Splitit

Day 2 of the #MAGPaymentsConference is in full swing. Head over to Booth 310 to try your luck at winning a new iPad Air or Ray-Ban Meta Wayfarers! #Orlando #AdvancingPaymentsTogether #KnowYourPayments Merchant Advisory Group

Come meet Kristin Kirchen and Tom Silverman, who will be representing Splitit at the MAG Payments Conference 2024, from September 16-19. Find them at booth #310 to chat about all things payments and innovation. Plus, don’t miss our exciting giveaway—a chance to win an iPad Air or Ray-Ban Meta Wayfarer glasses. Looking forward to connecting with the best in payments at #MAG2024! #MAGPaymentsConference?#Orlando? #AdvancingPaymentsTogether? #KnowYourPayments

Say hello to the new face of Splitit!? Our new logo is more than just a fresh look — it represents our journey in solidifying Splitit as the world’s largest embedded card-linked installments platform. We’re transforming commerce by empowering merchants, consumers, and banks to thrive in the evolving payments ecosystem. > It's about delivering performance, not friction. > It's about empowering consumers to buy responsibly. > It's about providing innovative payment solutions that enhance financial accessibility and drive growth for all stakeholders. Join us as we continue to elevate the future of payments! #CardLinkedInstallments #Splitit #PaymentsInnovation #Growth

New research from Splitit and PYMNTS reveals a major shift in the payments landscape. Merchants are embracing card-linked installments like never before, with in-store usage skyrocketing 82% and online by 68%. “Our research shows the power of credit card-linked installments to drive sales and build customer loyalty,” says Nandan Sheth, CEO of Splitit. Key Findings: 57% of merchants fear losing customers without this payment option. 50% of consumers would switch merchants for credit card-linked installments. 74% of retailers prefer these plans over other BNPL options. Consumers are 60% more likely to choose installments for purchases over $1,000. Read more about the growing trend and its impact on customer loyalty and sales - https://lnkd.in/e8QT2WYt #Payments #Retail #Fintech #CustomerLoyalty #Splitit

Consumers are demanding more flexible payment options, and credit card-linked installment plans are stepping up to meet the need! New research shows that nearly 75% of merchants prefer these options over traditional BNPL plans. With 90% of merchants saying these plans boost customer acquisition and retention, it's clear they offer a winning solution for everyone. Key benefits:? > Median spend on card-linked installments is over $1,000—double that of BNPL pay-in-4 plans. > 1/3 of merchants now offer these plans, with a 16% growth in six months.? > Consumers favor card-linked installments for big purchases, with 60% using them to better manage finances. As higher interest rates and new regulations reshape the ‘pay later’ landscape, credit card-linked installments provide a safer, more sustainable way to spread out payments. Merchants, are you ready to adapt and offer your customers the flexible options they crave? #PaymentOptions #Fintech #ConsumerTrends #CreditCardInstallments #MerchantSolutions

Win an iPad, a $250 Visa gift card, and an Apple Watch charger! Booth S-4! #DykemaDSO #PrepareToBelnspired #PearlDSO Dykema DSO Industry Group

Splitit is live at the #Dykema in Denver with Dykema DSO Industry Group! Don't miss your chance to win incredible prizes, including a $250 Visa gift card. Visit our booth and join the excitement! #DykemaDSO #Dykema2024 #PrepareToBelnspired #dentalconference #dso #dentalindustry #PearlDSO

The rise of Buy Now, Pay Later services (BNPL) has significantly influenced consumer behavior, particularly among Gen Z. Read Nandan Sheth’s latest Forbes article "Debunking 5 Myths Around Gen Z and BNPL" which highlights some common misconceptions about Gen Z and their relationship with BNPL and card-linked installments. Myth 1: Gen Zers are the least concerned about BNPL loans impacting their credit scores. Myth 2: Gen Z is ditching credit cards in favor of traditional BNPL services. Myth 3: Gen Z primarily uses BNPL for low-cost items. Myth 4: BNPL will enhance retention of younger shoppers. Myth 5: Only low-income shoppers want to pay with installments. Read the full article to discover the insights: https://lnkd.in/eGKM_Fqq #GenZ #BNPL #FinTech #CreditCards #MythBusting #ConsumerTrends #SmartShopping #FinancialEducation?

We're thrilled to sponsor The Lead Summit in NYC on July 10-11! Over 2,500 attendees come to experience one of the best speaker lineups in the industry, featuring 180 speakers from Target, New Balance, Kenneth Cole, PVH, Tapestry, Calvin Klein, Roots, H&M, Poppi, COS, and many more. This year’s agenda is packed with insights on navigating shifting consumer behaviors, leveraging AI, and unlocking customer data for growth. Don’t miss the networking opportunities, including The Hosted Meetings Program, a Sunset Yacht Cruise, and our very own exclusive CEO dinner. We look forward to seeing you there! Don’t forget to register! Brand & Retail friends, you can use the link here to take advantage of FREE registrations while they last! https://lnkd.in/g6XJ6Fhn Non-Brand, Non-Retail friends, you can use the link here for 25% off. https://lnkd.in/ePFbgjqF

A new report from Splitit and PYMNTS, “Merchants’ Evolving Perspective on the Value of Card-Linked Pay Later Plans”, reveals that consumers spend twice as much when using credit card-linked installments compared to traditional BNPL. Nearly 90% of merchants see these installments as key to boosting customer acquisition and retention. Demand for card-linked installments is growing as it caters to customers who may not need new credit but value a faster checkout process—a segment largely ignored by traditional BNPL. Merchants also appreciate that keeping installments on an existing card simplifies returns and other back-office processes. Other Report Highlights: 72% of merchants rate card-linked installments as their top choice. Consumers typically spend over twice as much on retail items when using card-linked installment plans compared to Buy Now, Pay Later (BNPL) options. Over 1/3 of merchants believe their customers are very or extremely likely to switch to retailers that offer card-linked pay later plans, a sentiment that has risen 164% since December 2023. 82% of merchants confirm an increase in card-linked installments for in-store purchases over the past twelve months, compared to 67% reporting an increase in BNPL use in-store during the same period. 53% of merchants believe that consumers would purchase higher-priced items or services if they were aware of card-linked installment options prior to checkout. Discover how card-linked options are revolutionizing the pay-later landscape and why they are fast becoming the preferred choice for consumers and merchants. Read more about these insights and get the full report here! https://lnkd.in/gZh5zFmw