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Basavaraja V

Stealth • 1m

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

Yuvraj Divte

Stealth • 1m

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 replies1 like

Replies (1)

Basavaraja V

Stealth • 1m

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.

0 replies1 like

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Giggity

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

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Anonymous

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Hey I am new to credit card game, purchased a product from flipkart I have some doubts regarding repayment Do i need to manually repay loan in credit card section of my bank app or it will automatically debit? I’m using canarabank credit card

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AjayEdupuganti

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Do you use a RuPay credit card with UPI? How often does your credit card bill exceed your expectations? Are you spending more because of your credit card? I just want to understand whether this could become another potential debt trap for Indians

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How much salary do i need to get if I wanted a credit card from HDFC Bank?

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Giggity

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How much salary do i need to get if I wanted a credit card in HDFC Bank

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I am selling credit cards nowadays but I am facing problem with client like how can I know who is looking for the credit card

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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?

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Arcane

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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

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