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7.5¢ splitit payments ltd

I agree with your sentiment but not your comments in regards to...

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Jack2015

60 Posts.

18

11/07/19

19:41

Post #: 39483231
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Originally posted by Chipfiend: ↑

ZIP takes on the risk for the merchants and the benefits of the SPT model is also its weakness. Buyers can cancel their credit card after the 1st payment and the merchant would be out of pocket. There is no repercussion as that would go against the NCCP laws since SPT doesn't even provide credit checks. There is a huge risk for SPT merchants and if you can't understand that concept then it's probably best you don't invest as you don't understand the competitive advantage that ZIP has since it's offering is superior for merchants.

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I agree with your sentiment but not your comments in regards to the NCCP or your misunderstanding of the SPT model. The pre-authorisation protects against someone canceling their credit card and the NCCP has as much to do with it as it would using your credit card to buy a cup of coffee.

SPT Price at posting: 50.0¢ Sentiment: Sell Disclosure: Not Held
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