What is Splitit? 

Splitit is a buy-now-pay-later (BNPL) service that lets you split your total purchase into smaller monthly installments — with no interest, no fees, and no credit check required. 

When purchasing a machine with Simple Mining, you can enable Splitit right at checkout, allowing you to spread the upfront cost across monthly installments. 

• At checkout, Splitit verifies with your credit card issuer to confirm that the full purchase amount can be authorized.
• If approval is granted, Splitit places a temporary authorization on your card for the total purchase price. This is not a charge — it simply confirms that sufficient credit is available to support the installment plan.
• The full amount will appear as a hold on your credit line, which may temporarily reduce your available credit. However, this authorization does not post as a charge and will not appear as a balance due on your statement. Once the authorization is processed, you can continue using your remaining available credit as normal.
• Because Splitit does not issue a loan, this hold is necessary to guarantee payment to the merchant. For most installment plans, the initial authorization is released within 30 days — often sooner.
• In certain cases, the authorization may be renewed periodically. As installment payments are made, the authorized amount is reduced incrementally until the payment plan is fully completed.
• The duration and handling of these authorizations are determined solely by your bank or credit card provider. For specific timing details, you should contact your financial institution directly.
• Splitit purchases through Simple Mining are subject to a maximum transaction limit of $20,000 USD. For purchases above this amount, please contact our team to discuss alternative payment options.

You will receive regular updates on your installment plan. You can also log in to the Splitit portal at any time to track your payment schedule, remaining balance, and upcoming installments.