Digital Wallet Installments
Choose to pay in installment at checkout when you pay with your digital wallet using an eligible credit card, wherever you shop.
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Installments in seconds
Split your purchase instantly through your digital wallet, with no extra forms, no redirects, and no lengthy applications.
Use the credit you already have
Use the credit you’ve already earned to pay in installments, with no need for a new loan, just your existing available balance.
Keep earning your rewards
Continue to earn your credit card rewards and protections that come with your card, including reward points, purchase protection and fraud protection.
Getting started with
Splitit Digital Wallet Installments
Authorizations explained
An authorization temporarily reserves the full purchase amount on your credit card. It is not a charge. Think of it as a hold that confirms you have sufficient credit available to cover the full installment plan.
For most plans the authorization will disappear within 30 days or less of your purchase. The length of this authorization is determined by your bank or credit card provider, so contact your financial institution directly for questions.
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When and how you’re charged for Digital Wallet Installments
Your first installment is charged at the time of purchase. After that, payments are charged automatically, monthly or bi-weekly, depending on the plan you selected.
Your payment date is tied to your purchase date. For example, if you complete your purchase on the 15th, your monthly payments will be charged on the 15th of each month. This date cannot be changed.
What you’ll see on your credit card statement
Your Digital Wallet Installment payments will appear on your credit card statement under the merchant’s name. In some cases, they may appear as “Splitit.”
You may also see an authorization for the full purchase amount under the merchant’s name or Splitit. This is not a charge. It’s how your future payments are secured.
Over the course of your installment plan, you’ll see multiple posted transactions on your statement, one for each installment. These will appear at regular intervals matching your payment schedule. The pending authorization amount will decrease as each installment is charged.
What’s the difference between pending and posted
How to tell the difference:
Pending/authorization = the temporary hold that decreases as you make payments. This is not a charge.
Posted transaction = an actual installment payment that has been charged to your card.
If anything looks unfamiliar, check your Splitit portal for a clear breakdown of your payment schedule and history.
Managing your Splitit installment plan
Once you’ve checked out, your installment plan is created automatically. You’ll receive an email with access to the Splitit portal, where you can:
- View your payment schedule to see exactly when each installment is due
- Update your card details if you need to switch to a different eligible credit card
- Pay off your remaining balance early at any time, with no additional charges
There are no fees for paying off your plan ahead of schedule.
Frequently asked questions
Splitit currently supports installments through Samsung Wallet in the United States.
Yes. Splitit works with eligible Visa and Mastercard credit cards. Debit cards and prepaid cards are not currently supported for installment plans.
A finance charge will apply and will vary based on your state of residence. The total cost is shown clearly before you confirm. Splitit does not charge any late fees, prepayment penalties, or other associated fees.
Yes. You can settle the remaining balance at any time through the Splitit portal. There are no early repayment fees.
Contact the merchant directly to initiate a return. If a refund is approved, it will be applied to the credit card stored in your digital wallet and your installment plan will be adjusted or cancelled.
That’s the authorization, a temporary hold for the full purchase amount. It’s not a charge. You’re only billed for each installment as it falls due.
No. Your payment date is tied to your original purchase date. For example, if you made your purchase on the 15th, your installments will be charged on the 15th of each month. This date cannot be adjusted.
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