Splitit is a technology provider which enables merchants and retailers to offer monthly instalment payments to their customers using the customers existing credit line on their credit card.
This enables customers to make larger purchases whilst keeping the amount they owe on their credit card down since the credit card company only bills for the monthly installment payments rather than the whole amount owed.
Unlike Buy Now Pay Later providers, there are no applications or credit checks and Splitit does not charge interest or fees; even if you pay late (although your credit card provider might so please check).
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