Rapid installment settlement (Sherut Nikayon)

By default, installment payments are credited monthly in portions according to the number of installments chosen by the customer.

For example, if a purchase is divided into 10 installments, the amount will be credited in 10 equal parts over 10 months, as the customer’s card is charged each month.

However, it is possible to receive the full amount immediately with the first payout.

This service is currently in a trial phase. The launch announcement will be made in the Telegram channel.

Activation

The service is not yet available through the Allpay interface. To activate it, please contact support.

The service is not retroactive, meaning it does not apply to payments made before activation.

Requirements

Before activating the service, the following conditions must be met:

• You have been using Allpay for at least three months.
• The total transaction volume during this period is at least 15,000 ILS.

These criteria help assess the business’s transaction activity and reduce chargeback risks — cases where a business receives a large payout and the cardholder later reports an unauthorized transaction.

Commission

The commission is calculated as:
M × 0.81% × (N − 1)
where M is the full transaction amount
and N is the number of installments (tashlumim) selected by the customer.

For example:
If a total of 10,000 ILS is split into 10 installments of 1,000 ILS each,
then 10,000 × 0.81% × 9 = 729 ILS — that is, a 7.29% fee for 10 months.

How it works

When a customer chooses to pay in installments, the credit company normally collects the money monthly from the customer’s card and transfers it to the business in parts.

With Sherut Nikayon, the credit company pays the full amount upfront to the business, charging an additional percentage as a fee, and then collects it back from the customer in installments.