How It Works
No Application, Registration or Credit Check
Using the Visa and MasterCard credit cards they already carry in their wallets, you can now offer your customers interest-free monthly payments right at the point of sale. Our patented solution works just like a regular credit card transaction and operates on your current payment gateway.
Here’s How It Works
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That’s it – they’re done!
Step 3
That’s it – they’re done!
SplitIt 360º allows shoppers to pay in monthly payments easily, wherever and whenever they want!
Customer pays for his purchase using Splitit; an installment plan is created
Splitit authorizes the full amount of the purchase on the shopper’s existing credit card and holds their credit line for the entire amount
The first installment is charged a few seconds after the purchase authorization or upon shipping
Splitit reauthorizes the outstanding amount when the previous authorization is about to expire
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
