Bank card-linked installment funds options firm Splitit launched its embedded Shopify app.
The brand new app, Splitit Card Installments, provides retailers a one-click installment fee expertise with out redirects or functions.
Splitit made its Finovate debut in 2014 (as PayItSimple USA). The corporate rebranded as Splitit in 2015.
Card-linked installment fee options firm Splitit has unveiled its embedded Shopify app: Splitit Card Installments. The brand new providing provides retailers an all-in-one service that features bank card processing together with a seamless one-click installment fee expertise for shoppers that doesn’t require redirects or functions.
“Our Embedded Shopify App marks a transformative leap within the installment fee panorama,” Splitit CTO Ran Landau mentioned. “By seamlessly integrating into the Shopify checkout, we’ve eradicated the friction sometimes related to pay-over-time options, a key consider cart abandonment. This white-label method empowers retailers to supply branded, one-click installment choices whereas sustaining full management over their buyer journey and information. For buyers, it gives unparalleled comfort, permitting them to simply handle their funds with out leaving the service provider’s ecosystem.”
The brand new app is embedded into the Shopify checkout movement, and provides shoppers the choice to pay in full or by installments instantly inside the bank card part. A white-label resolution, Splitit Card Installments provides retailers management over each their model identification and buyer relationships. There isn’t any distracting third-party branding and all first-party shopper information stays with the service provider. The app is on the market to buyers in additional than 100 international locations who will profit from entry to localized fee choices. Retailers profit from accessing a extra numerous, international buyer base, in addition to new markets and income streams.
“This innovation not solely enhances the client expertise but additionally presents a big alternative for retailers to amass and retain clients in an more and more aggressive e-commerce panorama,” Landau added.
Splitit made its Finovate debut (as PayItSimple USA) at FinovateFall 2014. The corporate rebranded as Splitit the next yr in an effort to “higher align the Firm’s model with its total technique and product providing.” Since then, the corporate has grown into a significant Installments-as-a-Service supplier serving a lot of Web Retailer’s prime 500 retailers. Moreover, Splitit’s options are accepted by greater than 1,500 ecommerce retailers in 30+ international locations and by buyers in 100+ international locations.
Splitit’s new app launch information comes simply days after the corporate introduced a partnership with fashionable card issuance firm and fellow Finovate alum Highnote. Courtesy of the partnership, Splitit will leverage Highnote’s tokenized digital playing cards to pay retailers and supply real-time performance that permits Splitit to supply shoppers a brand new possibility for paying over time. This permits shoppers to make use of their digital wallets to entry Splitit’s card-linked, embedded, installment fee choices. The method includes a low-friction, pay-later approval movement that eliminates the necessity for a credit score examine by referencing the patron’s current obtainable credit score.
Splitit CEO Nandan Sheth praised Highnote’s platform for its “flexibility, scalability, and safety.” He added, “This partnership permits us to supply buyers a seamless and environment friendly technique to make funds over time, instantly inside their digital wallets or at service provider checkout, additional simplifying the patron journey.”
Headquartered in Atlanta, Georgia, Splitit additionally maintains an R&D middle in Israel and workplaces in London. The corporate was based in 2012.
Picture by Mikhail Nilov
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