Member Exclusive, Payments

Splitit launches new integrated payment gateway for installment payments

  • Splitit Plus integrates Splitit’s signature installments platform with a payment gateway.
  • Key features include a quick set-up and seamless integration.
close

Email a Friend

Splitit launches new integrated payment gateway for installment payments

Splitit is streamlining the merchant experience with its new offering Splitit Plus, an integrated payment gateway for installment payments. 

Splitit is a buy now, pay later solution that works with a consumer’s existing line of credit. Splitit allows merchants to receive the full cost of a consumer purchase in one lump sum as is customary or over time in installments. Consumers can use their credit cards at a Splitit merchant’s checkout to break their payments into monthly installments. 

Profile

Robinhood is an online stock brokerage that offers its customers commission free trading and investing. Robinhood users can invest and trade in stocks, exchange traded funds, options, and cryptocurrency. Customers can invest in over 5,000 stocks with Robinhood, including most U.S. equities and ETFs listed on U.S. exchanges.

Robinhood Financial, LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. All cryptocurrency holdings are held in Robinhood Crypto as opposed to Robinhood Financial.

The company was founded in 2013 by Stanford roommates Baiju Bhatt and Vladimir Tenev. It has its headquarters in Menlo Park California and offices in the U.S and the UK.

Account Types

Robinhood’s products are accessible through its three different accounts: Robinhood Instant, Robinhood Gold and Robinhood Cash.

Robinhood Instant

Robinhood Instant is the default Robinhood account which is a margin account that has access to extended hours trading and instant deposits. Robinhood Instant account users do not have to wait for funds to process while selling stocks or depositing up to $1000.

Robinhood Gold

Robinhood Gold comprises a range of investing tools and premium products such as greater instant deposits starting at $5000 to a max of $50k, research from Morningstar on 1700 stocks, Level II Market Data from Nasdaq and more access to trading on margin. It has greater buying power and larger instant deposits as compared to the Robinhood Instant account.


This content is available exclusively to Tearsheet Outlier members.

\"Tearsheet Missing out? Subscribe today and you\’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on “Splitit launches new integrated payment gateway for installment payments”

Outlier OpinionsMakers

Member Exclusive, Payments

Payments Briefing: What we know so far about Twitter’s payments plans

  • This week, we explore Elon Musk’s plans for Twitter’s entry into the payments market.
  • We also take a look at Citi’s new integrated solution for institutional billers.
Ismail Umar | November 18, 2022
Payments, Power of Payments Podcast

Power of Payments Ep. 18: Chase disrupting rent payments, MoneyGram’s crypto expansion, and more

  • This week, we discuss why JPMorgan Chase is launching a digital rent payment solution, and how Americans plan to use more flexible payments this holiday season.
  • We also talk about MoneyGram’s recent crypto expansion, and the potential role of digital currencies in the remittance industry.
Ismail Umar | November 18, 2022
Payments

FedNow’s potential pitfalls for B2B payments

  • In the next six to eight months, the Federal Reserve will start rolling out FedNow, their real-time payments (RTP) service.
  • Tearsheet sat with Balaji Devarasetty, CIO of Paya, to discuss the benefits and potential pitfalls of implementing FedNow's RTP for B2B fintech providers.
Lindi Miti | November 16, 2022
Payments

A closer look at Citi’s new integrated solution for institutional billers

  • Adopting and managing digital tools is an uphill battle for incumbent institutions that involves a variety of challenges from both external and internal environments. Despite the hurdles, many traditional banking institutions continue to refine their digital offerings to align with the growing needs of their customers.
  • Citi is the latest among incumbent banks to augment its digital services.
Sara Khairi | November 15, 2022
Member Exclusive, Payments

Payments Briefing: The opportunities and challenges of embedded payments

  • This week, we talk about embedded payments: why they matter, where they are headed, and the opportunities and challenges they present for banks and incumbent FIs.
  • We also discuss BNPL for business, and the ways in which it’s different from its B2C counterpart.
Ismail Umar | November 04, 2022
More Articles