Splitit doesn't have any impact on your credit score, even if … You further understand and agree that, in such circumstances, you are authorising SPLITIT to obtain your credit report on an ongoing basis for account review purposes.You hereby authorise any depository institution to release any financial information concerning Merchant or its accounts to SPLITIT. Card Data must be completely removed from your systems, and any other place where you store Card Data, within 24 hours after you receive an authorisation decision unless you have received the written consent of your customer to retain the Card Data for the sole purpose of processing recurring payments.

Then, each month, according to the shopper's payment plan, the installment amount is collected and Splitit requests authorization for the remaining balance. Using SPLITIT allows you to offer a new form of instalment payments or deferred payment that uses your customer’s existing credit or debit card and works through your existing payment processor.

Merchant agrees to indemnify and hold harmless SPLITIT for any damage, loss, cost or liability relating to or resulting from any breach of this Section 1.2, including all legal fees and disbursements and the costs of enforcing this Merchant Agreement or any action for relief pursuant to this Section 1.2.For each and every Transaction, the Merchant shall provide the Consumer with, and shall ensure the Consumer’s execution of, an Agreement (entitled “Buyer Terms – Australia”) and a Payment Authorisation and the accompanying Terms and Conditions (collectively, the Merchant shall retain and preserve for each Transaction for at least 3 years: (a) in the event of a cardholder-present transaction, an electronic record of the Consumer’s authorisation for the debit to the Consumer’s card of the full amount of the Transaction; (b) in the event of an online transaction, confirmation of online authorisation from the Consumer in a form acceptable to SPLITIT; and if relevant (c) proof of shipment or receipt by the Consumer of any goods or services.Promptly following the completion of the initial three (3) months of Transaction activity using the SPLITIT Platform, and thereafter on an annual basis, Merchant shall provide SPLITIT with certain information regarding Transaction activity, as reasonably requested by SPLITIT, in order to allow Splitit to use this information to develop, prepare and publish promotional material with regard to the benefits arising for, or available to, Merchant in using the SPLITIT Platform and, where applicable, to develop a business case for Merchant. Merchant further agrees to promote SPLITIT using one of the proposed placement set forth in the best practice guidelines attached hereto as Exhibit A.

In case a request of a refund instruction is duly submitted to SPLITIT by the Merchant, SPLITIT shall process such refund instruction and cancel the remaining instalment payments under the Transaction. Please refer to our Splitit charges the merchant a fee for every instalment, but this doesn't need to be covered by the customer.While there are no fees or charges for using Splitit, there are some potential associated costs you will need to keep in mind. product providerWe cannot provide you with personal advice or recommendations The Splitit Ltd (ASX: SPT) share price has returned from its trading halt and zoomed higher this morning. If your use of the SPLITIT Services is terminated, you will not be refunded any part of the Fees that you have paid for the SPLITIT Services. You shall cease to use or display such service marks immediately upon notice from SPLITIT or upon termination of this Merchant Agreement.

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