Splitit lets shoppers divide a purchase into installments using available credit on an existing credit card, without opening a new credit account or applying for a loan. For standard card installments, the first charge is generally made at purchase and later payments are charged automatically monthly or bi-weekly. The full purchase amount is temporarily authorized on the card while installments are billed as they come due. Shoppers can pay off the remaining balance early without a fee, and checkout requires no app download or account setup. Payment dates cannot be changed, and supported cards depend on the merchant and plan; Visa and Mastercard are typically accepted, while debit and prepaid cards are not supported for these plans. Pay After Delivery charges the card when delivery is confirmed, though the card may be charged in full if confirmation misses the merchant’s stated timeframe. Digital Wallet Installments are supported through Samsung Wallet in the United States and carry a state-dependent finance charge. Merchants can integrate through plugins, hosted checkout, APIs, or Splitit Go. The service is paid, with pricing on request.
Who it is for
Splitit may suit shoppers who want installments charged to an existing credit card, and merchants in retail, e-commerce, home services, education, or medical and wellness. Shoppers should confirm card eligibility and understand the full-amount authorization hold.
What is good
- No new credit account or loan application is required.
- Shoppers can pay the balance early without a fee.
- Checkout requires no app download or account setup.
- Merchants can integrate through plugins or APIs.
- Supports monthly and bi-weekly installment schedules.
What to know first
- The full purchase amount is temporarily authorized.
- Payment dates cannot be changed.
- Debit and prepaid cards are not supported for these plans.
- Digital Wallet Installments carry a finance charge.
Verdict
Splitit provides installment checkout against existing card credit, with merchant integration options and no shopper account setup requirement. Card eligibility, the authorization hold, and any plan-specific charges should be considered before use.
Compared on buy now, pay later platforms
- Checkout channels
- omnichannel
- Repayment terms
- monthly; biweekly; partial installments; pay after delivery; up to 12 installments
- Merchant platforms
- BigCommerce; Magento; Salesforce Commerce Cloud; Shopify; Wix; WooCommerce; SAP Commerce Cloud
- Merchant settlement
- next day
- Consumer regions
- 100+ countries
- Merchant dashboard
- Yes
