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.
Splitit Plus combines Splitit’s installment payment platform with a card processing solution for installments on one account.
The key difference between Splitit and Splitit Plus is that Splitit is an installments platform that connects to a merchant’s existing payment gateway. With Splitit Plus, the two layers — installments and payment gateway — have been consolidated into one product.
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