Splitit

Exciting news! Splitit has won the Best UX Initiative in Payments at the #PaytechAwardsUSA. Our seamless, 0% interest pay-over-time solution lets customers use their existing credit card without new loans or credit checks—empowering responsible payments. With our embedded omnichannel technology, Splitit works effortlessly across online, in-store, mobile, and call centers, driving higher approval rates, increased average transaction values, and fostering customer loyalty and repeat purchases. It’s a win-win for both consumers and merchants! A huge thanks to our team, partners, merchants and customers for making this happen! We’re committed to delivering the best in payment technology. #UXExcellence #PaymentsInnovation #installments #BNPL

We’re excited to announce that Shannon Johnson has joined Splitit as the Head of Issuer and FI Growth. Shannon brings extensive expertise in payments and fintech, with 15 years of banking experience at PNC and SunTrust (now Truist), followed by leadership positions at Cardlytics and Marqeta. Her passion for delivering innovative products and services that benefit consumers, businesses, and banks makes her a valuable addition to our team. Please join us in congratulating Shannon as she works with issuers to scale card-linked installment solutions at checkout.

How can merchants help consumers shop wisely this holiday season? With the Federal Reserve’s recent 50-basis-point interest rate cut, borrowing costs are dropping just in time for the holiday season. American Express and US Bank have already reduced APRs on several credit cards by 0.5%, making it a bit easier for consumers to manage their spending, according to LendingTree. Splitit CEO Nandan Sheth notes that lower rates, combined with a strong stock market, could boost consumer confidence and drive higher holiday sales. However, Sheth advises caution when using "buy now, pay later" (BNPL) options, especially as credit card debt rises. His advice? Avoid taking out new loans for each purchase and make use of your existing credit. Keep an eye out for 0% interest deals with current credit cards, especially from high-margin sectors like travel, luxury, and home goods. If you opt for BNPL, be sure you can pay off purchases on time to avoid costly late fees. For merchants, this is an ideal moment to offer 0% interest installment plans through credit cards, which don’t require the origination of new loans. The key is targeting offers wisely and providing a frictionless, mobile-first shopping experience, especially as 2024 is set to be the most mobile-focused holiday season yet. #HolidayShopping #ShopSmart #InterestRates #Ecommerce  #installments Listen to the full story here: https://lnkd.in/eTeKwa7r

Amid rising credit card debt and persistent inflation, both consumers and retailers face the challenge of navigating a financially strained holiday season, where flexible, consumer friendly, payment options will define success. Read the latest Forbes article from Nandan Sheth to discover more... https://lnkd.in/eMxybfkx #installments, #BNPL, #digitalpayments, #ecommerce, #holidayshopping

Day 2 of the #MAGPaymentsConference is in full swing. Head over to Booth 310 to try your luck at winning a new iPad Air or Ray-Ban Meta Wayfarers! #Orlando #AdvancingPaymentsTogether #KnowYourPayments Merchant Advisory Group

Come meet Kristin Kirchen and Tom Silverman, who will be representing Splitit at the MAG Payments Conference 2024, from September 16-19. Find them at booth #310 to chat about all things payments and innovation. Plus, don’t miss our exciting giveaway—a chance to win an iPad Air or Ray-Ban Meta Wayfarer glasses. Looking forward to connecting with the best in payments at #MAG2024! #MAGPaymentsConference #Orlando  #AdvancingPaymentsTogether  #KnowYourPayments

Say hello to the new face of Splitit!  Our new logo is more than just a fresh look — it represents our journey in solidifying Splitit as the world’s largest embedded card-linked installments platform. We’re transforming commerce by empowering merchants, consumers, and banks to thrive in the evolving payments ecosystem. > It's about delivering performance, not friction. > It's about empowering consumers to buy responsibly. > It's about providing innovative payment solutions that enhance financial accessibility and drive growth for all stakeholders. Join us as we continue to elevate the future of payments! #CardLinkedInstallments #Splitit #PaymentsInnovation #Growth

New research from Splitit and PYMNTS reveals a major shift in the payments landscape. Merchants are embracing card-linked installments like never before, with in-store usage skyrocketing 82% and online by 68%. “Our research shows the power of credit card-linked installments to drive sales and build customer loyalty,” says Nandan Sheth, CEO of Splitit. Key Findings: 57% of merchants fear losing customers without this payment option. 50% of consumers would switch merchants for credit card-linked installments. 74% of retailers prefer these plans over other BNPL options. Consumers are 60% more likely to choose installments for purchases over $1,000. Read more about the growing trend and its impact on customer loyalty and sales - https://lnkd.in/e8QT2WYt #Payments #Retail #Fintech #CustomerLoyalty #Splitit

Consumers are demanding more flexible payment options, and credit card-linked installment plans are stepping up to meet the need! New research shows that nearly 75% of merchants prefer these options over traditional BNPL plans. With 90% of merchants saying these plans boost customer acquisition and retention, it's clear they offer a winning solution for everyone. Key benefits:  > Median spend on card-linked installments is over $1,000—double that of BNPL pay-in-4 plans. > 1/3 of merchants now offer these plans, with a 16% growth in six months.  > Consumers favor card-linked installments for big purchases, with 60% using them to better manage finances. As higher interest rates and new regulations reshape the ‘pay later’ landscape, credit card-linked installments provide a safer, more sustainable way to spread out payments. Merchants, are you ready to adapt and offer your customers the flexible options they crave? #PaymentOptions #Fintech #ConsumerTrends #CreditCardInstallments #MerchantSolutions

Win an iPad, a $250 Visa gift card, and an Apple Watch charger! Booth S-4! #DykemaDSO #PrepareToBelnspired #PearlDSO Dykema DSO Industry Group