Splitit
Installment payment and buy now pay later (BNPL) software
Payment software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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- Retail and wholesale
- Arts, entertainment, and recreation
- Accommodation and food services
What is Splitit
Splitit is an installment payments platform that lets merchants offer pay-over-time options using a shopper’s existing credit card. It targets ecommerce and omnichannel businesses that want to add BNPL-style installments at checkout without issuing new consumer credit. Splitit typically places an authorization hold for the full purchase amount and captures payments in scheduled installments, which can reduce the need for a separate consumer application flow.
Uses existing credit cards
Splitit structures installments on a consumer’s existing credit card rather than creating a new loan account. This can simplify the checkout experience compared with BNPL models that require separate underwriting or new credit lines. It also allows merchants to offer installments to customers who already have available credit on their cards.
Merchant checkout integrations
Splitit provides integration options intended for online checkout flows, including APIs and common ecommerce/payment integrations. This supports embedding installment selection within the merchant’s existing payment experience. For businesses comparing payment and BNPL tools, this can reduce the need to rebuild the full payments stack to add installments.
Installment scheduling and controls
The platform supports configurable installment plans and payment scheduling for eligible transactions. Merchants can align installment terms with product price points and return/refund policies. Operational controls around captures and settlement help finance teams reconcile installment-based orders.
Requires sufficient card availability
Because the model relies on a customer’s existing credit card and available credit, approvals depend on card limits and issuer behavior. Customers without a credit card, or with limited available credit, may not be able to use the option. This can reduce reach versus BNPL providers that extend credit directly to consumers.
Authorization hold considerations
Splitit’s approach commonly involves authorizing the full purchase amount up front, which can affect customer experience if the hold reduces available credit. Issuer rules and authorization timeframes can vary, which may lead to declines or the need to reauthorize. Merchants may need to manage customer support and messaging around holds and partial captures.
Geography and payment method scope
Coverage depends on supported countries, card networks, and acquiring/processing arrangements, which may not match the breadth of some global payment platforms. Businesses with significant non-card payment volume (e.g., bank transfer or wallets) may need additional providers. Multi-region rollouts can require validation of local availability and compliance requirements.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Essential | Get a quote (contact sales) | "Offer installments at no extra cost beyond processing"; Consumer APR up to 35.99% (lending provided by Splitit Consumer Funding LLC); US only (default max order $10,000); max 12 installments; white-label/global acceptance. |
| Flex | Get a quote (contact sales) | Balanced consumer APR and merchant fees; Consumer APR 0–35.99%; US only (default max order $10,000); max 12 installments; white-label/global acceptance. |
| Premium | Get a quote (contact sales) | No added consumer APR (0%); merchant receives full purchase amount upfront; default max order $10,000; max 12 installments; white-label/global acceptance. |
| Premium Lite | Get a quote (contact sales) | No added consumer APR (0%) with reduced upfront funding to lower merchant fees; partial upfront funding; default max order $10,000; max 12 installments; max 12 installments. |
Seller details
Splitit Payments Ltd.
New York, NY, USA
2012
Public
https://www.splitit.com/
https://x.com/Splitit
https://www.linkedin.com/company/splitit/
