1. Acceptance of Terms
By accessing or using the SplitPay platform, you agree to be bound by these Terms and Conditions. If you do not agree, please do not use our services.
2. Eligibility
You must be at least 18 years old and a U.S. resident to use SplitPay. Approval is subject to income verification and risk assessment. SplitPay reserves the right to decline any application.
3. Payment Obligations
By approving a payment plan, you agree to make all scheduled installment payments on time. Late fees may apply to missed payments within applicable legal limits. Spending limits are adjusted based on repayment history.
4. Service Fees
Risk-based service fees ranging from 3% to 8% may apply depending on your risk profile and payment plan structure. All fees are disclosed prior to confirming any transaction.
5. Merchant Transactions
SplitPay facilitates payment between consumers and participating merchants. Merchants are charged a transaction fee of 4%–6%. SplitPay does not take responsibility for product quality, delivery, or merchant disputes beyond payment facilitation.
6. Account Termination
SplitPay reserves the right to suspend or terminate accounts that violate these terms, engage in fraudulent activity, or fail to meet repayment obligations.
7. Regulatory Compliance
SplitPay operates in partnership with licensed financial institutions and complies with applicable state and federal lending regulations, consumer protection laws, and data privacy requirements.
8. Changes to Terms
SplitPay may update these terms at any time. Continued use of the platform constitutes acceptance of updated terms. Material changes will be communicated via email.
9. Governing Law
These terms are governed by the laws of the State of California and applicable federal law. Any disputes shall be resolved in the appropriate courts of California.
10. Contact
Questions about these terms may be directed to our team at contact@splitpayy.com.