It is something left of field, obviously credit card companies...

It is something left of field, obviously credit card companies will love it...

but has its advantages for consumers and merchants...

If you already have a credit card and have been paying it off before the interest free period expires I don't see the issue. If you rack up debt on your CC well its your own fault sorry. But you can always balance transfer if you get into trouble.

I will spell out what I see as the main risks for the platform...

Merchant - Cashflow
Consumer - Paying off CC Bill each month before interest free period expires.
Splitit - Not continuing company growth.