PayItSimple Brings Installment Payments to the UK

PayItSimple is expanding its services into the United Kingdom.

This comes as good news to frequent credit card users, of which in the UK are abundant. Today there are over 60 million credit cards being accepted by approximately 1 million merchants nationwide.

PayItSimple provides customers the opportunity to make purchases with their credit cards at the time of sale while holding them to monthly payments, without interest installments. Customers can choose the number of equal monthly payments needed to pay off the initial purchase amount incurred either in-store or online.

PayItSimple operates through all mediums of purchasing including physical card transactions as well as mobile and online payments. This grants customers more financial freedom while also managing their expenses more efficiently.

PayItSimple is confident of its chances in the UK due to its success in the US. Their decision to expand is a response to frequent “inquiries and demands” from customers in the UK, according to Alon Feit, CEO and Co-Founder of PayItSimple.

It isn’t all about the customer, however, as merchants also benefit from accepting the terms of PayItSimple. These benefits include higher median ticket size, less reliance on sales and promotions, and increased conversion rates.

This decision by PayItSimple will raise the bar of credit card purchasing throughout the UK, benefiting both merchants and customers alike.