“When Splitit announced its new Installments-as-a-Service platform in May, the company knew it would drastically improve merchant performance. Now early results are proving just how much. OCM brand, the first merchant to implement the white-label installments option, has seen total sales increase by 41% and volume of orders increase by 54% compared to the previous version of Splitit the company used for the past two years… Splitit’s Installments-as-a-Service provides a merchant-branded experience embedded into the merchant’s checkout flow allowing merchants to focus on delivering a more cohesive shopping experience. Splitit’s white-label option eliminates the confusion around choosing a BNPL provider, being directed off-site or having to complete an arduous registration that can add up to seven steps to the checkout process.”

“Splitit, the white-label Buy Now, Pay Later provider, revealed today that merchant sales volume (MSV) for its education and professional development providers has increased by 350% since 2019. Splitit’s white-label installment platform is ideal for global education and professional development services, making it easier to spread the cost of higher ticket education fees over several months without needing a new loan. Additionally, consumers benefit from a zero friction user experience delivering approval rates upwards of 80%. The company has over 100 clients offering online or offline training, including upGrad, Simplilearn, Fortuna Admissions, ThinkLouder and Knowledgehut.”

“Splitit announced letus has selected Splitit to bring its Installments-as-a-Service to its cloud payment platform for the property rental market, allowing tenants to pay expenses in several interest-free installments on their credit card.   The collaboration brings a first-of-its-kind payment option to letus’s award-winning cloud payment platform for property managers and owners. 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 and Everyware, a leading contactless payments and customer engagement solutions company, have agreed to a partnership to bring Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform eliminating consumer friction for mobile installments. Everyware will integrate Splitit’s Installments-as-a-Service into its platforms to deliver an unprecedented mobile-first buy now, pay later (BNPL) solution with the least amount of friction for mobile payments. Splitit’s white-label experience provides a simple integration through its single-point API which includes network programs like Visa Installments. Any consumer credit card is automatically pre-qualified to use Splitit. There’s no application, interest or hidden fees and no changes to their credit report.”

“Splitit and BlueSnap, a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments around the world, announced the companies are enhancing their existing relationship to elevate BlueSnap to Splitit’s preferred processing partner, to simplify the buy now, pay later (BNPL) checkout experience and jointly target key verticals. The collaboration provides added visibility and distribution for Splitit through BlueSnap’s extensive network of mid-market and enterprise customers. BlueSnap’s gateway and payment processing, which accounted for over $12 billion in charge volume, will support the processing of Splitit installments in all the countries and regions where BlueSnap operates. As part of the agreement, BlueSnap will be Splitit’s preferred partner for processing installments for all joint and direct merchants.”