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What is Splitit?

Splitit is transforming the Buy Now, Pay Later (BNPL) sector with its unique Installments-as-a-Service platform tailored for merchants. This innovative solution effectively tackles the challenges faced by businesses using conventional BNPL methods, offering a streamlined BNPL experience at the point of sale for card networks, issuers, and acquirers through a single network API. Customers are given the flexibility to break down their purchases into up to 36 interest-free monthly payments using their existing Visa or MasterCard. They also enjoy the added benefit of testing products for a period of up to 90 days before making a decision to keep them. After testing, customers have the option to either pay the full amount upfront or start an installment payment plan. Moreover, if they encounter a situation where their available credit is insufficient on one card, they can distribute their installment payments between two different credit cards. This level of flexibility allows shoppers to obtain their desired items without the need to seek additional credit or accrue debt, ultimately creating a more convenient and accessible shopping experience. These cutting-edge features not only boost customer satisfaction but also increase sales for merchants, showcasing the platform's effectiveness in the evolving retail landscape. Additionally, Splitit's approach ensures that both consumers and businesses can navigate the purchasing process with greater ease and confidence.

What is Perpay?

Perpay is an innovative financial technology company that offers a unique buy now, pay later service, allowing consumers to shop seamlessly within its marketplace. This platform enables users to break down the cost of their purchases over time, without incurring interest or additional fees. Shoppers can easily manage their payments in installments directly on the site. To get started with Perpay, individuals must create an online account, which then helps establish an estimated spending limit tailored to their profile. Once this limit is set, users are free to browse the extensive online marketplace. At the time of checkout, customers submit their chosen items for approval, and upon receiving confirmation, they are sent an email detailing the payment process. After the first payment is completed, Perpay ensures that the purchased items are shipped directly to the customer. This entire operation acts as a preapproved payment plan, completely free from any interest or hidden charges. Moreover, Perpay enhances the repayment experience by automatically deducting the owed amount from customers' paychecks, which simplifies budgeting and makes purchasing more straightforward. Ultimately, Perpay emerges as a convenient and user-centric solution for individuals aiming to manage their finances effectively while enjoying the flexibility of installment payments. With its straightforward process and customer-friendly features, Perpay is well-positioned to meet the needs of today's savvy shoppers.

Media

Media

Integrations Supported

ADP Embedded Payroll
BigCommerce
BlueSnap
Equifax BusinessConnect
Experian Connect
Magento
PayPal
PayPal Checkout
PrestaShop
Quickwork
Shopify
TransUnion Collections Management
WooCommerce

Integrations Supported

ADP Embedded Payroll
BigCommerce
BlueSnap
Equifax BusinessConnect
Experian Connect
Magento
PayPal
PayPal Checkout
PrestaShop
Quickwork
Shopify
TransUnion Collections Management
WooCommerce

API Availability

Has API

API Availability

Has API

Pricing Information

1.5% + $1.50 per installment
Free Trial Offered?
Free Version

Pricing Information

Free
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Splitit

Date Founded

2012

Company Location

United States

Company Website

www.splitit.com

Company Facts

Organization Name

Perpay

Company Location

United States

Company Website

perpay.com

Categories and Features

Shopping Cart

Abandoned Cart Saver
Catalog Management
Credit Card Processing
Discount / Coupon Management
Inventory Control
Product Configurator
Product Ratings / Reviews
Refund Management
Returns Management
Shipping Management
Tax Management

Categories and Features

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