Share
804 Posts.
lightbulb Created with Sketch. 181
clock Created with Sketch. 04/02/20
18:27
Share
Originally posted by phreak:
↑
What I don’t understand about Spt is the following. A customer makes a transaction of say $1000. The 1000 is locked on their credit card. Meaning that their available balance is reduced by 1k. I understand that the client doesnt incur any interest charges. But they still have 1k locked up on the card which they cannot use, correct?
Expand
Originally posted by phreak:
↑
What I don’t understand about Spt is the following. A customer makes a transaction of say $1000. The 1000 is locked on their credit card. Meaning that their available balance is reduced by 1k. I understand that the client doesnt incur any interest charges. But they still have 1k locked up on the card which they cannot use, correct?
Expand
The incentive to the vendor/merchant is 1.5% if much cheaper then the 4-5% other providers such as Z1P and APT use. The incentive the consumer is they are using existing credit card, no setting up new accounts or get new credit lines which can affect credit rating etc. Remember SPT is not going after the same merchant/client base as an APT, its going after higher priced items.
