VitusVet Announces Splitit Integration, Advancing Innovative Payment Options for Pet Owners
Pet care technology provider partners with payment service to offer installment payments
BALTIMORE, Aug. 18, 2020 /PRNewswire-PRWeb/ -- Pet care technology provider VitusVet today announced VitusPay, in partnership with innovative payment service Splitit, to automatically split payments into installments using a pet owner's existing credit card. The first-of-its-kind integration with Splitit eliminates credit checks, avoids unnecessary new credit applications, and preserves existing credit card points or rewards for pet owners.
"Pet care costs may prevent pet owners from seeking critical wellness care, especially now, when millions of pet owners are impacted by COVID-19 and the recession," said Mark Olcott, DVM, CEO and co-founder of VitusVet. "By offering a variety of payment solutions, like VitusPay powered by Splitit, pet owners can pay for both routine and emergency pet care in installments without experiencing any payment friction. This solution also simplifies payment processes for veterinary practices."
Recent data from the American Veterinary Management Association shows that almost 50% of pet owners make less than $60,000 a year (average household income). A significant number of these pet owners cite affordability as a reason for missing veterinary appointments. With VitusPay, VitusVet anticipates greater wellness compliance; early data shows that pet owners using VitusPay are more compliant with preventative treatments, lab work, and more.
"We are excited to be working with VitusVet to help their customers pay important pet care costs over time. Splitit is the only global payment platform that enables shoppers to pay in installments with their credit card, allowing them to responsibly manage their cash flow." - Adam Mawdesley, VP Global Partnerships, Splitit.
The integration with advanced payment provider Splitit, which recently raised $71.5 million USD in funding, is the most recent addition to VitusVet's suite of technology resources that deliver smoother operations, revenue growth, and happier pet owners. VitusVet's client engagement platform offers visibility into patient compliance, and more robust client experience through digital communication tools including 2-way texting, intelligent reminders, and confirmations, refill and appointment requests and mobile medical record sharing. Learn more at vitusvet.com.
About VitusVet
VitusVet strengthens the connection between pet care providers and pet owners to help practices run more efficiently and ensure the health and happiness of pets. Founded in 2013, VitusVet's complete veterinary practice communication platform streamlines appointment requests, enables text and picture messaging with pet owners, digital medical record sharing, and monitors practice performance with an easy-to-use dashboard. Learn more about VitusVet at vitusvet.com.
About Splitit
Splitit is a payment method solution enabling customers to pay for purchases with an existing debit or credit card by splitting the cost into interest and fee free monthly payments, without additional registrations or applications. Splitit enables merchants to offer their customers an easy way to pay for purchases in monthly installments with instant approval, decreasing cart abandonment rates and increasing revenue. Serving many of Internet Retailer's top 500 merchants, Splitit's global footprint extends to hundreds of merchants in countries around the world. Headquartered in New York, Splitit has an R&D center in Israel and offices in London and Australia.
SOURCE VitusVet
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