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Card EMI

Let them take it over months.

When a basket is large enough to stall a checkout, a customer paying by card can take it in monthly instalments from one of nine partner banks — three months to thirty-six. It runs on the same hosted checkout as everything else, and you are settled the same way.

Become a merchant See what it costs

What is available

Nine banks, eight terms

The EMI fee is held per bank and per term, so a nine-month plan at one bank and a nine-month plan at another are not the same offer. All nine banks carry three, six, nine, twelve, eighteen and twenty-four months; the two longest terms are offered on fewer of them.

Partner banks

  • Southeast Bank PLC SEBL
  • Eastern Bank PLC EBL
  • Dutch-Bangla Bank PLC DBBL
  • Mutual Trust Bank PLC MTB
  • Standard Chartered Bank
  • The Premier Bank PLC
  • AB Bank PLC AB
  • Meghna Bank PLC MGBL
  • Trust Bank PLC TBL

The shape of it

partner banks
9
terms
3 – 36 months
order amount
৳3,000 – ৳10,00,000
bank EMI fee
2% – 22% of the order

The bank's EMI fee is a percentage of the order, applied once. It is not an annual rate, and it does not compound over the term.

Who pays for it

The EMI fee is a setting, not a surprise

Two fees ride on an EMI payment: the bank's EMI fee, and a Moneybag EMI processing fee. Together they are the EMI charge, and one switch on your account decides which side of the counter it falls on. Unless you ask for it to be turned on, the customer pays it — that is the default.

Default

The customer pays it

The EMI charge is added to what the card is charged. It changes what the customer pays, not what reaches you.

  • Order amountyour price
  • + bank EMI feeadded
  • + Moneybag EMI feeadded
  • Charged to the cardincludes the EMI charge
  • Your settlementunchanged by EMI

On request

You absorb it

The EMI charge is not added to the card. It comes out of your settlement instead, which is lower by exactly the amount you took on — no more, and no percentage on top.

  • Order amountyour price
  • Charged to the cardno EMI charge added
  • − EMI chargefrom your settlement
  • Your settlementlower by that amount

This switch is separate from the one that decides who carries your ordinary service charge, and the two can be set differently. Both are configured with Moneybag when EMI is enabled on your account — along with which banks you offer and the order range they apply to — rather than changed in the dashboard.

At the checkout

Three steps, and none of them yours to build

  1. 01

    When you open the session

    You ask for it

    EMI is off unless the order asks for it, so it never appears on a basket you did not mean to offer it on. Your payment link asks for it on every payment, without you doing anything.

  2. 02

    Before the page draws

    The checkout works out what this basket qualifies for

    Only the banks whose amount range covers this order, and only the terms that are active for it. A basket below the floor simply shows no EMI, with nothing to explain away.

  3. 03

    On the checkout

    The customer chooses a bank and a term

    They pick one plan from the list and pay by card. The bank and the term ride with the payment, and land on the transaction record as their own row.

EMI is a card feature. Plans are built only on card routes, so bKash, Nagad, Rocket and upay show on the checkout as they always do — as a single payment, with no instalment option beside them. A customer who wants to spread the cost pays by card.

Afterwards

Everything past the checkout is the same

You are not lending anything and you are not waiting on instalments. The payment reaches you as one payment, on the ordinary schedule — nothing about it is keyed to the term the customer chose.

  • The same settlement

    On the cycle agreed in your merchant agreement, released by a person. An EMI payment does not sit in a different queue or wait for the customer's instalments to finish.

  • The same transaction list

    An EMI payment is an ordinary transaction you can filter for, with the bank, the term and the full fee breakdown kept on a record of its own beside it.

  • The bank's share is not yours to move

    The bank's part of the EMI fee is settled to that bank by Moneybag, out of the same payment. It is not an invoice you receive or a transfer you make.

What reaches you

Your settlement is the order amount less whatever you have chosen to absorb — the service charge, the EMI charge, both or neither. Where the customer carries both, what reaches you is the order amount.

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