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PayHere VS Splitit

Compare PayHere VS Splitit and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

PayHere logo PayHere

Run a services business or startup? Charge recurring and one-off payments with beautifully designed payment forms. Get up and running in less than 5 minutes!

Splitit logo Splitit

Splitit is a solution that enables consumers to pay for their Retail or Web purchases using their existing credit cards and divide the total cost across as many interest-free payments as they choose, without completing a credit application or qualifโ€ฆ
  • PayHere Landing page
    Landing page //
    2023-03-29

PayHere allows you to accept recurring and one-off payments online, it is designed to be as easy as possible to get setup and allow you to start collecting recurring revenue in less than 5 minutes.

You can share the link to your payment forms and integrated with IFTTT for a complete no-code payments solution.

If you have an existing website you can embed your payment form with just two lines of code and integrate with your platform using our webhooks or public API.

  • Splitit Landing page
    Landing page //
    2023-09-24

PayHere features and specs

  • Ease of Use
    PayHere offers a user-friendly interface that allows businesses to set up payment systems quickly without extensive technical knowledge.
  • Multiple Payment Options
    The platform supports a variety of payment methods, including credit cards, bank transfers, and mobile payments, providing flexibility for customers.
  • Recurring Payments
    PayHere allows for easy setup of recurring billing, which is beneficial for businesses offering subscription-based services.
  • API Integration
    Developers can integrate PayHere into existing systems using the provided APIs, allowing for customization and seamless workflow integration.
  • Security
    PayHere complies with industry-standard security protocols, including PCI-DSS compliance, ensuring that transactions are secure and trustworthy.

Possible disadvantages of PayHere

  • Geographic Limitations
    PayHere might have limitations regarding the geographic regions it serves, potentially restricting access for international businesses.
  • Limited Advanced Features
    While PayHere is user-friendly, it may lack some advanced features that larger enterprises might require compared to more complex payment systems.
  • Transaction Fees
    As with many payment processors, PayHere imposes transaction fees, which can accumulate and impact the profit margins of high-volume businesses.
  • Customer Support
    Some users may find customer support response times to be slower than desired, which can be challenging when experiencing urgent issues.

Splitit features and specs

  • Interest-Free Payments
    Splitit allows customers to pay in installments without charging any interest, making it an attractive option for those looking to spread costs over time.
  • No Credit Check
    Splitit does not require a credit check to use its services, which can be beneficial for individuals who have a limited credit history or want to avoid impacting their credit score.
  • Easy Integration
    For merchants, Splitit offers easy and seamless integration with their existing payment systems, allowing them to offer flexible payment options to customers without significant technical overhead.
  • Increase in Sales
    By offering a payment plan, Splitit can potentially increase sales for merchants as customers are more likely to make larger purchases when they can spread out payments.

Possible disadvantages of Splitit

  • Credit Card Requirement
    Customers must have a credit card with sufficient available credit to cover the full amount of the purchase, which might restrict some users from using the service.
  • Hold on Credit Amount
    While using Splitit, the customer's credit card will have a hold placed on the full amount of the purchase, potentially reducing their available credit.
  • Limited Market Presence
    Splitit's availability might be limited depending on the region, meaning not all merchants or customers can access its services globally.
  • Dependence on Card Issuers
    The service's operation depends on agreements with card issuers and networks, which may create dependency issues if partnerships change or end.

Analysis of Splitit

Overall verdict

  • Splitit is considered a good option for those looking to split payments without taking on additional debt or interest. The service can be especially appealing to consumers who want to budget for larger purchases without impacting their credit rating. However, it's important to ensure that the merchant you're purchasing from supports Splitit.

Why this product is good

  • Splitit offers a unique payment solution that allows consumers to pay for purchases over time using their existing credit cards, without incurring interest or fees. This can be beneficial for managing cash flow and making larger purchases more affordable. Additionally, because Splitit's method doesn't involve opening a new line of credit, it avoids affecting the user's credit score.

Recommended for

  • Consumers who prefer interest-free payment plans
  • Individuals looking to manage cash flow efficiently
  • Shoppers who want to avoid impacting their credit score
  • People making larger purchases who prefer to spread the cost over time

PayHere videos

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Splitit videos

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SPLITIT GOES GLOBAL WITH MASTERCARD DEAL ๐Ÿ’ณ

More videos:

  • Review - 3 PROBLEMS with buy now pay later. Afterpay, Zip Pay, Splitit etc.
  • Review - How Does Splitit Work for Shoppers?

Category Popularity

0-100% (relative to PayHere and Splitit)

PayHere

Splitit

Payments
100 100%
Payments
0% 0
Online Payments
31 31%
Online Payments
69% 69
Fintech
60 60%
Fintech
40% 40
Business & Commerce
0 0%
Business & Commerce
100% 100

User comments

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What are some alternatives?

When comparing PayHere and Splitit, you can also consider the following products

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripeโ€™s payment platform to accept and process payments online for easy-to-use commerce solutions.

Sezzle - Sezzle is a digital payment platform designed to help shoppers manage their financial futures with great ease.

Checkout Page - Sell on your site with customizable checkouts. Tailor-made one page checkouts to sell digital products & services without an ecommerce store.

Klarna - Klarna provides e-commerce payment solutions for merchants and shoppers.

Lemon Squeezy - Sell digital products the easy-peasy way

PayPal Credit - PayPal Credit provides financing options to businesses.

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