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7.5¢ splitit payments ltd

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12/02/19

15:13

Post #: 37411906
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Originally posted by selfmaderiches: ↑

brillant besides the merchant waiting for their funds... why sell a product if you have to wait for payment... alot of business have creditors to pay... can the split that...

IMO SPT will be successful long run if they get the big name merchants who have the cash to wait for payment... middle to small end of town will not be able to use this system unless they are racking in huge margins ontop... E commerce is competitive and yes Split will help you sell more, but you also have to be price competitive in the first place, secondly make enough money to re invest 3rdly cash flow so you dont fall behind...

I wouldn't call it a brilliant model, it has it's niche market, and will only be good for small to mid size business's once MasterCard and Visa integrate something special to SPT...

Til then we wait on quarterly's and the proof in the pudding... can this still grow long term.

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SPT Price at posting: 77.5¢ Sentiment: Buy Disclosure: Held
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