@mjmcclain These are not equivalent methods of payment. One is a revolving line of credit and subject to the terms and conditions of their issuers. You are given a line of credit that you can pay off and continually charge. True installment loans are fixed at the time they go into effect, and run on an amortized payment schedule.

@sridhar_kondoji it seems like they are operating similar to how PayPal's financing works – buyer pays in installments, seller receives total amount up front. If that's indeed the case, this is a great app!

@raptblue if that's the model, then that is great, but ads a lot of business risk. You don't know the credit worthiness of buyers. Even if u do, it ads a friction to the whole process and can slow down the business.

@sridhar_kondoji @raptblue Hey Troy and Sri, this product is neither of those according to their website. From what I understand, this is the perfect app to convince my friends or strangers to finance some purchase at 0% with terms that I may or may not follow depending on how much money I have left on my debit card. But hey, at least you always win as the buyer. About INSTO INSTO is the world's first person-to-person payment platform that allows buyers and sellers to schedule payments over time. Buy or sell anything, and schedule recurring payments for things like services or rent. Instant and Flexible Customize scheduled payment plans instantly and on the go, from the INSTO app or website. Automatic Once the Buyer and Seller agree on the payment terms, INSTO will automatically process each scheduled payment and notify the parties as it does so.