Best Payment Platform for our business
What do you like best?
Ability to offer 0% financing with no fees for the consumer, with low merchant fees. Intuitive set-up and easy-to-use dashboard. Integration with Shopify and other eCommerce platforms.
What do you dislike?
Customer needs to have available credit on their credit card(s)
What problems are you solving with the product? What benefits have you realized?
Some of our customers do not have the cash available to purchase our product at the time of delivery, and Splitit offers a simple solution to break up those payments over 12 or 18 months. The customer gets 0% interest with no fees, as long as they pay their monthly installments to their credit card company on time. The only fees or interest will be charged by their credit card company if the payments are not made on time. We pay a low service fee. But we are also protected since a hold is placed on the customer's credit card. Splitit is the only payment provider that made it possible for us to offer 0% financing to our customers with a low merchant fee!
We have had multiple customers who could not have purchased our product without Splitit, and we have improved our conversion rates and AOV.