Launch!

Today is a big day for our team. Kweddy has hatched and Kwedit is here!

What is Kwedit? It’s a payment network that allows people who do not have a credit or debit card, or who prefer to pay with cash, to purchase digital content and virtual goods easily and safely.

Who do we serve? In addition to the 20+ million American teenagers who primarily use cash, another 30+ million American households lack a bank account and/or credit or debit card, or prefer not to use them for online purchases. These folks have had the desire and means to make online purchases, but have lacked a convenient and secure way to do so – until today.

Kwedit empowers these consumers with two services:

Kwedit Direct, which allows consumers to make payments at over 5,800 7-Eleven stores in the United States; by mailing cash in a free, postage-paid mailer; or by asking friends or relatives to pay on their behalf via the first-ever social payment network — Kwedit’s “Pass The Duck”. If they agree to do so, those friends or family members can use any of the “ways to pay” that Kwedit Direct provides… or they can Pass the Duck to someone else. They can even use a credit card.

Kwedit Promise, which allows consumers to obtain digital content and virtual goods now in exchange for Promises to pay for them later. To pay back their Promises, consumers can use any of the ways to pay provided by Kwedit Direct, including Pass the Duck. Beyond allowing consumers to Play Now. Pay Later.™, Kwedit Promise provides a safe, virtual environment in which consumers can learn about credit and develop financial literacy – with no real-world implications.

Here are demos of our services; please take a look, or read a more detailed description.

We believe Kwedit can have a huge and positive impact on publishers because our services allow a whole new group of users to purchase digital content and on-line goods: people who “would pay if they could pay but can’t pay so they don’t” … before Kwedit! We’re also excited that publishers who sign up today can accept payments nationwide tomorrow at thousands of 7-Eleven stores, via millions of mailboxes, or through tens of millions of friends and relatives.

If you check out the site or use our service, we’d love your feedback. We’re going to be growing and changing, and your participation will help make us better. Send us some suggestions and our kwacker-jack team of developers will get right on ‘em.

Quack On!

Danny Shader