Splitit VS Partial.ly

Compare Splitit VS Partial.ly and see what are their differences

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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 qualif…

Partial.ly

Partial.ly can be used as a business collections tool and increase cash flow by giving customers a payment plan option for large invoices.

Landing page //
2023-09-24

Landing page //
2023-10-07

Splitit

Website: splitit.com
Pricing URL: Official Splitit Pricing

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Partial.ly

Website: partial.ly
Pricing URL: Official Partial.ly Pricing

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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.

Partial.ly features and specs

Flexibility
Partial.ly allows businesses to offer customizable payment plans to their customers, providing more flexibility in how payments are made.
Automation
The platform offers features like automatic payment processing and reminders, reducing the manual effort needed to manage payment plans.
Integration
Partial.ly integrates with various e-commerce platforms (such as Shopify and WooCommerce), making it easy to incorporate into existing business systems.
User Experience
The interface is designed to be user-friendly for both merchants and customers, ensuring a smooth setup and payment experience.
Increase in Sales
By providing more payment options, businesses can potentially increase their sales and customer base.

Possible disadvantages of Partial.ly

Transaction Fees
Partial.ly charges fees per transaction, which can add to the cost of using the service for businesses, particularly those with lower margins.
Complexity of Setup
Setting up the service might require some initial effort and understanding, especially for those not familiar with payment gateway integrations.
Customer Dependence
Businesses become reliant on customers making their scheduled payments, which could lead to potential cash flow issues if defaults occur.
Limited Support for Certain Industries
Partial.ly may not be suitable for industries with unique billing requirements that do not align with the platform's features.
Dependency on E-commerce Platforms
While integration is a pro, it also means that the service is dependent on the functionality and limitations of those e-commerce platforms.

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

Splitit videos

+ Add

SPLITIT GOES GLOBAL WITH MASTERCARD DEAL 💳

Partial.ly videos

+ Add

Partial.ly - Payment Plans | How It Works

Category Popularity

0-100% (relative to Splitit and Partial.ly)

Splitit

Partial.ly

Online Payments

59 59%

Online Payments

41% 41

Business & Commerce

62 62%

Business & Commerce

38% 38

Office & Productivity

59 59%

Office & Productivity

41% 41

Personal Finance

100 100%

Personal Finance

0% 0

User comments

Share your experience with using Splitit and Partial.ly. For example, how are they different and which one is better?

Social recommendations and mentions

Based on our record, Partial.ly seems to be more popular. It has been mentiond 12 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Splitit mentions (0)

We have not tracked any mentions of Splitit yet. Tracking of Splitit recommendations started around Mar 2021.

Partial.ly mentions (12)

Connexe Toys Closing
I am so glad I used partial.ly with them. They do seem to care and will refund my $900 if connexe will not. Big props for them. Source: about 3 years ago
FRAUD: Sondors not responding and no refund issued.
I had to call Bank Of America dispute support and explain the situation to them, so they helped me to file 6 disputes, 1 for each ial.ly payment, even though the transactions were 6+ months old. Source: about 3 years ago
FRAUD: Sondors not responding and no refund issued.
I paid through partial.ly and Sondors refunded me. Source: about 3 years ago
Requested refund on April 13
Had to call the bank to file disputes for transactions that are older than 60 days old. As I used a payment plan via partial.ly, I also had to make 6 disputes over the phone (1 for each transaction), that was not an issue, as the nice lady did everything for me once collected the details regarding the situation. Source: over 3 years ago
ModuCase DF30 with 1/6 scale pictures?
If you have a set space that you want dedicated to displays, I would email moducase directly for them to build you something. It's not any more expensive and they will work with you to get the perfect display. The offer partial.ly payments to break up the cost. Source: over 3 years ago