Splitit alternative for deposits and payment plans
Splitit, like SPLTR, charges the customer's own card in instalments. The difference is who runs it: SPLTR runs the plan on your own Stripe account, with a deposit, a paid-by date, and nothing for the business to pay.
| SPLTR | Splitit |
|---|---|
| Who sets the schedule | |
| You do: deposit today, then weekly, every two weeks or monthly, finishing by the date you choose. | Splitit's plan options, which the shopper picks at checkout. |
| When you get the money | |
| As each instalment is charged, straight into your own Stripe account. | Depends on your Splitit setup. |
| What it costs the business | |
| Nothing. A flat $1 plan fee sits inside each instalment the customer pays, and you can set it higher and keep the difference. | A merchant fee, set in your agreement with Splitit. |
| If a payment fails | |
| Smart retries on the customer's card. If a payment still fails, it is yours to sort out with your customer — you hold the plan. | Depends on your Splitit setup. |
| Checks on the customer | |
| None. It is your customer's own card on your schedule. | The shopper's card needs room for the plan. |
Splitit's terms vary by country and by agreement — check theirs for your business.
When Splitit is the better choice
You already run an e-commerce checkout that Splitit plugs into.
You want Splitit's arrangement for when you are paid.
When SPLTR is the better choice
You want a deposit today and the balance finished by a date you choose.
You want the money to land in your own Stripe account as each payment clears.
You want a plan you can send as a link — no checkout integration needed — at no cost to you.
See your own plan
Put in your price, the deposit and the date it has to be paid by — the payment plan calculator gives every date and amount.