Splitit is an innovative payment solution that enables customers to convert purchases into interest-free installment payments using their existing credit cards, without the need for new credit applications or interest charges. Many businesses across various sectors leverage Splitit to offer flexible payment options, enhancing customer purchasing power and sales conversions.
Companies Utilizing Splitit
While Splitit is adopted by a diverse range of merchants globally, here are some companies that are known to use Splitit, based on recent data regarding websites employing this payment technology:
| Company | Traffic Share (Among Splitit Users) |
|---|---|
| e2language.com | 17% |
| secretlab.eu | 14% |
| bedjet.com | 9% |
| accolmile.com | 8% |
Understanding Splitit's Appeal to Businesses
Businesses choose Splitit for several key reasons:
- Increased Sales: By offering flexible payment plans, merchants can reduce cart abandonment and encourage higher value purchases.
- Enhanced Customer Experience: Customers appreciate the convenience of paying over time without incurring interest or applying for new credit.
- No Risk for Merchants: Splitit guarantees payments to merchants, as the full amount of the purchase is authorized on the customer's credit card at the time of purchase, with installments charged over time.
- Global Reach: Splitit supports multiple currencies and is available in various countries, making it suitable for international e-commerce.
This payment method is particularly beneficial for retailers selling higher-ticket items, allowing consumers to manage their budgets effectively while still acquiring desired products or services.
