What is Splitit? 

Splitit is a buy now pay later service that lets you break your initial payment up into smaller monthly payments with no interest, fees, or credit checks. 

When purchasing a machine with Simple Mining, you can enable Splitit right at checkout, allowing you to smooth the up front cost over 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 authorization is necessary to guarantee payment to the merchant. For most installment plans, the initial authorization drops off 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 are subject to a maximum transaction limit of $20,000 USD.

You receive consistent updates regarding your plan, Splitit offers a portal where you can track this.