🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Yuvraj Divte

Think different • 1y

some of questions: 1. Lets consider there are 500 credit card holder and 700 buyers who want to purchase with credit card. how system will choose which purchaser will go with which credit card holder without creating any bias. 2. How up front payment will work? ( you might use a system which are used in Indiamart where buyer pay to Indiamart and as the deal complete totally then they release money to seller) 3. How reward system will work. because as of now, all the reward and cash back is benefited by the person whose credit card getting used. (and here I'm taking about other than instant rewards and cash back)

1 Reply
1
Replies (1)

Basavaraja V

Software Engineer • 1y

Thanks for your questions. 1. Matching System: We'll develop an unbiased algorithm to match buyers with credit card holders based on availability and transaction history. This ensures fairness and efficiency in matching. 2. Upfront Payment: The shopper pays the platform upfront. The platform then notifies the credit card holder, and once they accept, the shopper's payment is processed. The platform holds the funds securely and releases them to the credit card holder upon successful completion of the transaction. 3. Reward System: The primary rewards, such as cashback and points, go to the credit card holder. However, we plan to introduce additional platform-specific rewards for shoppers, such as discounts on future purchases or exclusive offers, to incentivize their participation. These are preliminary ideas, and we plan to refine them based on further validation and feedback.

Reply
1

More like this

Recommendations from Medial

Image Description

Easemoney

Finance Startup • 10m

Jupiter Money has unveiled its new high-reward EDGE RuPay Credit Card, offering 10% cashback on Amazon, Flipkart, and more. This lifetime free card also supports UPI payments, making it a game-changer in India's credit card market!

1 Reply
6
Image Description
Image Description

Basavaraja V

Software Engineer • 1y

Many people want to make big purchases online but don't have a credit card. At the same time, some credit card holders have unused credit limits. ConnectCred solves this problem by allowing shoppers to make purchases through a service that connects t

See More
23 Replies
3
16

Ayush

Full Stack Developer... • 1y

Have anyone has Bizzblack HDFC card? I want to know about everything related to this card . I got to know that it gives the reward points which can be used to save taxes?

Reply
6
Image Description
Image Description

Giggity

Memes,games, startup... • 1y

Can anyone suggest a good credit card for great cash backs if that's still a thing nowadays

4 Replies
5
Image Description
Image Description

Varun Bhambhani

 • 

Medial • 11m

Debt isn’t bad; mismanaged debt is. A well-used credit card can build your wealth. Pay on time, enjoy rewards, and watch your credit soar. - Hawk.

10 Replies
1
13
Image Description
Image Description

Aatif dehalvi

Hey I am on Medial • 11m

Business Idea: Enabling Credit Card Discounts and Cashback for Non-Credit Card Users In today’s digital shopping era, e-commerce platforms like Flipkart, Amazon, and others frequently offer discounts and cashback deals, especially for customers using

See More
3 Replies
1
5

VIJAY PANJWANI

Learning is a key to... • 16d

CREDIT CARD KINGS – India’s Top Banks Revealed! 🇮🇳💳 Did you know which bank really rules India’s credit card market? Here are the top players by outstanding credit card share (RBI Nov 2025) 👇 🥇 HDFC Bank – 22.3% 🥈 SBI – 18.9% 🥉 ICICI – 16.2%

See More
Reply
4
Image Description
Image Description

Arcane

Hey, I'm on Medial • 1y

Imagine a company's purchasing team negotiates amazing deals with suppliers, getting extended credit terms (like a long payment deadline on your credit card). This frees up cash. But what if the sales team is so good they collect payments from cust

See More
5 Replies
8

Manish Chopra

Hey I am on Medial • 27d

Do you still make payments using cash?” “Do you know how much you spend in a year using cash?” “You can set a limit on a credit card, but you cannot set a limit on cash.” “If there were an app like this, would you use it?”

Reply
1

Download the medial app to read full posts, comements and news.