional information can be reviewed in the [Checkout](broken://spaces/OiXbo96Og9EN7rz2U44K/pages/g4kU4faod9NbmuOE6u5K) 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.\
   Table

   | Transaction type                          | credit\_term         | authorization\_type                | capture\_now         | AV (amount=0) | 3DS | shopper\_interaction |
   | ----------------------------------------- | -------------------- | ---------------------------------- | -------------------- | ------------- | --- | -------------------- |
   | Installments with different first payment | INSTALMENT\_STANDARD | <p>FINAL\_AUTH</p><p>PRE\_AUTH</p> | <p>true</p><p>no</p> | no            | NO  | MAIL, TELEPHONE      |
   | Installments with equal payments          | INSTALMENT\_STANDARD | <p>FINAL\_AUTH</p><p>PRE\_AUTH</p> | <p>true</p><p>no</p> | no            | YES | ECOMMERCE            |
   | Installment credit                        | INSTALMENT\_CREDIT   | <p>FINAL\_AUTH</p><p>PRE\_AUTH</p> | <p>true</p><p>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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