The Next Chapter, page-5070

Visa Installments and Splitit are both buy now, pay later (BNPL) solutions, but they have some key differences in their approach and functionality:

Visa Installments

• Developed by Visa as their own BNPL offering
• Integrated directly into eligible Visa cards
• No additional credit check or application required
• Uses the existing credit line on Visa cards
• Can be used for both online and in-store purchases
• Offers flexibility in payment timing and structure

Splitit

• A third-party BNPL provider
• Works with existing credit cards (not limited to Visa)
• No new loans or credit applications required
• Uses the available credit on customers' existing cards
• Primarily focused on online purchases
• Offers installment plans without additional interest or fees

Key Differences

1. Card Acceptance:
   • Visa Installments: Limited to Visa cards
   • Splitit: Supports Visa, Mastercard, and sometimes American Express and Discover
2. Integration:
   • Visa Installments: Built into the Visa network
   • Splitit: Requires merchant integration of Splitit's platform
3. Merchant Branding:
   • Visa Installments: Visa-branded solution
   • Splitit: Offers a white-label solution for merchants to maintain their branding
4. Technology:
   • Visa Installments: Uses Visa's proprietary technology
   • Splitit: Utilizes its patented Installments-as-a-Service platform