Splitit requests the approval of your card company and reserves the full amount on your credit card. They guarantee your purchase by
placing a pre-authorisation hold on your credit card for the outstanding amount. This is not a payment.
The first instalment will be charged just after the purchase has been authorised. All subsequent monthly instalments will then be charged
on the same date each month according to your chosen payment plan.
With each payment, the reserved amount on your card is reduced until the purchase is paid in full. The instalments appear on your card
statement as individual payments.