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Splitit

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"Flexible payment plans using existing credit."

This business offers plans that let customers use their existing credit cards for installment payments. Customers can make purchases without additional loans. Businesses benefit from customizable payment options across channels, boosting confidence and customer loyalty without requiring applications.
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Splitit's Website Claims...
Our AI found these claims on Splitit's website.
End-to-end installment journey
Splitit claims that their white-label installments provide an end-to-end journey, enhancing brand consistency and customer loyalty.
Use existing credit card
Splitit claims that shoppers can use their existing credit cards without new loans, simplifying purchases and increasing ease-of-use.
Seamless global integration
Splitit claims that their solution integrates seamlessly with existing global credit card payment rails, improving the user experience.
BlurbSTAR Case Study
Vestiaire Collective & Splitit
Vestiaire enhanced global access with Splitit's flexible payments.
15
Countries with expanded operations
45%
Increased customer engagement
1.
Situation
Embracing Circular Fashion Philosophy
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Vestiaire Collective champions sustainable, pre-loved luxury fashion.
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Traditional payment methods limit accessibility to high-value items.
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Splitit offers a flexible BNPL solution for broader accessibility.
Vestiaire Collective, the leading global platform for pre-loved fashion, aimed to make luxury fashion accessible while promoting sustainability through circular fashion. The challenge was to offer a seamless payment solution for high-value items, often inaccessible to broader audiences due to traditional market exclusivity. This necessitated a flexible and responsible purchasing method aligning with their values of circularity. Vestiaire Collective found a partner in Splitit, which provides a unique buy now, pay later platform capable of handling high-value transactions without the usual borrowing constraints. Their shared vision was to integrate this payment solution to support Vestiaire Collective in broadening its customer base and reinforcing its commitment to sustainable shopping practices.
2.
Task
Global Expansion with Splitit's Help
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Vestiaire aimed to expand from the UK to global markets.
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Needed a seamless integration of a payment solution.
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Maintained brand strategy while encouraging broader accessibility.
Vestiaire Collective sought to expand its reach globally, initially focusing on the UK, before targeting Southern Europe, America, and Asia. The goal was to provide a payment solution that perfectly aligned with their existing brand strategy and messaging, encouraging circularity while not compromising their values or desired customer experience. Operationally, this required a payment partner that could seamlessly integrate into their platform and provide users with the flexibility to manage high-value item purchases on a global scale, all while supporting the brand's sustainability goals and encouraging the practice of responsible consumerism.
3.
Action
Implementing Splitit Across Markets
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Integrated Splitit’s platform into checkout for flexibility.
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Expanded from the UK to European and Asian markets.
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Plug-and-play model enabled easy regional adaptation.
Vestiaire Collective integrated Splitit’s installment platform across its existing checkout process. This move allowed them to offer a flexible, label-friendly payment solution that didn’t require new loans or applications, providing a seamless purchase experience for users. The partnership started with offering Splitit in the UK, which proved successful, prompting further expansion into main overseas markets, particularly in Asia. This included a strategic understanding of how regional shopping behaviors favored buy now, pay later options. Splitit's adaptable plug-and-play model facilitated this expansion with ease, enabling local currencies and localized settings without financial restrictions, thus supporting Vestiaire’s growth targets effortlessly.
4.
Result
Enhanced Reach and Accessibility
→
Increased engagement and accessibility for customers globally.
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Expanded into 15 countries with ease.
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Aligned with Vestiaire's sustainable and circularity mission.
By implementing Splitit’s BNPL solution, Vestiaire Collective significantly improved accessibility to high-value purchases, resonating with shoppers interested in both luxury and sustainability. The flexible payment solution led to increased customer engagement across all markets they entered. The effortless expansion into 15 countries confirmed the success of their global growth strategy. The flexibility, operational simplicity, and alignment with brand values offered by Splitit allowed Vestiaire Collective to solidify its market presence effectively and sustainably. The enhanced shopping experience encouraged responsible consumer practices, ultimately supporting Vestiaire's mission of transforming the fashion industry towards greater circularity.
Keywords
VESTIAIRE COLLECTIVE
SPLITIT
BUY NOW PAY LATER
LUXURY FASHION
CIRCULAR FASHION
SUSTAINABILITY
GLOBAL EXPANSION
HIGH-VALUE PURCHASES
PAYMENT SOLUTIONS
CUSTOMER ENGAGEMENT
The Blurbs FAQs
Splitit hasn't answered their category questions yet.
1.
What payment options do you offer (Buy Now, Pay Later, installment payments, pay-in-full, digital wallets, etc.)?
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2.
What eCommerce platforms and payment gateways do you integrate with (Shopify, Magento, WooCommerce, Stripe, PayPal, etc.)?
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3.
What are the fees and pricing structure (merchant fees, transaction fees, late fees, revenue share, etc.)?
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4.
How do you handle risk, fraud prevention, and chargebacks?
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5.
How does your solution impact checkout conversion rates and average order value (AOV)?
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6.
Do you support international transactions and multi-currency payments?
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7.
What is the customer experience like (checkout flow, approvals, mobile optimization)?
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8.
What consumer credit checks or approvals are required for customers to use your service?
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9.
How do you handle refunds, cancellations, and partial payments?
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10.
What level of customer support do you offer for merchants and shoppers?
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