Bank card-linked installment funds options firm Splitit launched its embedded Shopify app.
The brand new app, Splitit Card Installments, offers retailers a one-click installment cost expertise with out redirects or purposes.
Splitit made its Finovate debut in 2014 (as PayItSimple USA). The corporate rebranded as Splitit in 2015.
Card-linked installment cost options firm Splitit has unveiled its embedded Shopify app: Splitit Card Installments. The brand new providing offers retailers an all-in-one service that features bank card processing together with a seamless one-click installment cost expertise for customers that doesn’t require redirects or purposes.
“Our Embedded Shopify App marks a transformative leap within the installment cost 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 knowledge. For consumers, it offers 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 circulation, and provides customers the choice to pay in full or by installments instantly inside the bank card part. A white-label resolution, Splitit Card Installments offers retailers management over each their model identification and buyer relationships. There isn’t a distracting third-party branding and all first-party shopper knowledge stays with the service provider. The app is out there to consumers in additional than 100 international locations who will profit from entry to localized cost choices. Retailers profit from accessing a extra various, international buyer base, in addition to new markets and income streams.
“This innovation not solely enhances the shopper expertise but additionally presents a major 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 12 months in an effort to “higher align the Firm’s model with its general 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 high 500 retailers. Moreover, Splitit’s options are accepted by greater than 1,500 ecommerce retailers in 30+ international locations and by consumers in 100+ international locations.
Splitit’s new app launch information comes simply days after the corporate introduced a partnership with trendy 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 customers a brand new choice for paying over time. This permits customers to make use of their digital wallets to entry Splitit’s card-linked, embedded, installment cost choices. The method contains a low-friction, pay-later approval circulation that eliminates the necessity for a credit score examine by referencing the patron’s present accessible credit score.
Splitit CEO Nandan Sheth praised Highnote’s platform for its “flexibility, scalability, and safety.” He added, “This partnership permits us to supply consumers a seamless and environment friendly approach 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 heart in Israel and workplaces in London. The corporate was based in 2012.
Picture by Mikhail Nilov
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