Back to feeds

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

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

More like this

Recommendations from Medial

Image Description
Image Description

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

See More
23 replies16 likes
3
Image Description
Image Description

Mamidela Dinesh Kumar

Stealth • 8m

Adding UPI to credit card is the ultra pro max definition of making one more poor. Would you take upi enabled credit card ?

10 replies17 likes
Image Description
Image Description

Chamarti Sreekar

Stealth • 2m

Best credit card according to you is?

6 replies17 likes
2
Anonymous
Image Description
Image Description

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

4 replies3 likes
Image Description
Image Description

Applyly

Stealth • 18d

SaveSage Club Secures Rs 2.5 Crore Funding SaveSage Club Secures Rs 2.5 Crore Funding to Revolutionise Credit Card Management SaveSage Club, a Gurugram-based startup, has successfully raised Rs 2.5 crore. The angel funding round was co-led by iSEED,

See More
2 replies3 likes
Image Description
Image Description

Udyamee

Stealth • 9m

Idea validation Not everyone has a credit card, and some may not have cards from various banks. A platform could be created where individuals exchange the benefits of their credit cards. For example, if Amazon offers a 10% discount on SBI cards, t

See More
13 replies10 likes
Image Description
Image Description

AjayEdupuganti

Stealth • 7m

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

See More
3 replies2 likes
1
Anonymous
Image Description
Image Description

Hey everyone! I’m working on a bill payment app that lets users pay any QR code using their Visa, Mastercard, or RuPay credit cards. This app is especially for small businesses and shops. Here's the cool part: 💳 Payments are processed in two steps

See More
6 replies11 likes
3
Image Description

Ameya kshirsagar

Stealth • 3m

hello frends this is my first time presenting my Ideas so hope you would guide me and upvote my idea MagicFinance is a comprehensive personal finance app that empowers you to take control of your financial life. This all-in-one solution allows you

See More
3 replies4 likes

Ravi Handa

Stealth • 5m

Thank you to those who don’t pay Credit Card bills on time. 😁

0 replies11 likes

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