NEW YORK, Nov. 16, 2021 /PRNewswire/ -- Splitit (ASX:SPT), the company empowering consumers to use their existing credit to spread payments over time, announced it has a new platform integration with Wix, allowing merchants to offer Splitit's installment payment to shoppers using their credit cards.
The addition of Wix adds another leading e-commerce platform to Splitit's portfolio, reaffirming its commitment to empower SMBs. Through the partnership, Wix merchants will be able to offer their customers more payment options in various countries in North America, Europe, Asia and more.
"Small businesses are the heart of the economy. The ability to offer flexible payment options helps level the playing field for SMBs," notes Splitit CEO John Harper. "Wix does an incredible job democratizing access to cutting edge e-commerce tools for businesses of all sizes. We are extremely proud to add Wix to our growing list of e-commerce platforms we support."
Adding Splitit installment payments at checkout is easy and seamless no matter which e-commerce platform a merchant is using. Merchants just need to create a Splitit business account and connect a payment gateway to be up and running. It includes options to fine-tune the look and feel of the Splitit checkout experience, easily add upstream messaging about the benefits of Splitit to support the entire customer journey and set up their Splitit business account.
Splitit is unique compared to other buy now, pay later (BNPL) options. The company doesn't provide point-of-sale financing. Instead, it empowers shoppers to make smarter purchase decisions by tapping into their unused credit on their existing credit cards. Splitit delivers a truly frictionless shopper experience and doesn't charge additional fees or interest to the consumer. Since there is no application or financing, setting up installments is as simple as two clicks.
Splitit's average order value (AOV) is over $1,000 – four times higher than most other BNPL services – helping merchants attract and convert higher-value customers. In addition, Splitit is the only truly global installment payment company accepted anywhere in the world where Visa, Mastercard and Discover are accepted. As a result, Splitit enables merchants to offer installments globally, something that has not been possible from a single vendor in the past.
The addition of Wix, along with the earlier announcement of Salesforce Commerce Cloud, means Splitit now supports six of the leading e-commerce platforms, which also includes Shopify, Magento, WooCommerce and BigCommerce.
To learn more about Splitit's e-commerce platform support visit: www.splitit.com/partners/
Splitit empowers consumers to use the hard-earned credit on their existing credit cards to spread payments over time with no applications, no additional fees and no hassle. Splitit attracts and converts higher-value customers helping merchants improve conversion rates and increase average order value by giving customers an easy and fast way to pay for purchases over time without requiring additional approvals. Splitit serves many of Internet Retailer's top 500 merchants and is accepted by more than 2,800 e-commerce merchants in over 30 countries and shoppers in over 100 countries. Headquartered in New York, Splitit has an R&D center in Israel and offices in London and Australia. The company is listed on the Australian Securities Exchange (ASX) under ticker code SPT.
About Wix.com, Ltd
Wix is leading the way with a cloud-based website development platform for over 210 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists, and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, Editor X, a curated App Market, Ascend by Wix and Velo by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix's headquarters are in Tel Aviv with offices in Austin, Be'er Sheva, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kyiv, Kraków, Los Angeles, Miami, New York, Phoenix, San Francisco, São Paulo, Tokyo and Vilnius.
SOURCE Splitit USA, Inc.