Splitit does not work with debit cards 🙁 It only works with Visa and Mastercard credit cards. Splitit doesn’t work with American Express credit or debit cards either. This is unfortunate since a 2019 study by the US Federal Reserve found that there are typically twice as many debit card transactions vs credit cards. Younger people are increasingly choosing debit cards instead of credit cards too. With Splitit, anyone wanting to pay for their payment plans with debit cards can’t do so – leading to fewer sales and potentially many missed sales and opportunities to get new customers.
Fortunately, there is a better alternative to Splitit that allows your customers to pay for their payment plan with debit cards, credit cards, Apple Pay and Google Pay. Paythen works with all major credit and debit card brands and even some region-specific cards like Discover, China UnionPay and JCB. With Paythen as your payment plan option, 100% of your customers will be able to choose the payment plan option instead of only a small portion that have Visa or Mastercard credit cards.
If you want to offer all your customers the ability to choose payment plans to increase your sales and revenue, Paythen is a better alternative than Splitit. We’re biased but you can see more reasons why we believe Paythen is a better option than Splitit for payment plans.