PayItSimple launches new credit card payment service in U.S.

New York - PayItSimple, a new service that lets consumers charge any purchase on their existing credit cards and pay it back in monthly, interest-free installments, has launched in the U.S. PayItSimple supports an omnichannel shopping experience and is available for e-commerce, brick-and-mortar, mobile and all other payment platforms.



The PayItSimple service is added to the merchant's cash register or e-commerce site via a downloadable application. When the consumer is ready to pay via credit card, the merchant/customer chooses the PayItSimple option and selects the number of monthly installments requested by the customer.



Authorization processes are carried out automatically by the PayItSimple system and the merchant's payment is fully secured at all times by the authorizations received from the credit card company. PayItSimple automatically schedules and generates installment transactions on the customer's existing credit card, handles their authorization and ensures their collection.



The PayItSimple service was designed based on research conducted with more than 900 US consumers and merchants. PayItSimple currently works on all US-issued Visa and MasterCard credit cards.