Splitit

Splitit

Overview

Splitit offers a seamless card-linked installment solution, empowering businesses to increase sales, improve customer retention, and boost conversion rates. No credit checks or new loans are required. Customers only need available credit for payments, and the platform provides a user-friendly experience with no interest charges, making it a convenient and cost-effective solution.

Splitit Specifications

Multi-channel management

SSL Security

Order management

Promotions management

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What Is Splitit?

Splitit software is a global payment platform that enables shoppers to make interest-free installment payments using their existing credit cards. It integrates seamlessly into merchant checkouts, offering a white-label solution that enhances customer experience without introducing new debt or credit checks. Splitit supports both online and in-person transactions, providing flexible payment options across various industries, including e-commerce, education, healthcare, and retail.

Splitit Pricing

The Splitit cost ranges in two customizable packages:

  • Core
  • Managed
Request a custom quote specific to your business needs.

Disclaimer: The pricing is subject to change.

Splitit Integrations

Splitit supports integrations with various third-party applications, including:

Watch a free Splitit demo to learn more about its integration.

Who Is Splitit For?

Splitit serves both shoppers and merchants of businesses across a range of industries, including:

  • E-commerce
  • Education
  • Healthcare
  • B2B
  • Home services
  • Retail

Is Splitit Right For You?

Splitit is a robust e-commerce payment solution that provides installment payment options for online shoppers using their existing credit cards. It helps merchants boost conversion rates and average order values while enhancing the customer shopping experience. Its main benefits include transaction insurance, fraud protection, and improved conversion rates for merchants. Splitit also easily integrates with existing payment systems and builds customer trust through its most-lauded features like "Pay After Delivery."

Are you still unsure about Splitit? Contact us at (661) 384-7070 and get expert guidance from our team regarding any further queries.

Splitit Features

Splitit enables merchants to offer embedded card-linked installments directly at checkout. It increases approval rates and order values without requiring new loans or applications in order to drive seamless transactions and improve customer retention through the platform.

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This feature enables flexible plan setup across in-person, phone, and online channels, without added credit checks. It helps businesses streamline transactions and increase sales with minimal customer friction or setup complexity.

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The solution enables deferred payments until after product delivery, increasing shopper trust and conversion while ensuring guaranteed merchant payments. This feature pairs with Installments-as-a-Service to support higher-value sales without upfront costs or complex approval steps.

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The software streamlines the payment process by allowing transactions with an existing credit card, mitigating the necessity for additional applications or credit checks. This approach speeds up checkout, reduces friction, and enhances the overall shopping experience.

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Splitit allows customers to continue earning rewards, transaction insurance, and fraud protection by using an existing credit card for payments. This feature ensures that all the benefits typically associated with credit card usage remain intact.

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Pros And Cons of Splitit

Pros

  • 0% interest on installment payments

  • No credit checks or fees for customers

  • High approval rates for card-based installment payments

Cons

  • Some users noticed occasional issues with integrations (e.g., Magento 2 extension)

  • Issues with credit card holds, leading to card maxing out

Splitit Reviews

Total 20 reviews

4.3

All reviews are from verified customers

Rating Distribution

5

Stars

70%

4

Stars

15%

3

Stars

0%

2

Stars

0%

1

Stars

15%

Share your experience

VU

Verified User

Education Management, 500+ employees

1.0
Dec 01, 2024

“Misleading service so be careful

Pros

At first the payment plan looks simple. In reality it is not as it feels to me a total scam.

Cons

Warning: never give them your credit card. It places a full authorization hold on your card every 18 days which made my card appear maxed out even though the actual charges were only for the payments. For example I used it to pay a $6,500 tuition with $1,500 upfront and $711 monthly installments. They authorized the $1,500 then $4,500 for the rest plus $711 for a payment maxing out my $10,000 limit on just one $711 payment. Plus I realized this only when my card got declined at a restaurant. After a couple of weeks they re-authorized $4,500 but did not charge it, then authorized $711 but that payment got flagged as fraud by the card company. Then Splitit charged the full $4,500 all at once. They took their financing fee but never actually financed anything. My credit card company even labeled them a high risk merchant with many fraud reports. So I don't trust Splitit and I blame Simplilearn too for involving me with them.

Rating Distribution

Ease of use

2

Value for money

2

Customer Support

2

Functionality

2

VU

Verified User

Consulting, 11-50 employees

1.0
Aug 21, 2023

“Not transparent at all

Pros

Offering 0% on deferred payments is definitely a strong point and I cannot really argue against that main benefit.

Cons

It immediately puts a credit hold for the full purchase amount then reduces it monthly. But the new hold is applied before the old one is released so customers need almost double the credit line like full amount plus full amount minus one payment. This can cause defaults even if the customer has enough credit for the next payment because the holds overlap. Also it is confusing and almost seems to me like it is designed to trigger payment failures.

Rating Distribution

Ease of use

2

Value for money

2

Customer Support

2

Functionality

2

AR

Amanda R.

Small Business, 11-50 employees

1.0
Nov 09, 2022

“really bad experience

Pros

Customer service was awful and the installment plan didn't work out for me. Plus I keep wondering why I did not just use my credit card instead. Bad decision as it is a wrong site.

Cons

Zero stars as they insist on charging me before the due dates which I hate. If due dates exist, why charge early? Plus terrible customer service and payment system. I will think twice next time.

Rating Distribution

Ease of use

2

Value for money

2

Customer Support

2

Functionality

2

View All 20 Reviews

Frequently Asked Questions

Yes, Splitit offers API access.

Splitit offers language support in German, Spanish, French, Japanese, and Portuguese.

Splitit integrates with a variety of third-party platforms, including BigCommerce, Magento, Shopify, Wix, WooCommerce, etc.

The Splitit cost comes in two customizable packages: Core and Managed. So, request a custom quote for a plan or a breakdown of both packages to pick the one that best fits your requirements.

Splitit provides support through web forms, chat, email, FAQs, and general resources.

Splitit supports a broad spectrum of industries, including e-commerce, education, healthcare, healthcare B2B, home services, and retail.

No, Splitit doesn’t have a mobile app for iOS and Android devices.