letus selects Splitit’s Installments-as-a-Service for the rental market

By Edlyn Cardoza

letus has selected Splitit to bring its Installments-as-a-Service to its cloud payment platform for the property rental market. The partnership will allow tenants to pay expenses in several interest-free installments on their credit cards. Tenants can spread the costs of expenses such as rent or security deposits over several monthly installments on their preferred credit cards with no additional interest charges.

“Splitit helps us reach our objective to bring innovative technology and tools to alleviate some of the biggest hurdles for tenants and property managers alike,” said letus’s CEO Jean-Francois Brissot. “The ability to integrate Splitit’s white-label solution into our platform ensures a seamless and simple experience helping foster a stronger relationship between tenants and landlords.”

letus’s cloud payment platform offers flexible rent, credit reporting and 360-degree payment solutions that empower its customers to take control of their finances. Property managers can efficiently collect rent and allow tenants to choose how they pay rent while reconciling all payments on one fully integrated and secure platform backed by an ecosystem of partners.

“letus is a perfect example of the power of Splitit’s Installments-as-a-Service platform. We are the technology enabler, helping an innovative company like letus offer installment payments on their terms,” said Splitit’s CEO Nandan Sheth. “Our flexible platform is easily embedded within the existing payment experience without the added complexities of legacy third-party installment payment options.”

Splitit’s white-label installments solution provides a simple single-point API integration, ensuring letus delivers a consistent and branded experience embedded directly in the platform. Any consumer with the available balance on their credit card is automatically pre-qualified to use Splitit. There’s no application, registration or redirects and no additional interest, hidden fees and or credit checks.