Australia's largest stock trading and investment forum Australia's #1 stock forum

SPT

0.00%

7.5¢ splitit payments ltd

the way i see it, might be wrong but educating myselfsplitit can...

First 3380 Last

Share
Profile

Follow
lok35h

147 Posts.

17

25/07/23

08:03

Post #: 68958637
Share

Originally posted by Tekvest: ↑

Visa and MC have set up identical products as a defence mechanism against the threat of BNPL, also as a way of increasing revenues while offering new product. The average charge for credit card transactions, dependent upon the size of the merchant is between 0.5% and 1.5%. Last year in the US MC began its installments program, automatically enabled merchants, publicising it, and charging 3% to the merchants, who went ballistic, ultimately forcing MC to retreat and change Installments to 'opt in' by merchants. Visa and MC also carries the Splitit function over its networks - that is the 'partnership', but ultimately they are competitors to Splitit, with competing, almost identical products. As well as Am Ex and everybody else you care to mention. In the last 10 plus years, while capital has been cheap, the emphasis has been on buying stuff and paying for it later, just because you can. That is likely to change, although a lot of people will be caught behind the curve through necessity.

Expand

the way i see it, might be wrong but educating myself

splitit can still cater for merchants irrespective of the card issuer, when splitit partners with a merchant

visa instalment need to be supported by the card issuer, this enables the particular card for visa instalments

visa instalments is probably white labelled splitit solution, hoping so

Last edited by lok35h: 25/07/23

SPT Price at posting: 7.5¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SFR

Sandfire's latest drill run extends known polymetal mineralisation at the Sesmarias Prospect

FTL

Firetail executive changes set to propel development in Canada and Peru

DVP

Develop Global appoints GR to get Woodlawn copper-zinc plant online mid-2025

HVN

Harvey Norman hit with a second class action – and shareholders, once again, don't care

CTN

Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

Week 38 Wrap: US markets panic at 50bp cut; ALS’s minerals revenue slowdown; RBA path unclear

ASX Market Open: Aussie stocks follow US surge after Fed rate cut decision | September 20, 2024

GRE

Drilling shows continuous Cu mineralisation at Whundo for Greentech

WSR

Westar wraps up field campaign at Mindoolah after divesting non-core assets ahead of 2025

TMS

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

There are more pages in this discussion • 1,789 more messages in this thread...

First 3380 Last

Add SPT (ASX) to my watchlist

the way i see it, might be wrong but educating myselfsplitit can...

Top Stories

Sandfire's latest drill run extends known polymetal mineralisation at the Sesmarias Prospect

Firetail executive changes set to propel development in Canada and Peru

Develop Global appoints GR to get Woodlawn copper-zinc plant online mid-2025

Harvey Norman hit with a second class action – and shareholders, once again, don't care

Catalina Resources kicks off aircore drilling at Laverton project on the hunt for gold, REEs

Week 38 Wrap: US markets panic at 50bp cut; ALS’s minerals revenue slowdown; RBA path unclear

ASX Market Open: Aussie stocks follow US surge after Fed rate cut decision | September 20, 2024

Drilling shows continuous Cu mineralisation at Whundo for Greentech

Westar wraps up field campaign at Mindoolah after divesting non-core assets ahead of 2025

Tennant Minerals clocks high-grade gold, copper hits at Bluebird in the NT

Featured News