SplitIt

SplitIt is a payment solution that enables consumers to split purchases into interest-free installments using their existing credit cards without requiring additional applications or credit checks. The platform allows shoppers to pay for purchases over time while merchants receive full payment upfront. SplitIt places a hold on the customer's credit card for the full amount and charges installments according to the agreed schedule. It is commonly used by e-commerce merchants, retailers, and service providers offering higher-priced products or services. The solution integrates with major e-commerce platforms including Shopify, Magento, WooCommerce, and payment gateways. SplitIt helps merchants increase average order values and conversion rates by offering flexible payment options. Consumers benefit from installment payments without incurring interest charges or debt accumulation associated with traditional financing.