Israel’s PayItSimple, which offers a service that provides instant consumer financing at the point of sale, announced that in collaboration with Spreedly, it has completed integration with an additional 30 payment gateways to provide PayItSimple service to US-based merchants.
With the addition of these gateways, PayItSimple boasts that it is now integrated with approximately 70% of all payment gateways in the United States.
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PayItSimple’s declares that its patented technology enables merchants to offer secure consumer credit using the consumer’s existing credit card, with no greater risk than they have with ordinary credit card transactions. Installment transactions are automatically scheduled, generated, authorized and collected on the customer’s existing credit card via PayItSimple’s cloud-based, patent-protected platform. For merchants, having this additional payment option can mean increased conversion rates, higher average tickets, increased customer satisfaction and reduced barriers to purchase. Consumers gain instant, interest-free monthly payments, better expense management and no credit applications or qualifications for new credit lines while continuing to enjoy all of their existing card benefits, such as cash back, mileage, points, etc.
“By pre-integrating with most payment gateways in the US, PayItSimple can quickly and easily onboard any ecommerce or brick & mortar merchant without having to open a new merchant account, ” said PayItSimple Vice President of Product, Eric Benayoun. “So merchants interested in offering PayItSimple to their customers can be up and running in a matter of days.”
“We welcomed the chance to work with PayItSimple and reduce their development time from 2 years down to just 1 month, ” said Spreedly CEO Justin Benson. “Our uniform API allows us to connect to a broad set of global payment gateways via a single integration, providing our customers with unparalleled time to market efficiency and reliability.”
Spreedly asserts that it removes friction and creates new commerce capabilities by allowing merchants and platforms to securely store credit cards and create a universal token that can be sent to more than 90 payment gateways or unique third party order API’s in over 80 countries.
PayItSimple USA Inc. was founded by veterans of the finance and retail industries. The PayItSimple product has been patent protected in the United States since 2012.