Splitit Launches Splitit Plus, a New Payment Gateway Built Exclusively for Installment Payments
April 21 2021 - 7:30PM
Business Wire
- Splitit Plus is the company’s new payment gateway enabling
accelerated growth and seamless onboarding for merchants.
- Now merchants can sign up and accept Splitit Installments on
their e-commerce site or in-store within minutes.
Splitit, a global payment technology company (ASX:SPT), today
announced the availability of Splitit Plus, a new service enabling
merchants of all sizes to offer payment installments to their
customers in minutes. Any merchant can now activate Splitit through
the Splitit Plus gateway or any integrated gateway partner that
Splitit supports worldwide.
Splitit built Splitit Plus as an integrated payment gateway for
installment payments. Splitit Plus provides merchants an all-in-one
platform combining Splitit’s installment payment platform with a
card processing solution for the installments. Splitit Plus also
saves merchants money by offering a competitive rate and combining
payment processing and installment fees.
Merchants can now begin accepting installment payments faster
than ever before. They can sign up directly through the Splitit
Plus gateway or via one of the 90-plus integrated gateway partners
currently supported by Splitit worldwide. Approval is quick,
meaning merchants can offer interest and fee-free payment
installments to customers in minutes.
“We created Splitit Plus with a customer-first approach to
provide an exceptional merchant experience with Splitit. This
innovation of a payment gateway built exclusively for installments
makes it a fast, simple solution for merchants of any size to begin
accepting installment payments in minutes,” noted Splitit CEO Brad
Paterson.
“We believe that Splitit Plus puts us in a strong position to
continue our exciting growth trajectory. Offering a faster and
simpler onboarding experience and all-in-one fee structure allows
us to accelerate merchant acquisition for smaller and larger
merchants alike while meeting the growing demand from merchants to
add Splitit to their site or store,” added Mr. Paterson.
Additional benefits of the new Splitit Plus include:
- Fast, convenient setup: Begin accepting installment
payments in minutes.
- All-in-one account: Combines the Splitit installment
platform with card processing for installments, all managed through
one account.
- Quick, seamless integration: integrates easily with most
e-commerce platforms like Shopify, WooCommerce or Magento, or by
directly incorporating it into the checkout workflow on other
platforms.
- Simplify cash flow management: Eliminates the complexity
of reconciling multiple accounts by deducting all charges
upfront.
- Concierge chargeback service: Our fully managed service
helps with the time and inconvenience of managing the chargeback
process.
Splitit Plus integrates seamlessly into websites and e-commerce
platforms like Shopify, WooCommerce or Magento. Just like the
Splitit business model, Splitit Plus gives merchants a choice to
receive the full cost of the purchase upfront or over time as
shoppers pay their monthly installments. Splitit Plus is initially
available in the U.S., with plans for a broader rollout in multiple
countries in 2021.
Currently used by more than 2,000 merchants in over 30 countries
and shoppers in over 100 countries, Splitit invented a new way to
pay, allowing consumers to use their existing credit cards to
spread payments over time to manage their finances better. No
applications, no fees and no hassle.
To sign up or learn more about Splitit Plus, visit
www.splitit.com/splitit-plus.
About Splitit Splitit is a global payment solution
provider that enables shoppers to use the credit they’ve earned by
breaking up purchases into monthly interest-free installments using
their existing credit card. Splitit enables merchants to improve
conversion rates and increase average order value by giving
customers an easy and fast way to pay for purchases over time
without requiring additional approvals. Splitit serves many of
Internet Retailer’s top 500 merchants and is accepted by more than
2,000 e-commerce merchants in over 30 countries and shoppers in
over 100 countries. Headquartered in New York, Splitit has an
R&D center in Israel and offices in London and Australia. The
company is listed on the Australian Securities Exchange (ASX) under
ticker code SPT.
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version on businesswire.com: https://www.businesswire.com/news/home/20210421006025/en/
Media Brian Blank, Splitit, brian.blank@splitit.com
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