When using Splitit, you will see both types of transactions after creating your installment plan.
💳 Payment (Charge)
Money is charged to your card
Posts to your account
This is your scheduled installment payment
⏳ Authorization (Pending Hold)
No money is taken
Temporarily reduces your available credit (~7-30 days)
Secures the remaining balance of your plan
Why Does Splitit Use Authorizations?
Splitit secures the full plan amount upfront to keep your installments active. This guarantees you have the credit available to cover your purchase. This allows you a flexible way to pay over time, without a new loan, credit check, or any additional fees.
As long as you have the value of your purchase available on your card, Splitit is a great option to allow you to pay over time!