Without SEPA instant, I don't think I could be bothered with planning expenditure and possibly leaving funds exposed to a business that seems destined to fail.Setting up the account & getting the card to work took some time but now it's working nicely. The cashback does add up, even though the fine print shows that quite a lot of spending doesn't qualify (e.g. utilities and gym membership). Going to test if it works for dental hygienist next week. The app is easy to use & intuitive, but unlike most other fintechs bank transfers aren't instantaneous so topping up takes planning ahead.
It's definitely frustrating, particularly if you wanted to use it for a short-notice expensive purchase but didn't want to risk leaving large amounts sitting in the account.Without SEPA instant, I don't think I could be bothered with planning expenditure and possibly leaving funds exposed to a business that seems destined to fail.
how long did it take for your card to arrive? Im waiting 2 weeks alreadySetting up the account & getting the card to work took some time but now it's working nicely. The cashback does add up, even though the fine print shows that quite a lot of spending doesn't qualify (e.g. utilities and gym membership). Going to test if it works for dental hygienist next week. The app is easy to use & intuitive, but unlike most other fintechs bank transfers aren't instantaneous so topping up takes planning ahead.
I took about two weeks but they told me it can take up to 30 days. Also, the in-app instructions don't explain that if you change the PIN in the app you also have to go to an ATM afterwards to confirm it.how long did it take for your card to arrive? Im waiting 2 weeks already
Hi Tom, did you successfully claim back on your dental bill?Going to test if it works for dental hygienist next week.
Their home page states; "Up to 50% Cashback on selected brands. We are partnering with leading brands in your country to offer cashback on each."
Can anyone share specific details on these brands and offers?
Had to postpone the dentist to mid-November. Will let you know how it goes.The small print states you can't claim on water/electricity/gas, but can you claim back on your Sky/Virgin/Eir with this?
Their home page states; "Up to 50% Cashback on selected brands. We are partnering with leading brands in your country to offer cashback on each."
Can anyone share specific details on these brands and offers?
Hi Tom, did you successfully claim back on your dental bill?
Fees they can charge to merchants are capped EU-wide at 0.2 %. I think their business model is based on deals with businesses giving discounts to W1TTY customers in exchange for W1TTY getting a cut, but not sure if this is going to work.Prob. stupid question, but how do they make money after giving 3% away - is this still lower than the fees they get for using their card?
Prob. stupid question, but how do they make money after giving 3% away - is this still lower than the fees they get for using their card?
Yes, it's a "temporary" loss leader. They keep moving out the temporary end date. I'm assuming they've modelled a scale they want to reach before reducing or removing.I would guess that it is a promo to attract customers and will be reduced at a later date.
I guess most users will be clever enough to avoid those fees, e.g.by using Revolut for FX. That seems to be a challenge for fintechs: people motivated to open an account with one provider generally have several accounts with several providers and cherry pick from their offerings.balances + FX fees + top up fees +
App says they don't have any "partner brands" in Ireland, so I guess they won't be very attractive without cashback. Good to have as a fallback card though in case Revolut has an outage.3% cashback ends for good on 31 October 2023.
What a pitty. I wonder what if anything replaces it.
Cashback offer is over and has not been replaced. Don’t see any reason to continue using W1tty
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