as explained earlier with Shannon’s insurance - direct debit has its problem as payments need follow ups as they get declined for whatever reason - no money in the account. The idea that the instalment owed is reserved from available credit removed the pain to chase these failed payments. Not a big deal? Keep dreaming! The staff at Shannon’s insurance really dislike chasing the money owed and really like what SplitIt has to offer.
the 3% SplitIt fee will take time to realise its value as the model will correct many instalment usages - utilities, education and insurance.
SPT Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held