Mastercard Installments
Learn about Mastercard Instalments, a programme that allows issuers and lenders to provide buy now, pay later payments.
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Mastercard Instalments is a programme that allows merchants to offer instalment payment options to customers, leveraging their existing Mastercard relationship:
- Merchants are automatically enrolled to accept Mastercard Instalments when they start accepting Mastercard payments.
- Customers who have a Mastercard Instalments virtual card from their bank can pay in 4 interest-free instalments during checkout, just like a normal Mastercard transaction.
- The same fee structure applies to Mastercard Instalments as normal Mastercard transactions.
- Surcharging for Mastercard Instalments is prohibited.
Prohibited business categories
In addition to the categories of businesses restricted from using Stripe, the following categories are prohibited from accepting a Mastercard Instalments virtual card.
- Money transfer
- Funding transactions
- Quasi cash
- Merchandise and services: Customer financial institution
- Payment transaction
- MoneySend
Recurring payments
Mastercard Instalments 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 Instalments
If you don’t want to accept Mastercard Instalments payments either:
- Create a support inquiry at Stripe Support using the subject “MC Instalments Opt Out”
- Navigate to this link directly to request “opting out”.
This process might take 1-3 days to complete. Opting out of Mastercard Instalments also opts you out of Apple Pay Later.