Point of sale financing, redefined
Point of sale financing enables customers to split their purchases into manageable installments at the moment of checkout, making larger purchases more accessible and affordable.
Splitit’s card-linked installments revolutionize this approach, allowing shoppers to pay over time using their credit card, without paying interest. It’s the smarter way to offer flexible payment options while maintaining complete control over your customer experience.
Credit card installments unlock huge potential
1.2bn approved customers
Anyone with a credit card can use Splitit, anywhere in the world – no registration, application, 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%.
Credit card 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 processes within seconds of authorization or upon shipping. Splitit then automatically charges the customer’s credit card monthly until the plan completes, avoiding the complexity of third party loans.
Installment Payments. Anywhere.
In-person financing
Phone-based sales solutions
E-commerce checkout
Industries that benefit most from point-of-sale financing
Why merchants choose Splitit
Increase transaction values
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 transaction values.
Drive more conversions
Our integrated technology delivers over 85% approval rates, versus an industry norm of 35%-40%. Unlike traditional POS financing solutions, Splitit eliminates the need for applications and credit checks, creating a frictionless checkout experience.
Zero default risk
Splitit operates with customers’ existing credit cards – their installment payment plan lives within the limits of their existing credit card. This means there’s no risk of defaulting on payment – should a customer miss their payments, the total order amount will be charged to their card.
Why Splitit outperforms traditional point of sale financing solutions
With Splitit, customers can use their existing credit to pay for services without the burden of interest or new loans. On average, consumers have $35,474 available on their credit cards. Traditional financing solutions ignore this existing financial capacity, instead forcing customers through credit applications. Splitit enables customers to tap into their available credit, allowing them to choose higher-value options without added financial pressure.
Feature
Consumer financing
Splitit
Use Existing Credit No Registration No additional interest or fees White-label Google Pay/Apple Pay Low Risk Support high-ticket purchases Increase sales potential Approval rate 35% 85%
Ready to transform your sales process?
Over the phone, online or in-person, Splitit delivers seamless installment options your customers will love. Reach out today for a friendly, no-obligations chat!
Frequently asked questions
Point of sale financing allows customers to split their purchase into monthly payments at checkout, and normally involves the customer applying for a new loan. With Splitit’s card-linked approach, customers simply enter their existing credit card details and choose their preferred number of installments, Splitit then charges each installment monthly or biweekly on their credit card, meaning there are no new loans or lengthy applications.
Yes, Splitit’s point of sale payment solutions work across all channels – online, in-store, and over the phone. This omnichannel approach means customers get the same seamless experience regardless of how they shop with you.
Traditional point of sale financing requires credit applications, involves new loan origination, creates additional debt, and often involves lengthy applications.
Splitit uses existing credit, requires no applications, maintains brand control, and processes through familiar credit card infrastructure.