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Fun fact: We use the same kind of insurance for the weekly $10,000,000 sweepstakes at Yotta: https://www.withyotta.com https://www.withyotta.com
by doyleb 4y ago
Fun fact: We use the same kind of insurance for the weekly $10,000,000 sweepstakes at Yotta: https://www.withyotta.com https://www.withyotta.com
- doyleb 4y agoThe insurance companies actually love this since there's no element of skill involved so the odds of winning can be computed exactly
- shepherdjerred 4y agoHow do you make money? It seems too good to be true with all of the bonuses and promotions the site touts.
- doyleb 4y ago"Too good to be true" is definitely a problem we run into. We make money the same way any bank does, via lending out the deposits and via a small interchange fee charged to the merchant when customers use our cards. Our net prizes paid out are comparable with other high yield savings accounts / rewards credit cards but the random reward makes it (hopefully) more engaging
- saganus 4y agoFunny that in one of the info cards it says "MILITARY-GRADE SECURITY" and then inside that same card: "Your account is protected by bank-grade encryption and authentication." A unique marketing model nevertheless.