PRODUCT FOCUS
3 SplitIt No fees, no interest, no credit check and no forms.
Splitit is a straightforward payment
solution that is as simple as its name implies. Enabling consumers to pay for purchases with an existing debit or credit card by splitting the cost into monthly payments, Splitit’s solution is cross-border and omnichannel. The fuss-free solution benefits retailers by making purchases seamless while also guaranteeing payment. By placing a hold on the shopper’s credit or debit card for the total amount of the item, Splitit en- sures that consumers do not veer into debt; no
money is owed to the merchant or Splitit. During an online transaction, the shopper goes through the traditional checkout process, selecting the credit or debit card of their choice, then deter- mines their number of monthly payments. In brick-and-mortar stores, Splitit is easily config- ured to a computer or tablet. Allowing retailers to employ multiple payment offerings at check- out, Splitit’s solution complements other con- sumer financing options and store credit cards. Integration is a breeze as Splitit offers numer- ous free tools and robust customer support.
4 Affirm 4 5 Vyze
A little more in line with traditional financ- ing, Vyze helps consumers spend by offering access to a network of lenders, a seamless application process and options to fit each shopper. Vyze was born out of a desire to of- fer credit to retail customers without a stress- ful process—allowing retailers to make more sales. Today Vyze is owned by Mastercard and in stores, it has streamlined the process of applying for credit. With Vyze, consum- ers use only one application online, redeem
in-store and purchase right away. Vyze also offers a simple ecommerce solution to help retailers optimize online check out. To simpli- fy the technical aspects of its solutions, Vyze offers comprehensive customer support as well as knowledge sharing to better tailor its products to the needs of both the merchant and the consumer. Vyze supports its partners with reporting and monitoring capabilities, an efficient process for settling disputes and vows to keep data safe.
Visit /
afterpay.com,
uown.com,
spitit.com,
affirm.com and
vyze.com
Serving a network of more than 5.3 million U.S. consumers and over 4,000 merchants includ- ing Casper, Purple and Nectar, Affirm offers a simple, transparent and consumer-friendly way to pay. Consumers can select Affirm at check- out to split their purchases into simple monthly payments with set terms of three, six and 12 months. Integrating with merchants at the point of sale both online and in-store, Affirm has proven to lift average order value by 85 percent. Affirm makes it easier for retailers by handling payment collection. Additionally, it has the capa-
bilities to offer custom options as well, including interest-free and simple-interest-bearing ver- sions, with terms of three to 36 months—pro- viding merchants with a solution regardless of normal cart sizes and offering consumers more flexibility. While Affirm is used across genera- tions, it has become particularly popular among Gen Z and millennial shoppers, who make up over half of its consumer base. And with over 4,000 integrated merchants, Affirm has built a network of high-intent consumers that know, understand and trust the product.
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