Splitit enables both ecommerce and brick & mortar merchants to offer interest-free monthly installment payments to their customers at the point of sale. Customers do not have to apply for a new credit line or qualify for a new credit card. Splitit works on their existing credit cards so customers also enjoy all of their regular credit card benefits such as points, cash-back and mileage. For merchants, having this additional payment option can mean increased conversion rates, higher average tickets, increased customer satisfaction and reduced barriers to purchase. ISOs and agents enjoy improved merchant acquisition and retention, increased credit card volume and increased revenue via a share of Splitit fees.