The PayItSimple service is added to your cash register or e-commerce site via a downloadable application. When the consumer is ready to pay via credit card, you/your customer choose the PayItSimple option and select the number of monthly installments requested by the customer. The normal credit verification procedure is implemented and authorization is received from the credit card company for the whole transaction. Towards the end of the first month, a new authorization for the outstanding balance of the transaction (after deducting the payment already received) is automatically requested by the PayItSimple system; upon confirmation the original authorization received at the time of the original transaction is cancelled. The process is repeated in subsequent months until the whole amount of the transaction is paid.
It is important to emphasize that the authorization processes are carried out automatically by the PayItSimple system and that at all times the merchant's payment is fully secured by the authorizations received from the credit card company.
All of the payment transactions are processed directly between the credit card company and the merchant.