How does it work?
Splitit is a payment method that you can select during the checkout screen. It enables our customers to pay for their order with an existing credit card by splitting the value of their purchase into interest-free, monthly payments. No need for additional registrations or applications.
At the time of purchase, Splitit will check if you have enough balance on your credit card to cover the full cost of your purchase. It is a hold on the funds, just like when you check in to a hotel. Once Rad Power Bikes confirms your order, Splitit will only charge you for the first monthly installment. The remaining balance will be held on your 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.