TrustRadius Insights
Splitit has become a solution for shoppers who may not be able to afford high price products in one go. Customers can make payments over …
Overview
What is Splitit?
Splitit, headquartered in New York, enables e-commerce merchants to offer interest-free monthly installment payments to their customers at the point of sale. Customers do not have to apply for a new credit line or qualify for a new credit card.…
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Standard
(UK 1.5% + £1.50 per installment)
Cloud
Funded
(UK 3% + £1.00 per installment)
Cloud
Entry-level set up fee?
- No setup fee
For the latest information on pricing, visithttps://www.splitit.com/pricing
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Details
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- Integrations
- Tech Details
What is Splitit?
Splitit Video
How Splitit Works
Splitit Integrations
Splitit Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Splitit has become a solution for shoppers who may not be able to afford high price products in one go. Customers can make payments over time and manage their cash flow without needing to worry about interest charges or fees. This increases access to high-quality products that were once out of reach. The installment payment plan offered by Splitit has been praised by many customers who have used the service to complete purchases they otherwise would not have been able to make.
Aside from empowering shoppers, Splitit simplifies accounting for merchants and reduces default rates. Merchants can more easily manage collections and increase conversion rates through this payment option. Businesses have found that implementing Splitit's payment solution has increased sales and average order value. Additionally, since merchants hold on to the customer's credit card details, they receive guaranteed payments without any risks associated with fraud or chargebacks. Overall, Splitit's service provides a mutually beneficial solution for both merchants and shoppers while solving business problems such as managing collections and increasing conversion rates.
Flexible Payment Options: Customers appreciate the flexibility provided by Splitit's payment product, with many reviewers mentioning the ability to pay over time without credit checks or high fees. Some users have also noted that they can choose a number of payments, allowing them to purchase expensive items without crashing their monthly budget.
Ease of Use: The ease of use of Splitit is its most helpful attribute according to several customers, with an incredibly easy interface that takes away all complication for both customers and merchants. Additionally, Splitit does not require heavy integration to get it live in checkout, making it a straightforward installment payment solution that is quick and easy to implement.
Increased Sales & Revenue: Since implementing Splitit, users have seen an increase in sales, users, and AOV (average order value), making it the easiest method of increasing revenue. Several reviewers have mentioned how simple the integration process is and how great customer service has been in assisting with any issues related to implementation or usage.
Difficulty of use: Some users have found Splitit difficult to understand, requiring the company to produce their own documentation explaining how it works.
Technical issues: Several reviewers reported experiencing technical difficulties while using Splitit that are still being resolved by the company.
Limited card support: Users who do not have a credit card or who prefer using AMEX will be unable to utilize Splitit's services as it only supports credit cards from certain providers.