Installments-as-a-Service
Putting the power back in the hands of merchants to retain customers, drive conversion, and increase average order value.
Splitit provides the technology that empowers you to offer installment payments embedded within your existing customer journey.
Own the end-to-end journey
Our white-label solution puts your brand at the centre, allowing you to keep control of your customer journey and increasing your brand loyalty.
No third-party registration or redirects
Splitit embeds in the current purchase flow allowing any consumer with an active credit card to use the service – there’s no registration or application needed!
No competitive cross sell to your shoppers
Unlike legacy ‘Buy now, pay later’ providers, we don’t acquire your customers, harvest their data, or cross-sell to them. Your shoppers remain your shoppers.
Installment plan
Splitit authorizes the full amount of the purchase on the shopper’s existing credit card and reserves the balance from their credit card until final payment is made. Shoppers can choose to split their payments over 2-24 monthly installments all within your payment journey.
First installment
The first installment is charged a few seconds after the purchase authorization or upon shipping.
Reauthorization
Splitit reauthorizes the outstanding amount when the previous authorization is about to expire.
Pay monthly
Splitit will charge the shopper’s credit card every month until the plan is finished, reducing the hold on their credit line each month by the payment amount.
The future-proof pay-later option
Splitit provides the technology that empowers merchants to offer installment payments embedded within their customer journey. We are the only installment payment solution that allows shoppers to use their existing credit card at checkout without increasing their debt.
| Feature | Legacy BNPL | Splitit |
|---|---|---|
| Use Existing Credit | ||
| No Registration | ||
| White-label | ||
| Google Pay/Apple Pay | ||
| At Checkout | ||
| Merchant Integrations | ||
| Industry Agnostic | ||
| No Credit Check | ||
| Low Risk | ||
| Average Order Value | $250 | $1,000+ |
Pay monthly
Give your customers the option to pay in monthly installments. From 2 to 24 installments available.
Pay every two weeks
For added flexibility, we also offer the option for your customers to split the cost of their purchase and make a payment every 2 weeks.
Partial installments
Allow your customers to pay a larger sum upfront and split the rest over time.
Pay on delivery
Allow customers to pay when the item is delivered. You can also offer for customers to pay with installments after delivery (just like Cash on Delivery, but digital!).
Join our community of happy Merchants
Give your customers a more compelling way to pay.
Frequently asked questions
Installment payments allow customers to spread the cost of a product or service, instead of paying the whole price at once. Depending on the plan they choose, shoppers only pay a percentage of the cost and pay the rest in equal monthly payments over an agreed period.
Installment payments offer customers the flexibility to purchase higher-end, quality products and services but spread the cost over a time that suits them. Offering installment options to your customers increases conversion, along with average order value and builds brand loyalty. With Splitit, there are never any hidden fees or interest rates and customers can also enjoy the usual benefits of using their existing credit card.
Splitit provides the technology to fully integrate into your existing payment platforms, simplifying the journey to purchase. Our services work as a layer between your ecommerce platform and your existing payment gateway. Splitit can be set up easily via a single API integration, which works globally.
Credit checks are not needed to make use of our Installments-as-a-Service solution and it will not affect your customer’s credit score. All a customer needs is their existing credit card and enough available credit to cover the cost of the purchase.
