Upon plan creation your first installment is charged immediately.
Future monthly installments are automatically charged each month on the anniversary of your first payment. This date cannot be changed. Monthly installments show as charges on your credit card account.
Note: for some plans your first installment payment may not occur until your goods ship. Speak with the Merchant you purchased from to understand if this applies to your plan.
In addition to your monthly installment payments there is also an Authorization to guarantee your purchase. An authorization for up to the full purchase amount is put on hold on your card upon plan creation.
This is not a charge.
These authorizations temporarily reduce the amount of credit available to you, but again, are not a charge and are required to guarantee your full purchase amount.
For most plans the authorization will disappear within 30 days or less of your purchase. For some plans the authorization will be periodically re-authorized, at lower amounts as you make installment payments, until your plan is complete.
The length of hold on your funds is always determined by your bank or credit card provider, so contact your financial institution directly for questions.
You can check the details of your plan, update your credit card, make additional payments, and review if a re-authorization is due (when and for how much), in the Splitit Shopper Portal.