Installment payments
Installment payments: spread your collections, with no credit and no card
You grant a payment in several installments, virement.tn organizes the schedule, the reminders and the tracking — and each installment is paid by a bank transfer that the customer triggers themselves.
What is an installment payment?
An installment payment means spreading a sum owed — school fees, an insurance premium, a purchase, leasing rent, arrears — over several installments instead of demanding it all at once. For the customer, it is a more manageable amount; for the organization, it is often the difference between collecting in installments and collecting nothing.
The real issue is tracking: how many installments have been paid, which one is coming, which one is late, who to chase. On a spreadsheet it quickly gets complicated once plans multiply.
Important: with virement.tn, the platform does not grant the credit. You grant the payment schedule to your customer; virement.tn organizes and tracks it. No direct debit is made: each installment is a bank transfer the customer makes from their bank.
How it works
- You create the plan: the customer (identified by their phone number), the label, the amount and the schedule — from 2 to 36 installments, monthly, quarterly or annual.
- The customer accepts with their validation code. Their consent is thereby recorded.
- Each installment is an invoice. It becomes visible and payable on its due date; the customer is notified and transfers the amount to your verified RIB.
- The bank confirms, the installment moves to “paid” and you are notified — in the app, by email or by webhook.
- The plan ends on its own when all the installments (and any penalties) are paid.
What you can configure
| Setting | Options |
|---|---|
| Number of installments | From 2 to 36 |
| Frequency | Monthly, quarterly or annual |
| Late-payment penalty | None, daily rate (%), or fixed amount |
| Default threshold | Number of days late beyond which the plan moves to “in default” |
| Adjustments | Postponing an installment's date, revising its amount |
Reminders go out automatically before the due date, and follow-ups are sent when payment is late.
What the customer sees
The customer has a space where they find their plans, the installments already paid, those to come and any delay. They never enter a card number and give no access to their bank account: they stay in control of every transfer.
For which uses?
- Schools: spread a student's tuition over the year (see the private schools page and our guide to setting up installment payments).
- Insurance: split an annual premium (see the insurance companies page).
- Retail and services: sell a good or service payable over several months.
- Leasing: the leasing contract is an enriched installment payment plan (contract number, financed asset, collections tracking).
Installments or recurring payment?
An installment plan has a start and an end: a total amount spread over a defined number of installments. A recurring payment comes back at regular intervals for as long as the subscription is active — membership fee, subscription, rent. Both rest on the same mechanism: one invoice per installment, paid by bank transfer.
Going further: collecting school fees by bank transfer and chasing an unpaid invoice.
Frequently asked questions
Does virement.tn finance the purchase or advance the money?
No. This is not credit. It is you, the organization, who grants the payment schedule to your customer; virement.tn only organizes the schedule, the notifications and the tracking. Each installment is paid by the customer directly to your verified RIB.
How many installments can be set, and how often?
A plan has from 2 to 36 installments, monthly, quarterly or annual.
Does the customer have to give their consent?
Yes. The customer validates the plan with their validation code, which proves their consent. They then find their plan and its installments in their space.
What happens if an installment isn't paid?
The delay is detected automatically and the customer is chased. You can configure a late-payment penalty (daily rate or fixed amount), postpone the installment or revise its amount, and a delay threshold can move the plan to default.
Can the customer pay an installment early?
Yes. The customer can decide to pay an upcoming installment before its date; it is then treated as an invoice to be paid by bank transfer, like the others.
Ready to try virement.tn?
The Free pack lets you issue up to 10 invoices a month with no commitment, so you can test the whole process from start to finish.
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