Splitit has announced the launch of its debit card instalment payment offering in the US and Europe. Using Splitit, customers are now able to split their purchases of US$400 or less into up to three interest-free monthly payments using their existing debit cards. Additionally, using Splitit, customers can continue to split any cost into up to 12 interest-free payments on an existing credit card without the need for applications or registrations for new credit lines.
Splitit’s technology provides merchants with a solution that allows customers to split the cost of purchases into interest-free monthly payments with their existing debit or credit cards, online, on mobile or in-store. With the addition of debit cards, Splitit is enabling merchants to offer customers worldwide more choice in their payment method.