Splitit
The only Buy Now, Pay Later solution that lets shoppers use their existing credit.
Overview
Splitit is a global payment solution that enables customers to split their payments into manageable, interest-free monthly installments using their existing Visa or Mastercard. Unlike other BNPL providers, Splitit does not require customers to apply for a new loan. Instead, it places a hold on the customer's credit card for the total purchase amount, which is then reduced as each installment is paid.
✨ Key Features
- Uses existing credit on Visa or Mastercard
- No new financing, applications, or credit checks
- Interest-free installments
- Higher approval rates
- Customers still earn credit card rewards
🎯 Key Differentiators
- Utilizes customers' existing credit, avoiding new debt
- No credit checks or applications
- Higher approval rates and average order values
Unique Value: Offers a responsible and frictionless way for consumers to pay in installments without taking on new debt, which helps merchants convert more high-value sales.
🎯 Use Cases (3)
✅ Best For
- Increasing average order value for merchants selling high-ticket items
- Improving conversion rates by offering a frictionless installment option
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Customers who do not have a credit card with a sufficient available credit limit
🏆 Alternatives
Unlike competitors that issue new loans, Splitit's use of existing credit makes it a more seamless and responsible option for many consumers, leading to higher approval rates and larger purchases.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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