I stand corrected. SPT does accept debit cards too, provided the merchant allows it.
How does Splitit work?Credit Card:
At the time of purchase, once the business confirms the shipment, the shopper will only be charged for the first payment. The remaining balance will be held on the credit card until the final payment is made. After each monthly payment, the amount held from the available balance will be reduced to the new remaining balance.
Here is an example of how Splitit works for a purchase of $300 in 3 installments with a credit card:
*Note that the held amount might show as ‘pending transaction’ on your credit card statement.
Debit Card*:
At the time of purchase, once the business confirms the shipment, the shopper will only be charged for the first payment. The remaining balance will be held on the credit card until the final payment is made. After each monthly payment, the amount held from the available balance will be reduced to the new remaining balance. When using a debit card, the entire amount will be held on the card as a temporary hold, and released within 5 business days. Debit cards may be limited by number of permitted installments or purchase total.
Here is an example of how Splitit works for a purchase of $300 in 3 installments with a debit card:
*Some merchants will only accept credit cards and not debit cards.
