This is a guide on how to use the installment and revolving payments features provided by credit card issuers.

• Installment payments are a way for users to pay the amount in multiple installments, The installments and the risk, as well as interest rate (if any) are all managed by the card issuer. Because for a low number of installments there is often a very small or zero interest, this can help end users make the purchase of a product they would otherwise not have been able to buy. There is no impact at all on the merchant side: you will get the full amount paid out from KOMOJU as usual. Everything else is between the card issuer and the end user.
• Revolving Payments (リボ払い) are a popular way in Japan to aggressively provide credit to end users, by allowing users to determine whether they wish a specific payment to be deducted from their bank account at a later date than normal. This can help users make purchases that they otherwise wouldn’t be able to make, although issuers tend to charge significant interest for the service. There is no impact at all on the merchant side: you will get the full amount paid out from KOMOJU as usual. Everything else is between the card issuer and the end user.

Installments and Revolving payments are supported by Hosted Page and API integrations.

Requirements

In order to provide installments and revolving payments to your customers, the following criteria must be met:

• You contact your Customer Success Representative in advance. This feature needs to be turned on for your account.
• You have been approved to offer Japanese credit card payments. Installments and revolving payments are only supported by Japanese credit cards.

Usage with Hosted Page

From the end user standpoint, on the Hosted Page, if the functionality is enabled, they’ll have the ability to switch from the default One-Time payment, to either “Revolving” (to tag the payment as “Revolving” to the issuer) or “Installments”, whereby the user can choose their payment plan. Because the default is “One-Time”, there is no impact at all on the end user if they don’t wish to make use of such payment plans.

If the customer selects "Installments", they will see an additional drop-down menu prompting for how many installments (months) they would like to pay in.

Usage with API

If you are creating credit card payments over API (perhaps via 3D Secure Without a Session), you can use installments and revolving payments by providing a payment_details.installments parameter when creating secure tokens.

Supported values: