Why home services contractors choose Splitit’s financing solution
The home services industry faces unique challenges when it comes to higher-ticket projects. Emergency HVAC repairs, major plumbing work, and home improvement projects often catch homeowners off-guard financially.
Most financing options require homeowners to apply for new credit, undergo approval checks, and take on new debt. Splitit removes these barriers by letting your customers use the credit they have already earned, turning a large upfront cost into manageable monthly installments. There’s no new credit application, no hidden fees, and no disruption to your customer relationship.
1.2bn approved customers
Anyone with a credit card can use Splitit, anywhere in the world – no application, credit check, or underwriting required.
$35,474 avg. credit available
Customers can maximize their purchasing potential using the credit they have already earned, without paying interest.
85%+ approval rate
Our integrated technology delivers over 85% approval rates, versus an industry norm of 35%-40%.
Installment Payments. Anywhere.
In-person
On the phone
Online
Key Benefits for Home Services Contractors
Increase average ticket
With Splitit’s card-linked installments there’s no arbitrary purchase limit, customers can maximize their purchasing potential using their existing available credit, leading to higher average tickets.
Increased closure rates
Our integrated technology delivers over 85% approval rates, versus an industry norm of 35%-40%. With no applications or credit checks, there is no friction at the point of sale.
Quick and easy funding
Splitit operates with customers’ existing credit cards – their installment payment plan lives within the limits of their existing credit card. Funding is quick and easy within 48 hours and is non-recourse.
The future-proof financing option for home services
Home services often fall outside of a customer’s usual budget, creating financial stress – with Splitit, customers can use their existing credit to pay for services without the burden of interest or new loans.
On average, consumers have over $35,000 available on their credit cards. Splitit enables them to tap into this available credit, allowing them to choose higher ticket services without added financial pressure. This not only makes it more affordable for your homeowners, but also increases your average ticket and closure rates.
Feature
Traditional financing
Splitit
Use Existing Credit No Application or credit checks No additional interest or fees API Integration Support higher ticket projects Increase closure rates Approval rate 35% 85%
Let’s take the hassle out of higher ticket projects.
Splitit makes larger projects more accessible for your customers while keeping payments simple for you. Reach out for a friendly, no-obligations chat!
Frequently asked questions about home services financing
Splitit integrates into your existing payment processes. When customers need financing for home services, they simply use their existing credit card to set up an installment plan. No applications, credit checks, or new loans required. You receive funding upfront while customers pay over time.
Splitit works for all home services, including HVAC repairs and installations, plumbing emergencies, electrical work, home improvement projects, pest control services, roofing, and more. Any service with higher tickets can benefit from our flexible installment solutions.
Unlike traditional loans, Splitit uses customers’ existing credit cards, so there’s no new debt created, no interest charges, and no lengthy application process. Customers maintain their credit card rewards and benefits while spreading payments over time responsibly.
Splitit allows homeowners to spread the cost of a service over several months using their existing credit card, without taking out a new loan or applying for financing. This flexibility removes the financial friction that often leads customers to choose the cheaper or most urgent fix. This leads to higher average project values, increased revenue per customer, and better long-term outcomes for both contractors and homeowners.
Absolutely! Splitit supports offline payments with text-to-pay, email-to-pay, and scan-to-pay links. These can be sent directly from your sales team and completed in seconds by your customers on any device.
Not at all. In fact, it often accelerates it. With one-click payment options and no applications, customers convert faster and businesses see higher close rates.
Splitit is designed to be fast and simple. Our cloud-based software can be deployed in minutes, and our team provides full onboarding and sales training to get you up and running quickly.
No. You’re paid in full upfront, and Splitit manages the installment collections. We also take on the risk of non-payment so your revenue is protected.