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July 7, 2021Blog Posts

Splitit adds in-store flexibility

Finextra

Splitit, the company empowering shoppers to use their credit cards to pay in installments, announced it is bringing its installment payments to in-store retail locations worldwide. Splitit InStore also includes Apple Pay and Google Pay to deliver an effortless in-store payment experience.

Splitit InStore was built to meet the needs of the retail sales associate to deliver a better customer experience at a time when retailers are also thinking about how to optimize their omnichannel strategy. Splitit InStore provides an installment option the retail sales associate can initiate for shoppers when making larger value purchases, such as home furnishings, jewelry, luxury retail, and sporting goods. Splitit InStore also enables shoppers to use ApplePay and GooglePay accounts via Splitit, using pay-by-link with a Splitit QR code, text message, or email, when buying from participating merchants.

Splitit - Card Based Installment Payment Solutions

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New research from The Strawhecker Group analyzes key trends and consumer attitudes.

Download a free infographic covering several findings from the full report.

Consumers have increasingly adopted Buy Now, Pay Later (BNPL) services for multiple reasons; a desire for financial flexibility, a way to avoid incurring credit card debt, or to purchase items outside of their budgets. However, despite its popularity, consumer debt and missed payments have led to calls for additional research and regulation. Read the press release.

To take a closer look, The Strawhecker Group (TSG) conducted a survey of over 1,500 U.S. consumers in early 2021 with the goal of understanding domestic attitudes and perspectives on the use of BNPL services. The complete findings, a selection of BNPL provider profiles, and market landscape details can be found in the firm’s new report Buy Now, Pay Later: An Analysis of Key Trends and Consumer Attitudes.

Highlights of this extensive 81-page report include:

  • Buy Now, Pay Later Background
  • Key Players in the Buy Now, Pay Later Space
  • Buy Now, Pay Later Consumer Survey
  • Concluding Thoughts: The Future of Buy Now, Pay Later
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