Splitit authorizes the full amount of the purchase on the shopper’s existing credit card and temporarily reserves the balance from their credit card. The shopper will need the full purchase amount available as credit on their credit card on the day of purchase.
Checkout Installments
Be there when it counts.
Place your installment offerings at checkout when payment plans are top of mind.
Installment cards are the future of credit
72%
of active BNPL users prefer their own bank.
$150B
in U.S. transaction volume is projected to flow through BNPL providers by 2025.
67%
67% of consumers want to know about installment options before they decide what to buy.
Win back the purchase moment
Installments are booming and BNPL installments dominate market share, but many issuers are missing the moment that matters most: at checkout.Splitit’s credit card-linked installments model gives banks a powerful tool to drive credit card usage, deepen loyalty, and win back the purchase moment without issuing new credit lines or sending customers through lengthy applications or registrations.
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Increased card usage
Every purchase financed through Pay Later runs through a credit card your customer already has with you: transactions that would have gone to a BNPL provider instead.
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No new credit risk
Splitit uses the shopper’s existing credit line and doesn’t require new underwriting.
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Front of wallet
Compete at checkout, where BNPL providers are capturing transactions that could be yours.
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Live in weeks
Splitit’s Checkout Installments plugs into the card program you’re already running.
How Checkout Installments work
Splitit uses your customers’ existing credit card to enable them to split the cost of their purchase into smaller payments. Splitit’s frictionless solution is embedded in the merchant checkout and requires no applications, credit checks or underwriting.
Your customers get all the benefits of paying with their credit card, including rewards, transaction insurance and protection against fraud.
Authorization
Installment plan
The first installment is charged a few seconds after the purchase authorization or upon shipping. Splitit will charge the shopper’s credit card every month until the plan is finished.
Authorization
Splitit authorizes the full amount of the purchase on the shopper’s existing credit card and temporarily reserves the balance from their credit card. The shopper will need the full purchase amount available as credit on their credit card on the day of purchase.
Installment plan
The first installment is charged a few seconds after the purchase authorization or upon shipping. Splitit will charge the shopper’s credit card every month until the plan is finished.
Benefits of card-linked installments
Splitit’s card-linked installments offer a cutting-edge payment solution directly at checkout, eliminating the need for applications or registrations post purchase. Our innovative approach caters to a broader range of shoppers, and boosts transaction volumes by offering immediate, flexible payment options at the point of sale.
Feature
Card-linked installments
Post-purchase installments
Available at checkout No application or registration Enhanced customer engagement Increased transaction volume Cater to a broader range of shoppers Personalized offerings at checkout
Scale with ease
The easiest pay-later option to adopt
A single global API and an extensive network of partnerships makes Splitit’s card-linked installments the easiest pay-later option to adopt, integrate and operate across all consumer touch points.
Let’s build smarter payment solutions together
Partner with Splitit to unlock flexible payment solutions that work for you and your customers. Get in touch today for a no-obligation conversation.