Image via WikipediaKwedit works like this, a user goes to an online service and clicks to pay for something using kwedit, when they do that they are prompted to make a promise to pay that service money in-exchange for the products.
Users don't pay right then they can wait to pay it off, there is no interest that builds or anything. However to get users to pay and pay it off quickly they have a system in place, there are rewards you get for paying off your debt. One reward is your kwedit score goes up(similar to the credit score) this allows you to use kwedit on more sites and more services trust you to pay off the debts.
There are several payment methods "
One odd thing though I've thought of with this new payment system, is Kwedit kawds, this could put so many people in debt basically, it's basically a no interest credit card that you get rewards on!
Will this site get abused? YES!!
Is this site unique? YES!!
Will I use it to buy things? YES!!