3 ms·
Thanks for sharing! What we meant is that we are the first debit card with meaningful rewards that are comparable to those of a credit card. Re security: We al
by patrickmro 8y ago
Thanks for sharing! What we meant is that we are the first debit card with meaningful rewards that are comparable to those of a credit card.
Re security: We allow you to have full control over the card for enhanced security: Ex: You can set daily spending limits, turn ATM withdraws on/off, and get instant notifications every time your card is swiped.
- ferrisford 8y agoNot saying it's not secure, I just enjoy a firewall between the card I use and my cash balances. I pay off the balance each month so it works well for me. I understand it doesn't work for everyone and that only using a debit card helps some people live within their means, kudos for trying to build a good product for that market.
- masonic 8y agorewards that are comparable to those of a credit card But who pays for those rewards? With a credit card, my rewards are a partial kickback of the fees charged to the merchant. Those aren't present in a debit transaction, which may have just a small per-transaction fee that doesn't vary with purchase amount. Where does that money come from? Is the plan based on selling demographic or purchase history data to third parties?
- patrickmro 8y agoWe do a partial kick off of interchange fees as well, since we are partnered with a smaller bank this allows us to have a larger merchant fee.