CATCHTRIPS is a flight booking platform that allows you to purchase a flight ticket at fraction of the total cost, and pay the remaining balance in installments before departure. Currently, CATCHTRIPS is available only for a limited number of users. If you run into any issues using the platform, please send us an email at help@catchtrips.com.
Is this targeted at the under-credited, and if so, are you servicing this segment with higher interest rates than credit cards, given the risk profile that prohibits them from having credit cards in the first place? Or is the target market people who could have credit cards but choose not to? Iām just wrapping my head around where the market gap and profit margin is.
@bryonshannon Thanks for the inquiry. The service is for users who don't want to or can't afford to make an entire payment at once. It gives them the option to reserve at a fraction of the total cost, and make installment payments -- which should be completed before their departure date. The service fee is comparable to fair market rates, and should be lower in many situations.
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