THE WHAT? THG has partnered with global monthly instalment payment solution provider Splitit to offer monthly payment options across the retailer’s beauty, nutrition and lifestyle brands via THG Ingenuity, the Technology Services division of THG.
THE DETAILS Consumers will now be able to pay for purchases using their own credit without additional fees, as well as pay in instalments using their existing credit.
According to a press release, “Splitit is notconsumer financing – there is no interest, no application, no late fees and consumers get to collect and use their own credit card rewards.”
THE WHY? As online beauty consumerism continues to soar as a result of store closures and lockdown measures, e-tailers are increasingly looking to payment solutions to promote customer loyalty and ease of transaction.
John Gallemore, CEO of THG Ingenuity, said: “The agreement with Splitit will add further payment capabilities to our proprietary, end-to-end technology and operating platform THG Ingenuity, and provides our customers with even more payment opportunities to suit their needs.”