Point of Sale Financing Solutions
Point of sale financing, redefined
Give your business a point of sale financing option that uses customers’ existing credit cards, with no friction at checkout.
Why businesses offer point of sale financing with Splitit
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%.
Point of sale financing, everywhere you sell
Industries that benefit most from Splitit’s POS 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 spread the cost of a purchase using credit they already hold. By eliminating the need for applications and credit checks, Splitit creates a frictionless checkout experience which delivers over 85% approval rates, versus an industry norm of 35%-40%.
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 enables customers to split their purchases into manageable installments at the moment of checkout, making larger purchases more accessible and affordable.
Point of sale financing is the umbrella term for any checkout option that lets customers split a purchase into installments.
Buy Now, Pay Later (BNPL) is one type of point of sale financing that typically offer short-term installment plans and often create a new line of credit or loan for each purchase.
Splitit’s credit card installments is another alternative to traditional point of sale financing that allows customers to split payments using the available credit on their existing credit card, without applying for new financing.
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.