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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 Sezzle?

Sezzle, a public-benefit corporation located in Minneapolis, Minnesota, is dedicated to empowering the financial futures of the younger generation. Recognized as the top-rated Buy Now, Pay Later service, Sezzle provides millions of consumers in the U.S. and Canada with opportunities for financial autonomy, enhanced spending control, and increased accountability. With Sezzle, shoppers can split their payments into four installments over six weeks when they shop from a network of over 17,500 online retailers. Additionally, users have the option to defer their payment once without incurring any charges, while late payment penalties amount to $10. Sezzle positions itself as a financially responsible alternative for consumers looking to buy now and pay later. For merchants, the advantages include higher conversion rates, increased average order value, and more frequent shopping visits. The icing on the cake is that Sezzle takes on the risks associated with fraud and chargebacks, as well as the responsibility for repayments. This setup creates a mutually beneficial scenario for all parties involved. By fostering trust and accountability, Sezzle not only enhances consumer experiences but also supports merchants in driving sales growth.

Media

Media

Integrations Supported

BigCommerce
Magento
Shopify
WooCommerce
BlueSnap
PayPal Checkout
PrestaShop
Quickwork

Integrations Supported

BigCommerce
Magento
Shopify
WooCommerce
Appbrew
BuyItLive
Canopy
Cybersource
GetVantage
Juspay
ResponseCRM
SAP Store
Salesforce Agentforce Commerce
SensePass
ShipBob

API Availability

Has API

API Availability

Pricing Information

1.5% + $1.50 per installment
Receive the full cost of the purchase upfront: 3% + $1.00 per installment*

Pricing Information

Sezzle charges a per-transaction fee, that includes payment processing, upfront payout, and assumption of all risk.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Splitit

Date Founded

2012

Company Location

United States

Company Website

www.splitit.com

Company Facts

Organization Name

Sezzle

Date Founded

2016

Company Location

United States

Company Website

sezzle.com/merchants

Categories and Features

Buy Now Pay Later

Not specified

Shopping Cart

Abandoned Cart Saver

Categories and Features

Buy Now Pay Later

Not specified

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