Splitit Launches Installment Payment
Solution for Debit Cards

NEW YORK, May 3, 2018 /PRNewswire/ — Splitit, the leading monthly payment solution, today announced the launch of its debit card installment payment offering in the US and Europe. Using Splitit, consumers are now able to split their purchases of $400 or less into up to three interest-free monthly payments using their existing debit cards. Additionally, using Splitit, consumers can continue to split any cost into up to 12 interest-free payments on an existing credit card without the need for applications or registrations for new credit lines. The expansion of Splitit’s payment solution will enhance purchasing power for consumers and enable merchants to offer a wider range of payment options across channels and borders, increasing sales revenue.

Splitit’s technology provides merchants an immediately implementable, consumer-oriented solution that allows customers to split the cost of purchases into interest-free monthly payments with their existing debit or credit cards, online, on mobile or in-store. With the addition of debit cards, Splitit is enabling merchants to offer customers worldwide more choice in their payment method, a move set to improve personal finance management for shoppers, decrease cart abandonment and increase average order value (AOV) for retailers.
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May 03, 2018, 09:00 ET


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