How Monthly Installments Work
Use your existing credit card to split your purchase into smaller payment amounts, with no applications, credit checks or fees.
1.
Choose the number of monthly payments that suits your budget. You will need the full purchase amount available as credit on your credit card on the day of purchase.
2.
The full purchase amount will be authorized on your credit card, temporarily reserving the balance.
3.
The first installment is charged a few seconds after the purchase authorization or upon shipping.
4.
Your credit card will be charged every month until the plan is finished.
FAQ
How do I pay the monthly repayments?
The credit card used to pay your fixed monthly installment will be automatically charged each month for that month's installment amount.
Which credit cards are supported?
You can use Visa, Mastercard, Discover, and UnionPay.
Do I use a card I already have?
Yes. With Monthly Payments you don’t need to create a new account. You simply use your existing credit card to turn purchases into smaller, monthly payments.
What’s the difference between a payment and an authorization?
When you use Monthly Payments for a purchase, there are two main things happening:
- Payments: These are the regular installments that are charged to your card each month to cover the cost of your purchase. They are small amounts of the total amount you owe, spread out over time. The first payment is taken right away, and the remaining payments are automatically deducted each month.
- Authorizations: This is when the full remaining balance of your purchase is temporarily set aside or “held” on your credit card to make sure you’ll be able to make your future payments. If you stick to your payment plan, these authorizations won’t actually be charged to your card.
So, while payments are the actual money you’re paying each month, authorizations are just a temporary hold on your card to make sure you’ll pay later.
How do I manage my payment plan?
After purchasing with Monthly Payments you will receive an email with access to your personal online portal, provided by our partner Splitit. Here you can manage your plan, make additional payments, pay for your plan in full, or change your credit card details.