How does Simpl work
Let’s take the month of October as an example.
Your spending limit is determined based on your purchase history, how regularly you repay, and a few other factors.
Depending on the user history, period of delay, and the amount involved, a user may face a penalties or other consequences.
Simpl bills you twice a month – from the 1st to the 15th & from the 16th to the last day of the month.
By reducing the number of times you have to give your banking info online, we dramatically lower the chances of fraud.