back Back

Splitit unveils Splitit Plus; a new payment gateway for installment payments

By Pavithra R

April 23, 2021

  • China
  • Splitit
Share

Splitit unveils Splitit Plus; a new payment gateway for installment paymentsSplitit Payments, a global payment solutions provider that enables shoppers to pay instalments via their credit cards, has announced the launch of Splitit Plus, a new service enabling merchants of all sizes to offer payment installments to their customers within minutes.

Merchants throughout the world can now activate Splitit through the Splitit Plus gateway or any integrated gateway partner that Splitit supports. The new Splitit Plus is built as an integrated payment gateway for installment payments. It is 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. It gives merchants a choice to receive the full cost of the purchase upfront or over time as shoppers pay their monthly installments.

“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,” said 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.

Benefits of Splitit Plus include:

  • Fast, convenient setup.
  • All-in-one account.
  • Quick, seamless integration: integrates 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: Fully managed service helps with the time and inconvenience of managing the chargeback process.

Founded in 2012, Splitit’s patented technology enables e-commerce merchants to offer interest-free monthly instalment payments to their customers at the point of sale. Its vision is to be a leading provider of interest-free, card-based instalment payment solutions for merchants and shoppers worldwide. Splitit Plus will be initially available in the U.S., with plans for a broader rollout in multiple countries in 2021.

Previous Article

April 23, 2021

Wirecard to sell its Asian payment gateway to WOW Digital Technologies

Read More
Next Article

April 23, 2021

Mashreq Bank appoints new Head of Business Banking & NEOBiz

Read More








IBSi Daily News Analysis

March 22, 2024

China

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

5 Major FinTech Acquisitions announced in March 2024

Read More

March 28, 2024

Tempo France suspends classical remittances, to focus on DeFi

Read More

March 28, 2024

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023