Installment payments are taken monthly on the same date as you make your first payment to the merchant or retailer you made your purchase from.
You can check your payment due date in the Splitit shopper portal here.
In addition to your monthly payments, we will hold (authorize) the full outstanding purchase amount as a guarantee for future payments. This authorization is not charged as long as your plan is kept up to date.
Authorisations for the full outstanding amount are renewed periodically and decrease with each installment payment made.
The previous authorisation is automatically removed as soon as a new one is obtained. You can find more details here.