monobank Pay in Parts for Shopify
monobank "Purchase in Installments" integration for Shopify — installment payments from 3 to 25 payments for monobank customers. The seller receives the full amount immediately in their account, and the buyer pays the interest to the bank. Conversion for expensive products increases up to 2×, and the average order value rises by 30–50%.
- monobank «Pay in Parts»: 3 to 25 payments, chosen by the customer
- The merchant receives the full amount next morning; the customer pays the interest
- Works alongside any acquiring provider — plata by mono is not required
Questions — +380 97 716 76 35 · Telegram @trademinister · partner@trademinister.net
monobank "Purchase in Installments" for Shopify is a standalone product that adds the option for monobank customers to pay in installments (from 3 to 25 payments). It works through the official monobank API monobank.ua/api-docs/chast. It does not require connecting plata by mono — it can be used alongside any other acquiring service (LiqPay, WayForPay, NovaPay).
- Number of payments: from 3 to 25 (chosen by the customer)
- Seller receives: the full amount immediately, the next morning to the settlement account
- Interest: paid monthly by the buyer to the bank (free for the seller)
- Commission: standard — 1.3% (UA cards)
- Effect: average order value increase of 30–50%, conversion of expensive products up to 2×
- Suitable for: categories from 5,000 ₴ — electronics, furniture, clothing, education
- Connection cost: 8,800 ₴ one-time fee
advantages of installment payments
how it works
the customer chooses installment payment
On the product page or in the cart, the customer sees the option "Buy in Installments from monobank" and the amount of the monthly payment. When placing an order, they select the number of payments (from 3 to 25) and confirm the order. Shopify creates the order, and the TradeMinister integration creates an application via POST /api/order/create in monobank.
monobank approves installment payments
The customer receives a push notification in the monobank app with installment details (product amount, number of payments, monthly payment amount). They confirm consent in 2 taps (no paper documents). monobank sends a callback with the status WAITING_FOR_STORE_CONFIRM — the seller confirms readiness for shipment via API.
the seller receives the full amount immediately
After confirmation, the order status in Shopify changes to Paid. The next morning, monobank transfers the full order amount to the seller's settlement account. There is no need to wait for monthly payments from the buyer — the seller receives the entire amount as with a regular sale, only without acquiring fees (or with minimal standard fees). The buyer pays the installment interest to the bank monthly.
screenshots
technical details
monobank "Purchase in Installments" — monobank.ua/api-docs/chast
product page, cart, Thank You Page (customized during setup)
from 3 to 25 (chosen by the buyer)
1.3% (UA cards) — standard monobank rate
the full order amount, to the settlement account the next morning
through the monobank business account or API
for monobank clients with a pre-approved installment limit
Individual entrepreneur or LLC with a current account in monobank + Shopify of any plan
1–3 business days
cost calculator by turnover
the fee is withheld by monobank once, when the customer places the order — that is the full payment to the bank, with no further deductions.
rates under «Pay in Parts» (from monobank): 3 — 2.9%, 4 — 4.1%, 5 — 5.9%, 6 — 7.2%, 7 — 8.3%, 8 — 9.5%, 9 — 10.8%, 10 — 12.0%, 11 — 13.2%, 12 — 14.3%, 13 — 15.5%, 14 — 16.6%, 15 — 17.7%, 16 — 18.8%, 17 — 19.8%, 18 — 20.9%, 19 — 21.9%, 20 — 23%, 21 — 24%, 22 — 24.9%, 23 — 25.9%, 24 — 26.8%, 25 — 27.8%. source: monobank.ua/chast/vendors.
cost
- Installing the Installments gateway in Shopify
- Setting up the display of "from X ₴/month" on the product page
- Integration with monobank Installments API
- Setting up callbacks and status handling
- Testing with a real order
- Instructions for the manager on order confirmation
- 30 days of support
- No additional TradeMinister fees for transactions
frequently asked questions
Current account for individual entrepreneur or LLC in monobank (free opening through the monobank app within 1 day), activation of the "Installment Purchase" service for the seller in the monobank business dashboard (free, upon request to support). An active Shopify store of any plan is also required.
Standard 1.3% fee for Ukrainian cards — the same as for regular monobank acquiring. The seller does not pay any additional fee for installment plans. The buyer pays interest on the installment plan to monobank monthly (usually 0% during promo periods, 1.7–2.5%/month for standard rates). For the seller, this is a free option that increases conversion.
On the product page, below the price, the text "or from 500 ₴/month in Installments" is displayed with a link to details. The buyer sees the monthly payment amount for the maximum number of payments (25). When placing an order, they select the desired number of payments from a range of 3 to 25. The visual design is customized to match the store's design.
Optimal for product categories priced from 5,000 ₴: household appliances, electronics, furniture, sports equipment, mid- to high-end clothing and footwear, educational courses, travel packages. The higher the average check, the stronger the effect of connection: conversion increase up to 2×, average check growth of 30–50%.
After the buyer confirms the installment plan and the seller confirms readiness for shipment, the full order amount is credited to the seller's monobank account the next morning. There is no need to wait for monthly payments from the buyer. This is a regular amount in the account that can be used like any other incoming funds.
The risk of non-payment by the buyer on the installment plan is borne by monobank, not the seller. The seller has already received the full order amount in their account. If the buyer does not make monthly payments to monobank, it is a matter between the buyer and the bank (penalties, credit history deterioration); the seller is not involved. The seller does not refund the bank for the buyer's failure to fulfill the installment plan.
store examples
customer reviews
why TradeMinister
Shopify Partner
Certified Shopify Partners since 2014. Specializing in theme development and payment integrations for Ukrainian stores.
payment integrations
Since 2016, we have been integrating Ukrainian payment gateways with Shopify: plata by mono, LiqPay, WayForPay, Portmone, NovaPay, QR payment according to the NBU standard.
apps in the App Store
Published 10 apps in the Shopify App Store — Nova Poshta, plata by mono, WayForPay, and other integrations for Ukrainian stores.
ready to enable payment in installments?
Order a connection or get a free consultation. We will confirm your request and schedule the connection time within 24 hours. TradeMinister — in payment integrations for Shopify since 2016.