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Splitit Gateway

Splitit is an external gateway that lets customers pay in installments using their existing credit card. Unlike traditional Buy Now, Pay Later providers, Splitit does not require the customer to apply for a new loan, undergo a credit check, or pay added interest.

Fees on this gateway:

PaymentsAI charges a 1% platform fee per transaction for Splitit, on top of Splitit's own fees. See Pricing and Fees.

Setup​

  1. Open a Splitit account and obtain your Splitit Terminal ID.
  2. In the PaymentsAI dashboard, go to Gateways in the top navigation.
  3. Locate Splitit under the available gateways and click Connect Splitit.
  4. In the window that opens, provide your Splitit Terminal ID.
  5. On successful connection, you are returned to PaymentsAI and the Splitit row in the Gateways tab shows Successfully Connected.

Eligibility​

Eligibility is evaluated case by case by Splitit's Sales and Partnership team. Certain business types are prohibited from using Splitit.

Supported regions​

Splitit is available in the following countries:

Andorra, Australia, Austria, Belgium, Canada, Cayman Islands, Denmark, Faroe Islands, Finland, Germany, Gibraltar, Greece, Guernsey, Hong Kong, Iceland, Ireland, Isle of Man, Israel, Italy, Jersey, Liechtenstein, Luxembourg, Malaysia, Malta, Mexico, Monaco, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, UK, US.

Supported card brands​

Splitit accepts Visa, Mastercard, American Express, Discover, Maestro, JCB, and Diners Club.

Not supported:

Debit cards, prepaid cards, and gift cards are not supported, because they do not carry a revolving credit line.

Installments​

You can configure the following settings:

  • Order thresholds: Minimum and maximum order values for installment eligibility.
  • Installment count: Choose a payoff schedule between 2 and 12 monthly installments.

Payout​

You receive the full purchase amount immediately upfront, less applicable gateway fees. Splitit collects the installments from the customer's card on the agreed schedule.

How it works​

Splitit splits a charge into installments against the available limit on the customer's existing credit card. Because there is no new line of credit involved, customers do not undergo a separate application or credit check.