Ann: Business Operations Update, page-98

Splitit don’t take on any risk.  They aren’t supplying the credit unlike zipmoney and afterpay which is why afterpay limit themselves to $500 for new users.

i would prefer to not have bad debts as a company.  Splitit avoid this because it’s up to the credit card companies and the banks to chase bad debt.  If you assess zips financials you will see they take the hit with bad debts.

there are options for debt cards.  There are a few developments ongoing but I’ll let you research that yourself.