Does Splitit charge a fee?

What fees does Splitit charge me? Paying with Splitit is always 0% interest, and there are never any late fees.

How does Splitit work for merchants?

How does Splitit work? Splitit is an option built directly into its partner retailers’ online checkout. Once the shopper selects Splitit as their payment option, they will first choose the number of interest-free payments they want to make. These payments can be made over three, six, 12 or 24 months.

What happens if you dont pay Splitit?

Since you don’t actually pay Splitit, there are no late fees and it Splitit won’t report your account to collections. However, making late payments on your credit card typically results in a late fee and negatively impacts your credit.


Is Splitit like Afterpay?

Reviewers felt that Splitit meets the needs of their business better than Afterpay. When comparing quality of ongoing product support, reviewers felt that Splitit is the preferred option. For feature updates and roadmaps, our reviewers preferred the direction of Splitit over Afterpay.

Can Splitit be used anywhere?

You may use Splitit with a Visa, Mastercard or Discover if the merchant accepts it. In some cases, some merchants may not accept credit cards from certain networks. Debit cards, prepaid cards and other types of credit cards aren’t accepted.

Does Splitit work with debit cards?

You can pay using Splitit with a Mastercard or Visa. Debit cards, American Express and pre-paid cards are not accepted.

Does Amazon accept Splitit?

Unfortunately, Amazon does not allow customers to split payments between two debit/credit cards as of 2022. However, Amazon does allow customers to use a gift card to divide payments. A split payment must be done with a gift card and a debit/ credit card, otherwise, Amazon cannot accept the split payment.

Does Splitit hold the entire amount?

Splitit maintains a hold on a consumer’s credit card for the entire amount but charges only the current installment. It temporarily decreases their available credit limit by blocking the total amount of the purchase, until the transaction is complete.

Whats the difference between affirm and Splitit?

Splitit vs Affirm You make your first payment one month after your purchase and the remaining payments on the same date each month. Unlike Splitit, Affirm charges interest rates up to 30%.

Does Splitit work in the US?

How it Works. By selecting the “Splitit” payment option at the checkout page and accepting this Agreement, you authorize us to charge the eligible card you select at checkout (or later provide to us) over time in the number of payments that you have selected at checkout (we call these payments “Installments“).

Is Splitit like Klarna?

Splitit works differently than traditional Buy Now, Pay Later models such as Afterpay and Klarna, among others. They pay no interest on the Splitit purchase, which can be divided into up to 12 equal installments, as long as they pay their credit card bill on time each month.

Can you pay bills with Splitit?

Splitit pays the merchant directly and bills your credit card in small, manageable payments over time. This is a great solution if you have the existing credit to buy the item(s), but the interest and fees make the purchase unmanageable or not worth it.

Does Splitit work in Australia?

You may use the Splitit Platform on a non-exclusive, non-transferrable, limited basis for as long as this Platform Agreement is in force and you are current in paying all your Fees.

Why is Splitit different?

Splitit differs from Afterpay in that it uses the available credit on a customers’ existing credit card to secure the full value of the transaction, with customers paying the monthly instalments. The whole premise of the buy now, pay later service is that it is free to customers.

How does Affirm make revenue?

Affirm makes money through the interest that customers pay on the loan. The company’s average APR is 18 percent. Merchants furthermore pay Affirm a percentage fee of the product’s sales price in exchange for managing the payment and taking on the risk of default.

Is Splitit a good investment?

Splitit has been the worst-performing BNPL stock in Prophets BNPL Hypothetical index losing nearly 70% of their value. This is in comparison to the best performing share in the index being IOUPay which has gained ~48% over the same period.

How do I use Chillpay?

Simply shop with one of your favorite stores found in the Shop Directory and choose Installments by Chillpay as your payment method at checkout. First-time shoppers provide payment details as usual, returning shoppers simply log in to make their purchase. It’s that easy!

Who owns Splitit?

Brad Paterson, CEO of Splitit: I’ve spent more than 20 years working in global FinTech for companies including PayPal, Visa and Intuit.

Can you use 2 cards on Amazon?

You can split payment between one of the accepted credit or debit cards and an Gift Card, but you can’t split payment among multiple cards. For more information, visit

Is Splitit secure?

Splitit is committed to safeguarding customer information. To accomplish that, we invest significant resources to provide secure and reliable payment solutions for you and your customers.

Does Splitit accept prepaid cards?

A: Since there is no credit line, there is a fixed available balance- like with a debit card- that cannot go into minus. Therefore, an authorization would freeze from the actual funds, like a charge. Splitit does not accept pre-paid or gift cards.


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