PayItSimple, which allows merchants to offer their customers instant personalized instalment payments using their existing credit card, has officially launched its services in the United Kingdom.
PayItSimple CEO and co-founder Alon Feit said: "We are very optimistic based on the take up of PayItSimple in the US. We opted to accelerate our launch in the UK based on growing inquiries and demand for the service."
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The service allows instant interest-free installments on existing credit cards, with no credit application or service registration.
PayItSimple supports an omnichannel shopping experience and is available for ecommerce, brick and mortar, mobile and all other payment platforms.
PayItSimple offers merchant benefits including increased conversion rates, higher average ticket size, lower barriers to purchase and greater overall customer satisfaction, without any additional merchant risk than a regular credit card transaction.
Moew than 61 million credit cards are being accepted by over 1 million merchants in the UK, PayItSimple said.
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