Kwedit is a new, innovative way to purchase digital content and virtual goods safely, easily, and quickly without a credit or debit card.

Kwedit is not credit. We are not a lender, we don't charge interest and we are not a financial institution. Our service is for people who don't have a credit or debit card or who prefer to pay with cash for budgeting, privacy or security reasons.

Kwedit Promise is not for children. It is a service for adults and teens, 13 and older.

Kwedit provides two services: Kwedit Direct and Kwedit Promise.

Kwedit Direct allows you to make payments at a local store such as a 7-Eleven, by mailing cash, or by asking a friend or relative to pay on your behalf using a convenient service called Pass the Duck -- the world’s first social payment network. Friends and relatives who agree to pay on your behalf via Pass the Duck can use any of the methods provided by Kwedit Direct, or they can pay with a credit or debit card.

Kwedit Promise is an amazing new way to get goods now in exchange for Promises to pay for them later. When you’re ready to pay back your Promises, you can use any of the methods provided by Kwedit Direct.

Kwedit lets you enjoy your favorite online games and activities while taking charge of your money and paying with cash, or by asking someone else to pay on your behalf.

Kwedit was created specifically for people who do not have a credit or debit card, or who prefer the privacy, security, and budget management that cash payments provide.

Kwedit never charges interest or additional fees.

It’s simple, it’s secure, and there are no fees.

There are two ways to use Kwedit.

Kwedit Direct allows you to buy digital content and virtual goods and pay for them by:

• visiting a local store (such as a 7-Eleven) that accepts Kwedit payments
• smailing the cash in a pre-paid Kwedit envelope/mailer that’s printed right off the web
• using Pass the Duck™ -- the world’s first social payment network – to ask family members or friends to pay on your behalf.

Kwedit Promise allows you to purchase virtual goods by making a Promise to pay for them later, typically within 7 to 14 days. This unique capability allows you to continue playing without interruption. The amount you can Promise in the future will increase as you pay off your previous Promises and build up your Kwedit Score, our virtual version of a FICO credit score – the real-world metric that companies use to decide how much you can borrow to buy real things like cars and houses!

Your Kwedit Score applies only to Kwedit Promise. It doesn't affect your FICO credit score in any way.

With Kwedit Promise, the amount of “Kwedit” that a game publisher will let you use is based on your Kwedit Score. Similar to a FICO score, a Kwedit Score will rise over time as you responsibly make Kwedit Promises and then pay them off on a consistent and timely basis.

Initially, you will be able to make a Promise for a small amount of Kwedit.. up to your Kwedit Limit. But, as you prove that you can be trusted to pay off Promises, your Kwedit Score will rise and publishers may increase your Kwedit limit.

The best way for you to increase your Kwedit Score is to pay off your Promises in full within the time allotted. Partial or late payments will lower your Kwedit Score and you may no longer be eligible to use Kwedit.

A Kwedit Score is not like a real-life FICO Score that can hurt your chances of getting a credit card or car loan in the future. But, consider Kwedit a safe environment in which you can build the proper discipline, organizational, and commitment skills you will need to take care of your finances and credit in the future.

By using Kwedit Promise, you learn the credit management skills required in the real world to make major purchases like a car or a home.

Here are some ways using Kwedit can help you build money skills and discipline that will help you for the rest of your life:

• Make a weekly or monthly budget and determine how much Kwedit/money you plan to spend on-line and stick to it
• When you use Kwedit Promise, make sure that you pay back your Promises on time
• Pay attention to your Kwedit Score and use it to help you monitor how well you are managing, borrowing, and paying back your Promises
• Talk to your parents about Kwedit Promise….and credit in the real world
• Check out the Kwedit Kontract for Parents & Teens for some other helpful money tips.

Learning money skills will give you confidence and increased independence! Enjoy using Kwedit and have fun playing!

Pass the Duck is a way for Kwedit users to ask a friend or family member to pay for a Kwedit Promise on their behalf. If you received a Pass the Duck request, it's easy to respond by signing into Kwedit (there's no obligation on your part) and indicating what action you'd like to take. You can accept the request and pay on the requestor's behalf, you can decline the request and either notify them or just say no, or, you can skip it. When you Pass the Duck, it's a great opportunity to start a conversation about financial literacy and the responsible use of credit, using the resources at www.kwedit.com/parents