Splitit, the only white-label service provider that allows users to pay in installments using their existing credit on their payment card at checkout, and Worldline, a global leader in payment services, announced a partnership agreement to deliver an integrated card-based instalment payments solution to Worldline’s vast network of merchants and marketplaces.
The partnership agreement combines Worldline’s position as a preferred partner to numerous industry-leading merchants worldwide with Splitit’s revolutionary Installments-as-a-Service platform to drive additional value for both companies. Worldline will first integrate Splitit into its North American processing platform and make Splitit APIs available through its front end to provide its merchants with a streamlined option to adopt card-based installments. Following the initial launch, Worldline and Splitit will continue to explore new markets.
The white-label technology from Splitit delivers one-click installments into the merchant’s existing checkout flow. The merchant-branded experience, delivered jointly by Splitit and Worldline, decreases the clutter and confusion of several payment logos at the checkout, maintaining brand consistency while driving loyalty and encouraging repeat purchases.
Instead of creating new consumer loans, Splitit frees up existing consumer credit on payment cards for interest-free, pay-over-time payments. Any consumer having accessible credit on their credit card is automatically pre-approved to use Splitit for the amount of that available credit. No applications, registrations, or redirects are required, and there are no hidden costs, additional interest, or credit checks.
Worldline is a world leader in the payments sector and the technology partner of choice for banks, merchants, and acquirers. Worldline provides its clients with innovative, dependable, and sustainable solutions that encourage their success. The company has around 18,000 workers in more than 40 countries. Worldline’s services consist of in-store and online commercial acquisition, highly secure financial transaction processing, and a multitude of digital services.