"Splitit", a postpaid payment management tool called "BNPL (Buy Now, Pay Later)" for luxury goods and luxury services, makes the most of the credit that consumers have already gained, making it smarter. It is a service to spend money. Since the Black Friday, when the countdown to the holiday season has begun, the average amount of spritit has increased by about 60%. The settlement mechanism of the spriti is different from the conventional BNPL model such as "After Pay" and "Krana". For example, in the case of afterpay, customers purchase products immediately and pay four installments. Although it is always unnecessary, delinquent fees may be applied. If you pay by the due date, the service is free. On the other hand, banks, payments for retailers, and shopping services, a major shopping service giant, offers a wide range of payment services, such as 4 installments of non -interest and within 30 days. In addition, the "Krana Card" will soon be launched in the US market so that it will be able to provide Krana services in a substantial card format. In the case of spritits, consumers can use their credit card limit. As long as you pay the monthly credit card claim by the due date, the price of the product purchased at the sprit can be equally divided into 12 installment payments without interest. Splitit has stated that its service is the only installment payment service based on a credit card. The advantage of the consumer is to maintain the miles and points of the royalty program provided by the credit card company you are using. The installment payment services such as Krana provide a unique royalty program. According to Spritit John Harper, the company's model is a more responsible purchase method than other models. This is because consumers actually use the expenditure limit that has already been approved, and does not have any additional debt. It is a cash management tool based on customer income and past purchasing power. "Since we use credit cards, we have already received restrictions on all rules applied to the credit card industry. If you make a loan at the time of sale, you will have to debt without restrictions, but such a loan. It is one of the factors to promote more than your income, "said Harper.
