Splitit (ASX:SPT), the company empowering consumers to use their existing credit to spread payments over time, announced it has a new platform integration with Wix, allowing merchants to offer Splitit’s installment payment to shoppers using their credit cards.
The addition of Wix adds another leading e-commerce platform to Splitit’s portfolio, reaffirming its commitment to empower SMBs. Through the partnership, Wix merchants will be able to offer their customers more payment options in various countries in North America, Europe, Asia and more.
“Small businesses are the heart of the economy. The ability to offer flexible payment options helps level the playing field for SMBs,” notes Splitit CEO John Harper. “Wix does an incredible job democratizing access to cutting edge e-commerce tools for businesses of all sizes. We are extremely proud to add Wix to our growing list of e-commerce platforms we support.”
Adding Splitit installment payments at checkout is easy and seamless no matter which e-commerce platform a merchant is using. Merchants just need to create a Splitit business account and connect a payment gateway to be up and running. It includes options to fine-tune the look and feel of the Splitit checkout experience, easily add upstream messaging about the benefits of Splitit to support the entire customer journey and set up their Splitit business account.
Splitit is unique compared to other buy now, pay later (BNPL) options. The company doesn’t provide point-of-sale financing. Instead, it empowers shoppers to make smarter purchase decisions by tapping into their unused credit on their existing credit cards. Splitit delivers a truly frictionless shopper experience and doesn’t charge additional fees or interest to the consumer. Since there is no application or financing, setting up installments is as simple as two clicks.
Splitit’s average order value (AOV) is over $1,000 – four times higher than most other BNPL services – helping merchants attract and convert higher-value customers. In addition, Splitit is the only truly global installment payment company accepted anywhere in the world where Visa, Mastercard and Discover are accepted. As a result, Splitit enables merchants to offer installments globally, something that has not been possible from a single vendor in the past.
Check Out The New Martech Cube Podcast. For more such updates, follow us on Google News Martech News