Splitit teams with letus to bring Instalments-as-a-Service to rentals

Thursday 4 August 2022 14:39 CET | News

Canada-based cloud payment platform letus has chosen Splitit to integrate Instalments-as-a-Service for the property rental market.


The collaboration brings a new payment option to letus's cloud payment platform for property managers and owners. Tenants can spread the costs of expenses such as rent or security deposits over several monthly instalments on their preferred credit cards with no additional interest charges.

Commenting on the partnership, officials from letus stated that Splitit helps them reach their objective to bring innovative technology and tools to alleviate some of the hurdles for tenants and property managers alike. The ability to integrate Splitit's white-label solution into their platform ensures a seamless experience facilitating to foster a stronger relationship between tenants and landlords.

Canada-based cloud payment platform letus taps Splitit to integrate Instalments-as-a-Service for the property rental market.

Splitit and its partner network

In May 2022, Splitit and BlueSnap have partnered to simplify Buy Now, Pay Later for merchants. The collaboration provides added visibility and distribution for Splitit through BlueSnap's network of mid-market and enterprise customers. BlueSnap's gateway and payment processing supports the processing of Splitit instalments in all the countries and regions where BlueSnap operates. As part of the agreement, BlueSnap will be Splitit's preferred partner for processing instalments for all joint and direct merchants.

Splitit has also teamed up with Discover Global Network to provide its worldwide cardholders with instalment payments. Merchants can offer shoppers the ability to use their Discover, Diners Club or network alliance credit card at checkout with Splitit to spread payments over time. The BNPL provider charges shoppers no additional fees or interest, letting them take advantage of payment instalments while earning the rewards that their credit card offers.

letus's cloud payment platform offers flexible rent, credit reporting, and 360-degree payment solutions that enable customers to take control of their finances. Property managers can collect rent and allow tenants to choose how they pay it while reconciling all payments on one fully integrated, and secure platform backed by an ecosystem of partners.

Splitit's white-label installments solution provides a simple single-point API integration, ensuring letus delivers a consistent and branded experience embedded directly in the platform. Any consumer with the available balance on their credit card is automatically pre-qualified to use Splitit. There's no application, registration or redirects and no additional interest, hidden fees and or credit checks.

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Keywords: Splitit, BNPL, instalment payments, API, partnership
Categories: Payments & Commerce
Companies: letus, Splitit
Countries: Canada
This article is part of category

Payments & Commerce




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