8 “Buy Now Pay Later” Apps Like Splitit. Finding apps that are comparable to Splitit? Look nowhere else! The top 8 Splitit alternatives that you can use for payment installments are covered in this post.
These applications are a wonderful way to purchase an expensive item without paying a high interest rate, regardless of whether you are looking for the best electrical products, children’s toys, new furniture, fashion, or anything else!
The question of whether Splitit is legitimate now arises, as well as why it isn’t Splitit. Splitit is a fantastic online application that allows for payment installments to facilitate better and easier shopping.
8 Apps Like Splitit to “Buy Now Pay Later”
In this article, you can know about Apps Like Splitit here are the details below;
And doesn’t even call for a formal application. Additionally, it is perfectly linked with Big Commerce, Shopify, and other platforms and has the greatest ratio of transactions approved.
Its restricted availability of payment alternatives, the small number of retail traders, and certain retailers’ refusal to take debit cards, however, make it less enticing.
To increase your options and ensure you are getting the greatest bargain from several merchants, look into Splitit alternatives.
Affirm
First up on our list of Splitit alternatives is Affirm. It is an online service that streamlines transactions and simplifies shopping.
After making a purchase, you might have noticed Affirm at a few well-known retailers, like Wayfair, Walmart, Casper, and others. Thousands of offline and online retailers are affiliated with it.
Affirm loans, unlike credit cards, have fixed payment schedules that you may view prior to completing each transaction.
Additionally, a few merchants offer rates as low as 0% on your purchases when you shop with confirm. Depending on your score, some may have rates of 30%.
Features
- Use the app to make payments whenever it’s convenient for you.
- Access a list of affiliated merchants to go straight to each merchant’s website.
- It provides a means of making each transaction secure.
- Enables you to complete your payments on a flexible repayment schedule.
- You can make investments from any online retailer using a virtual card with one-time use.
Requirements for Eligibility
- Ideally, you should be 18 or older (19 in Alabama and Nebraska)
- Possess an authorized U.S. or APO/FPO/DPO residence address
- A legitimate U.S. mobile or VoIP number that can receive texts through SMS
- Please provide your full name, email address, and birthdate.
- To verify your identity, enter the final four digits of your social security number.
How Does Affirm Work?
Affirm reviews your account whenever you request to make a purchase in order to approve that transaction.
Additionally, you will be given with a variety of payment choices at the checkout that you can select from based on your budget.
Your credit limitation is determined by your payment history, Affirm credit history, and the length of time you’ve had the Affirm account.
However, certain aspects, such as how you’re handling your current loans, making payments on time, and lowering debt levels, can improve your credit limit.
The maximum purchase amount permitted by Affirm is around $17,500.
Payment options include dividing your purchases into up to three equal payments over the course of six or twelve months to pay back your loan. Even better, there are no prepayment penalties if you repay your loan early.
You may utilize your debit card or bank account to make payments. You can also use a credit card to make a down payment and subsequent installment payments for select goods. Making a payment page is another method of payment.
Interest & Fees: Depending on your credit history and the store, your purchases may be subject to good rates that vary from 10% to 30%.
Additionally, there are no additional fees for early payment, late payment, service, or hidden fees.
Afterpay
Similar to Splitit, Afterpay gives you access to hundreds of clothing retailers and helps you spread the cost of your purchases across four equal payments. This is another Apps Like Splitit. Also check Firebase Alternatives
It is a financial innovation from Australia that also works in the US, New Zealand, the UK, and Canada.
Creating an account is simple even without providing your social security number. Its collaboration with more than 23,000 sellers makes it more intriguing.
It is important to understand that each individual purchase determines whether an application is approved or rejected.
Features
- Operates as a backup payment option during the online or in-store checkout procedure.
- View the details of your account, orders, and upcoming payments.
- Find out when a payment is due.
- the option to switch your payment card for upcoming transactions
- Users have the option of making interest-free monthly payments for this purchase.
- By breaking up your purchase into four payments, you can increase your cash flow.
Requirements for Eligibility
Must reside in one of the 50 US states or the District of Columbia and be a citizen of the country.
In Nebraska and Alabama, at least 19 years old but at least 18 years old.
Able to enter a contract that is enforceable
A working email address & mobile number that can be verified
Valid United States postal code for delivery
The ability to make a purchase using a credit or debit card issued in the US.
How Dos Afterpay Work?
You will first be granted a modest spending cap while using Afterpay. The initial payment must be made at the time of purchase, and the balance must be paid in subsequent installments.
For instance, if your shopping total is $100, you will need to pay $25 at the register. And during the following six weeks, the remaining $75 is paid in equal payments every two weeks.
Because it won’t record your on-time payments to the credit bureaus, it has no impact on your credit score.
Maximum Limit: The amount you can typically borrow with Afterpay is unbounded. However, a number of new accounts can only start with $500.
Depending on your usage of Afterpay, how frequently you make late payments, and how often you make on-time payments, this limit ultimately rises over time.
Loan repayment options include four equal payments that are due every two weeks, with the first installment being paid after checkout.
Your purchases, for instance, are split into four equal installments, with 25% due at checkout. And during the following six weeks, you must pay the remaining 75% in equal increments, every two weeks.
Payment Options: Mastercard and Visa credit and debit cards issued in the United States are currently accepted by Afterpay.
Interest and Fees: There are no interest fees. The only fee it levies is a late fee, which is always flat-rate at 25% of the original purchase and never builds up.
Sezzle
You can also use Sezzle as a Splitit substitute to simplify your purchasing. Its quick approval procedure, which involves running light credit checks, is what makes it so well-liked. This is another Apps Like Splitit.
You may buy nearly anything relating to fashion, infant care, health, sports, clothing, and many other topics from its incredible choice of brands.
Sezzle will automatically divide your income into four interest-free installments for more much six weeks without affecting your credit score, all you have to do is shop and get whatever you want.
Features
- Utilize Sezzle as your chosen payment option on the app or website.
- Provides a large selection of goods, such as jewelry, clothing, and shoes.
- The cost of a product can be paid in four interest-free installments by customers.
- Performs the role of a backup payment method during the checkout process.
- Permit you to change the date of your payment.
- Based on their offerings, level of popularity, and level of product quality, featured stores are chosen.
Requirements for Eligibility
- Should be at least 18 (19 in Alabama) years old.
- A working email address, as well as a US or Canadian cell phone number
- Must include a debit card, credit card, or bank account in the US or Canada; prepaid cards are ineligible for initial purchases.
How Does Sezzle Work?
Their special approval process examines your account after you place a purchase to determine what kind of plan should be made available to you.
Following their approval, you will pay the required down payment and then three equal installments over the course of six months.
As soon as your order is placed, Sezzle will immediately pay the seller in full, ensuring that they have the finances necessary to quickly complete your item.
Your FICO score is unaffected by missed or late payments if you have a normal Sezzle account because these accounts do not report to the credit bureaus.
The most you can borrow through Sezzle is $2,500, but not everyone will be permitted to borrow the full amount.
You should be aware, though, that if you use Sezzle frequently and pay on time, your limit can get up.
Payment terms: There is no interest or other hidden fees associated with any of your three installments, which are each due two weeks apart.
Payment Options: Debit cards, credit cards, & bank accounts are all acceptable forms of payment.
Interest and Fees: There are no interest fees. However, the only expenses you might incur are the $10 and $5 rescheduled payment and failed payment fees, respectively.
Perpay
Perpay is another buy now, pay later business whose major goal is to increase the accessibility of daily purchases while helping you establish credit. This is another Apps Like Splitit.
You can shop for the items you want using your own spending cap. You’ll be eligible for credit building once you’ve made on-time payments for four months.
By reporting your direct deposit payments to Equifax and Experian credit agencies, Perpay, unlike the majority of Splitit competitors, can aid in raising your credit score.
Features
- Utilize your own spending cap to shop for the items you want.
- Pay for your order over time using a little portion of each paycheck.
- After just four months, your credit score will start to rise.
- Pick your favorite item, add it to your shopping basket, and then select Perpay as your method of payment.
- Your account history will be used repeatedly by Perpay to assist you in establishing credit.
Requirements for Eligibility
- Actively pursue and keep a full-time job.
- Maintain compliance with all financial obligations
- A three-month job history with your current firm that is valid
- Setting up several direct deposits is possible.
- A functioning cell phone
- No ongoing bankruptcies
- A comprehensive copy of a recent pay stub is available.
- The suggested minimum yearly income is $15,000.
How Does Perpay Work?
You can then apply for a review after adding your favorite products to your cart on the Perpay market after creating an account.
Perpay will review your request and provide an appropriate spending cap along with a response regarding your requested application.
You’ll receive an email with instructions on how to pay for your order and receive your product once they approve your application.
They will mail your stuff once they have received your initial payment. After that, you can make easy monthly payments without paying any interest or other fees.
Maximum Limit: The spending cap is limited for new customers and ranges from $500 to $2500. Depending on how you utilize the platform and your solid payment history, your spending cap can be raised.
Repayment: You can arrange for a regular direct deposit and pay back the loan in eight equal installments. These payments are taken outright from your upcoming paychecks.
Payment Options: Perpay payments are done through direct deposit into your employer’s account and are received during that period of time.
Interest and Fees: There are no interest fees. Perpay will assess you a late fee of up to $35 if you accidentally miss a payment or if they don’t get it within six days of the due date.
Klarna
A similar software to Splitit called Klarna also provides online monetary services, such as direct payments, post-purchase payments, & payments for online stores.
Its primary goal is to provide payment solutions for the e-commerce sector and facilitate secure and safe transactions for both customers and sellers. This is another Apps Like Splitit.
Additionally, it improves your checkout experience by providing direct payments, pay after delivery choices, and flexible installment plans.
Features
- Spend your money in four equal installments, each due every two weeks.
- Access more than 250,000 retail partners, such as Samsung, H&M, IKEA, and others.
- Direct payments, post-purchase payments, & fees for online storefronts are all examples of online financial services.
- Receive real-time updates on delivery times, pickup locations, and even images.
Requirements for Eligibility
- To utilize the Klarna payment methods, you must be at least 18 years old.
- Possess a good credit history
- Owe less money in debt.
- possess a working phone number & email address that can be verified
How Does Klarna Work?
In order to approve your credit, Klarna will use your personal information, a soft credit inquiry, and your transaction history on Klarna to ascertain your spending limit.
You can choose between a 6 to 36-month loan, a pay in 4 or pay in 30 day option, or one of the three financing choices when you make a purchase.
While choosing to pay in four interest-free installments, Klarna does a credit check, but it has no impact on your credit score and is invisible to other lenders.
Maximum Limit: There is no predetermined credit or spending limit mentioned by Klarna. Instead, Klarna’s soft credit inquiry, the information you provide, and your purchasing history determine your spending cap and your ability to purchase.
Repayments: You can choose between three financing choices throughout the purchasing process: Pay in 4 days, Pay in 30 days, or and the a 6 to 36-month loan.
Payment Options: At this time, all major debit and credit cards—including Mastercard, Visa, AMEX, and Discover—as well as prepaid cards are accepted by Klarna. Prepaid cards are not accepted. Additionally, AMEX cards cannot be used to create a One-time card.
Interest and Fees: The pay in four loans offered by this company have no interest fees. However, if you miss your payment deadline, you will be assessed a $7 late fee, and for longer-term loans, a $35 late cost.
Zip
A fintech company called ZipPay wants to help people buy now and pay later. Now that it has purchased Quadpay, it conducts business in South Africa, Australia, the Czech Republic, the United States, New Zealand, and the United Arab Emirates. This is another Apps Like Splitit.
Zip digital wallets offer Zip Money and Zip Pay, two different kinds of interest-free accounts. Wherever Zip is accepted, these can be used with retail partners both in-person and online.
Up until the end of each month, Zip Pay offers a service with no interest. Additionally, there is a $6 fee if the payment is not made before the deadline. These accounts are offered in the $250 to $1,500 range.
Features
- Browse our Store Directory with ease and convenience to find more than 26,000 retailers.
- Use the app to browse and purchase from any online retailer.
- Find everything you love and wonderful new items.
- Manage your account & shop online or in-store almost anywhere.
- Pay off all of your household and personal debt.
Requirements for Eligibility
- Age of at least eighteen.
- Possess a legitimate account with PayPal, Facebook, or an online bank in your own name.
- Excellent credit standing
- Earn a weekly primary income of more than $300.
- A Working Phone Number And Email
- Have a valid MasterCard and the Visa credit or debit card
How Does Zip work?
Open a Zippay account and submit a loan application. Make your purchase either in-person or online after they give you the go-ahead.
Once you’ve made your decision, you’ll need to pay $25 either up front or as a down payment via credit or debit card.
You can next see your payback schedule, which calls for three further 25% installments spread out over the following six weeks. These are all interest-free payments in full.
Your credit score will be moved if you fail to pay your payments on time. Making on-time payments is crucial because when you apply for the service, it will also check your credit score.
Maximum Amount: $350 to $1,000 is the maximum amount you can access using Zip Pay.
Repayments: You only need to pay the first quarter of your purchase price; the remaining seventy-five percent will be paid in equal installments over the following six weeks.
Payment Options: Your repayments will be automatically deducted from the payment option that is connected to your account.
Interest and Fees: It levies no interest or other unstated fees. On the first of every month, they may impose a $7 fee if your balance is not paid in full.
Zebit
You can explore Zebit’s website and take advantage of the opportunity to utilize a credit account without worrying about the interest rates.
It provides a large range of goods in well-liked areas like furniture, electronics, home decor, other utilities, and many more.
Your capacity to use the app will be determined by your Zebitscore, which is given to users along with a $2500 credit line. This is another Apps Like Splitit.
Features
- Get up to $2,500 in ZebitLine or store credit with no interest.
- Through the application procedure, Zebit will evaluate how much credit you are qualified to receive.
- Provides a range of branded goods.
- Browse the Zebit Market to see what products are offered.
- Pay 25% immediately and the remaining 75% over the following six months.
- Don’t send information about your payments to credit bureaus.
Requirements for Eligibility
- 18 years of age or older
- Possess a working email address
- Possess a functioning, confirmed US mobile number
- Might check your identification and source of income or employment
How Does Zebit work?
Zebit provides customers with credit worth up to $2,500 that they can use to purchase items from the Zebit Market.
You can buy things from the Zebit Market fully interest-free, but you will need to finance them using the ZebitLine.
A down payment must be made at the time of purchase, & the remaining balance must be paid over the following six months.
For instance, if you want to buy anything for $1,000, you’ll need to put down 25% of that amount, or $250, and the rest $750 will be financed over the course of six months.
ZebitLine will be cancelled if you quit your employer because it is only valid with your present employer.
Maximum Amount: Zebit allows you to access up to $2,500 in total.
Payment terms: You have six months to pay back the items you purchase, and the payments are spread out over that time.
Zebit offers credit and debit cards as forms of payment.
Interest, late fines, application fees, and membership fees are not assessed.
Paypal in 4
The fourth and last option on our list of the top Splitit alternatives is PayPal Pay. Most are, you’ve used PayPal to send or receive payments at some point.
A new service called PayPal Pay in 4 is only available to those who already have a PayPal account that is in excellent standing. This is another Apps Like Splitit.
In other words, there’s a chance the PayPal “Pay in 4” option won’t show up in the PayPal wallet if your PayPal account has a negative balance.
Purchases between $30 and $1500 can be broken up into four interest-free payments, which include the initial payment and three subsequent automatic installments.
Features
- Serves as a payment processor for numerous business users, including auction websites and online shops.
- Both the buyer and the seller are protected by the exclusive transaction dispute resolution process.
Requirements for Eligibility
- Age of at least 18
- Reside in a state that is qualified in the United States
- Have a functioning PayPal account that is linked to a credit or debit card.
- Accept the completion of a mild credit check
- Complete a transaction with a value ranging from $30 to $600.
How Does Paypal in 4 work?
Create a PayPal account, fill it out with your contact information, your card details, your home address, and the direct link to your bank account.
If you meet the requirements, you can see the Pay in 4 option in your PayPal wallet. To pay for your purchases, you simply need to click on the normal PayPal button.
The initial payment must be made at the time of purchase, & subsequent payments are automatically debited from your PayPal account based on the mode of payment you’ve chosen.
Keep in mind that missed payments that go unpaid for 30 days or more might have a negative impact on your credit score.
Maximum Limit: Using your PayPal account, you may be qualified for purchases between $30 and $1,500.
Repayments: The three installments are automatically arranged for biweekly payment through your PayPal account over the course of six weeks.
Interest & costs: There are no interest costs or other fees, such as late fees, imposed. On overseas purchases, PayPal merely levies a fee for currency conversion.
Final words: 8 Best Apps like Splitit!
You can purchase something now and pay off the balance over time using applications like Splitit. Most of these applications don’t charge any form of fee and are interest-free.
These “buy now, pay later” apps are immensely popular since they allow users to spread out their payments for items.
However, keep in mind that having access to these services does not entitle you to an unlimited shopping spree.
Hopefully, the aforementioned post has assisted you in finding the ideal Splitit substitute.