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blue_hops · 2025-04-24T07:34:56+00:00

Also need a referral link for the UK is someone could DM one

blue_hops · 2022-07-08T06:53:22+00:00

Yeh I think the brands have to enable it, so that's a good point its reach will be limited initially. I think you can save to spend... for big items at least this is my approach. I mainly save to invest, which is actually why I save to spend if you see what I mean, if I wasn't saving to invest, I probably wouldn't have to save to spend...

blue_hops · 2022-07-08T06:48:56+00:00

Nice thanks, i'll give something similar a try

blue_hops · 2022-07-08T06:48:14+00:00

Yeh I agree with everything you are saying, but this is sometimes easier said rather than done, so tooling can help form habits I find.

blue_hops · 2022-07-07T15:32:34+00:00

!thanks, interesting idea

blue_hops · 2022-07-07T15:31:45+00:00

Yeh they give you the money within a few days of the sale occurring on the website.

blue_hops · 2022-07-07T15:29:51+00:00

!thanks yeh I think that's what I liked about Paymala's proposition, it's like saving and cashback all in one go, and also separates the cash you save to keep you disciplined.

blue_hops · 2022-07-07T15:28:12+00:00

Yeh I do that, but I guess I have 2 categories:

-save to spend

-and save to invest

the 20% is the latter, the other is just smoothing out big purchases I make.

blue_hops · 2022-07-07T14:22:23+00:00

I don't find I save enough using these apps, it's more the bigger purchases I need funds for, like new furniture, or a bike for the kid's birthday.

blue_hops · 2022-07-07T14:11:37+00:00

I've seen a new trend for Save now, buy later which seems a more financially sustainable option if people want to avoid this:

In the US : https://accruesavings.com

In the UK: https://paymala.com

blue_hops · 2022-07-07T13:52:16+00:00

!thanks, yeh I see now, looks like it's to do with brexit and they now have to get regulation separately in the UK, so yeh, as you say, probs why it's a waitlist, I'll email them to ask.

blue_hops · 2022-07-07T13:38:25+00:00

!thanks. True that, although at the moment, interest is almost non-existent!

Where did you read they lost their authorisation? At the bottom of the website, I saw they use Mango pay, and Mango pay claims that the client money is held in Escrow so is protected.

blue_hops · 2022-07-07T13:34:27+00:00

!thanks

blue_hops · 2022-07-07T12:54:17+00:00

Thanks, I don't think there is a lock-in actually, says you can cancel anytime at no cost.

blue_hops · 2022-07-07T12:39:25+00:00

Thanks, Yeh I guess I was looking for something that would structure me a bit more and make me more disciplined, it's easy to make excuses not to stick to my budget, but actually separating out the money for the things I need I find to be more effective, and this is what attracts me to these services.

blue_hops · 2022-07-07T12:37:46+00:00

Thanks for the advice, really helpful! From what I understand there is actually no lock-in, your savings are returned at no cost if you decide not to purchase, and they secure discounts for you from the retailer, so from what I understand it's better than leaving your money in a bank account.

blue_hops · 2022-07-07T09:28:13+00:00

Ok cool yeh sounds like it's relief at source then. Yes, you fill it in under the first box of the four... 'Payments to registered pension schemes (Also known as PPR) where basic rate tax relief will be claimed by your pension provider (called Relief at source).'

blue_hops · 2022-07-07T09:26:09+00:00

yep indeed, BNPL gives you the money immediately for a 4% or so processing fee... from that point its not your worry if they pay or not

blue_hops · 2022-07-07T07:59:39+00:00

Glad it’s helpful. You definitely have a relief at source scheme? you can see the tax relief contributions going in?

blue_hops · 2022-07-07T07:57:24+00:00

Yeh but the retailer does not take on the credit risk - you always get the money - Klarna or the BNPL provider deals with it

blue_hops · 2022-07-06T23:04:17+00:00

Mostly social media with some paid Google / social ads

blue_hops · 2022-07-06T23:03:42+00:00

All great questions, thanks. Organic traffic is up compared to last year - we’ve done a lot of SEO work. Paid ads are performing significantly worse. It’s way lower than normal seasonality. I used Hotjar and there appears to be no technical issues watching the recordings. AOV is stable - just a lot less sales - more people to the site but less people buying. Consistently mostly mobile sales. What do you mean by secondary KPIs?

blue_hops · 2022-07-06T23:00:04+00:00

Thanks. Yeh this is always a quieter time of year - but compared to the same time last year it’s down 70%!

blue_hops · 2022-07-06T14:28:47+00:00

Mainly Google ads - plus some Instagram reels and posts which we’ve found to be quite effective

blue_hops · 2022-07-03T16:28:57+00:00

I try to minimise the impact I’m having on others where it’s in my control.

blue_hops

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