# Mastercard Installments

Allow issuers and lenders to provide buy now, pay later payments.

Mastercard Installments lets businesses use their existing Mastercard relationship to offer installment payment options to customers.

You’re automatically enrolled to accept Mastercard Installments when you start accepting Mastercard payments.

Customers who have a Mastercard Installments virtual card can pay in 4 interest-free installments during checkout, like a regular Mastercard transaction. The same fee structure applies to Mastercard Installments as regular Mastercard transactions. Surcharging for Mastercard Installments is prohibited.

#### Payment method properties

- **Customer locations**

  Australia, Canada, Germany, Malaysia, United Arab Emirates, United Kingdom, United States

- **Presentment currency**

  USD, CAD, GBP, AUD, AED, MYR, or EUR

- **Payment confirmation**

  Customer-initiated

- **Payment method family**

  Cards

- **Recurring payments**

  Yes

- **Payout timing**

  Standard payout timing applies

- **Connect support**

  Yes

- **Dispute support**

  Yes

- **Manual capture support**

  Yes

- **Refunds / Partial refunds**

  Yes / yes

#### Business locations

Stripe accounts in the following countries can accept Mastercard Installment payments:

- AE
- AU
- CA
- DE
- GB
- MY
- US

## Prohibited business categories

In addition to the categories of [businesses restricted from using Stripe](https://stripe.com/legal/restricted-businesses), the following categories are prohibited from accepting a Mastercard Installments virtual card.

- Money transfer
- Funding transactions
- Quasi cash
- Merchandise and services: Customer financial institution
- Payment transaction
- MoneySend

## Recurring payments

Mastercard Installments doesn’t support recurring payments such as subscriptions. If a buyer attempts to purchase a recurring product or service with this card, it will be declined.

## Disable Mastercard Installments

If you don’t want to accept Mastercard Installments payments, contact us using the form at [Stripe support](https://support.stripe.com) with the subject “MC Installments Opt Out” to request opting out.

This process can take 1-3 days to complete.