Alright, I understand! The difference between providing credit card information to the merchant is as follows:

Credit Card: When a merchant has your credit card information, they essentially have carte blanche. They can initiate payments and so forth.

Pay by Bank: The merchant has no information about your bank. They can only send payment requests through LeetPay. We then initiate the payment when you authenticate with your bank and accept the merchant’s request. There’s no carte blanche here!

To be more direct, I am willing to give out my cc number because that isn’t my money. Not immediately. I rarely would give access to my bank account, security protections notwithstanding, because then money isn’t buffered by credit card anti fraud and customer friendly policies.

What I’m saying is as a customer, I perceive receiving a great deal of value by having it on a credit account that I pay later and not a debit account that I pay immediately.

ok. We don’t support this options rn. I understand that end users might prefer to have different funding options. But for now it’s either your checking or savings.

That's the crux of my feedback - you need to find a way for customers to perceive this as the superior option to credit cards. There are some hard facts and you will be fighting uphill against reward points + all the PR that credit card companies have created over the past 50+ years - chargeback ability, increased warranties, arbiter of charges.

Because the customer sees only the benefits of a credit card and the (perceived) increased risk of doing it through their checking account. You will need end customers to want to use their banking info in order to be successful.

I am actively considering your suggestions. Initially, it might be challenging to go beyond cards in terms of benefits, as you mentioned. Innovation will be crucial in addressing this, as it was also a point raised by the majority of the people I spoke with.