Splitit, a leading global monthly installment payment solution, today announced that it has joined the Magento Technology Partner program. Magento, an Adobe company, is the leading provider of commerce innovation to merchants and brands across industries. Splitit joins a growing list of valuable technology vendors offering business-enhancing functionality for the Magento platform.
The Splitit extension for Magento Open Source and Magento Commerce enables merchants to offer their customers Splitit's installment payment solution for online purchases with an existing credit card, splitting the cost into interest and fee-free monthly payments. After downloading the extension, Magento merchants can easily go live with the Splitit payment method via a simple selection from a drop-down menu in the Magento admin.
"Magento has a strong and differentiated offering in the ecommerce marketplace and we're excited to join its Technology Partner program," said Brad Paterson, CEO at Splitit. "We look forward to offering our interest and fee-free installment payment solution to our joint merchants, helping to increase average order values while decreasing cart abandonment rates."