Installments-as-a-Service

Putting the power back in the hands of merchants to retain customers, drive conversion, and increase average order value.

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How Splitit works

Splitit is the only installment payment solution that allows shoppers to use their existing credit card at checkout without increasing their debt, enabling consumers to shop more responsibly. There’s no added interest or hidden fees, plus they get all the benefits of paying with their existing credit card, including rewards, transaction insurance and protection against fraud.

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 3-24 monthly installments all within your playment 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.

Splitit’s white-label experience

Splitit’s Installments-as-a-Service platform is a new way to drive installment payments through a merchant-branded experience. While merchants are experiencing increased sales with legacy BNPL, they also face several challenges: losing control of consumer relationships, poor checkout conversion due to consumer friction, low credit approval rates and heightened regulatory scrutiny. Splitit’s Installments-as-a-Service platform mitigates these issues, making it the most attractive value proposition for merchants.

Embedded Installments-as-a-Service

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.

How we’re different

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
At Checkout
Merchant Integrations
Industry Agnostic
No Credit Check
Low Risk
Average Order Value	$250	$1,000+

Frequently asked questions

What are installment payments?

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.

Why offer installment payments?

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.

How does Installments-as-a-Service work?

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.

Is a credit check required for Installments-as-a-Service?

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.