Splitit Unveils Interest-Free Installment Payment Solution on Shopify

Splitit Unveils Interest-Free Installment Payment Solution on Shopify
07.06.2016 07:45 am

Splitit Unveils Interest-Free Installment Payment Solution on Shopify


Splitit, an interest-free installment payments technology, announced today the launch of its Shopify plugin, available to all merchants on Shopify’s App store. Merchants using Shopify will now be able to seamlessly integrate Splitit’s payment tool into their checkout process, allowing customers to instantly split purchases into interest-free monthly payments on their existing Visa and MasterCard credit cards.

“We are happy to offer Shopify merchants an easy way to boost sales and improve customer satisfaction by offering interest-free monthly payments at checkout to their customers,” said Gil Don, CEO of Splitit. “With online sales at an all-time high, it’s imperative that merchants optimize their ecommerce businesses to meet consumer demand, which we have found to be increasingly more in favor of installment payments over other traditional incentives such as discounts and free shipping.”

Splitit’s plugin on Shopify is the latest in its suite of plugins for ecommerce platforms including WooCommerce and Magento. Merchants using Splitit across these platforms report an average increase of 20% on overall sales within the first two months of implementation and consumers enjoy better cash flow management and an increase in purchasing power.

Shopify is one of the fastest growing ecommerce platforms for businesses with over 275,000 companies using the platform in 150 countries.

Related News

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across... Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23%... Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to... Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers... Read more »

Digital Payments in Europe to Surpass $802bn Transaction Value This Year

The increasing number of mobile phone users and the massive growth of eCommerce have led to the rapid adoption of digital payments all over the world. Cashless payments have... Read more »

SumUp launches free Mobile Payments and Invoicing across Europe to help consumers pay safely and remotely via smartphone

As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere - SumUp, the London-headquartered fintech and leading provider of digital payments... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel