Drive more conversions
With no registrations, a fast checkout and high approval rates, Splitit on average drives 30% more conversions.
Retain your customers
At Splitit, we don’t acquire your customers, harvest their data, or cross-sell to them.
Splitit unlocks $3T of existing underwritten credit, so there’s no need for consumers to take out a new loan.
Provide the customer with a Splitit payment link or QR code. They can receive the link via an email or SMS.
The customer opens the payment link on their browser or smartphone, enters their credit card details and chooses from 3, 6, 9 or 12 monthly payments.
Their card will be charged for the first payment. A temporary hold (authorization) will be taken for the total remaining balance to guarantee future payments. This authorization uses the existing credit available on their card, so they don’t need to take out a new loan.
Splitit provides you with the option to offer your customers 3, 6, 9 or 12 monthly payment plans. SimpleSelect are on a funded plan, so that means you will receive the funds upfront when your customer makes a purchase.
3 month plans
6 month plans
9 month plans
12 month plans
Frequently asked questions
Applicants must go through KYC and an underwriting process in order to be approved.
After you have completed your online registration, we will contact you to ask for additional documents. We normally require:
- CPA-compiled financial statements (Balance Sheet and Profit and Loss statement) or a complete U.S. Corporation Income Tax Return for the most recent fiscal year.
- Internally prepared year-to-date financial statements (Balance Sheet and Profit and Loss statement).
- Complete monthly statements/invoices from your current merchant account provider or payment gateway (must show chargebacks and refunds) for the past 3 months.
- Full names, dates of birth, home addresses, and photo IDs for all beneficial owners with 25% or more ownership in the company.
If the plan is canceled, our system will recalculate the fees according to the number of days that the plan was funded and the amount still owed to Splitit. Splitit will then direct debit the merchant for the amount owed to Splitit.
If the card expires or is canceled, the customer has a 7 day grace period to update their information in their portal. If it isn’t resolved within the 7 days then the remaining amount owed (pre-authorization remaining) is then charged.
Splitit eliminates the credit risk for the merchant. We guarantee the full amount of the purchase so there is no risk that the merchant will not receive the payment.
All transactions are paid to the merchant within 3 business days.
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Up to $2m
Get started today with our self-onboarding portal, perfect for businesses with up to $2 million annual sales.
Create your Splitit business account and easily add Splitit to your Ecommerce store.
Tailored to businesses with over $2 million annual sales
Please get in touch and our dedicated sales team will contact you shortly.
Use your existing credit card without the interest
You don’t need an account to use Splitit. Find us at the checkout at your favorite stores.