What is Splitit?
Splitit is a payment method that works with your Mastercard or Visa Credit card allowing you to spread the cost of your Echelon order over 2-9 months. It is not a loan or financing arrangement but an allocation of your existing credit available on your credit card account.
There are no credit checks, registration or applications required and you could benefit from no fees and 0% interest.
Is there a charge or fee for using Splitit?
No, Splitit will not charge for the service and you will not have to pay any interest or fees as long as you keep within the normal terms of your credit card agreement, eg. if you normally clear your credit card balance every month then you don’t pay interest or late payment fees.
By spreading the cost of a purchase over affordable monthly payments with Splitit, you can avoid having to pay off a large sum on your next credit card statement potentially saving on high interest charges.
Would I be eligible?
As the time of purchase, you will need to have enough credit available on your MasterCard, Visa credit card account for the entire purchase amount.
Credit card limit
Amount spent to date, ie credit card balance today
Available credit today
Effectively, you have £2,000 available credit to spend, therefore if your Echelon order came to eg £1,500, you will have an enough credit available to apply for the Splitit payment scheme.
What is held / pending / charged?
Once you go ahead with your Echelon purchase, you will be charged the initial instalment.
82% of the remaining balance will then be held on your credit card account. This will show up as 'pending' on your card statement at first and then released a few days later.
How do the instalments work?
Your Day1/initial charge is made by your credit card company, the remaining monthly instalment charges are made by Splitit.
How do I apply?
At the Echelon website shopping cart, select ‘Splitit’ where you will be redirected to their secure checkout for you confirm your credit card details and your instalment payment plan.
After agreeing to the terms, you can then continue with your Echelon order. Once processed, you will receive your Echelon Order confirmation as well as your Splitit payment agreement.
How do I get help?
For instalment/payment enquiries, please contact Splitit directly:
webchat & FAQ:
phone: 0800 086 9112
Your login credentials for your Splitit consumer portal should have been provided when purchasing, please check your junk folder in the first instance.