Funding is a Splitit feature available to some of our merchants that allows them to receive funds from their installment transactions upfront. Funding only applies to Merchants utilizing our Managed model. All details can be found here https://developers.splitit.com/back-office/funding
Splitit offers two payment models: Core and Managed.
Core plans pay you your portion each time your shopper makes a payment during the lifecycle of a plan, using your designated processor (see list).
Managed plans pay you in full shortly after plans are generated (less fees), and Splitit is the only provider you’ll need: We fund you and we provide detailed reporting and shopper-relationship management throughout the lifecycle of the plan—thus essentially requiring nothing more from your end.
Alternative Timelines
The default setting for Splitit plans is multiple monthly installments. It is also common for shoppers to pay the first installment at checkout. There are however, other options for installment plans, most of which Splitit support can set for you.
https://developers.splitit.com/back-office/alternative-timeframes-and-first