A listing on TranzactCard’s web site suggests its Z-Retailer is stocked with Walmart merchandise.
Versus an precise ecommerce competitor (Amazon, eBay and so on.), this is able to make TranzactCard nothing greater than a Walmart affiliate.
The TranzactCard web site listing in query will be discovered at “tranzactcard.com/account/uploads/imports”:
What you’re are a bunch of CSV databases, populated with product info, particulars and pricing from Walmart.
I doubt these recordsdata are at present energetic, with TranzactCard extra prone to be utilizing Walmart’s API system:
To be clear, there’s completely nothing fallacious with being a Walmart affiliate or utilizing their API system – anybody can join free.
From a due-diligence perspective this isn’t how TranzactCard pitched Z-Membership. That TranzactCard is only a Walmart affiliate is info that has been hidden from shoppers.
Z-Membership did launch throughout TranzactCard’s November Twelfth-14th launch. The web site was shortly pulled down nonetheless.
In a subsequent TranzactCard company replace, unspecified “technical delays” was the supplied motive.
Personally what I’m nonetheless unclear on is how TranzactCard goes to fund Z-Bucks.
Each time you spend $1 utilizing your TranzactCard, earn an identical Z-Buck.
Z-Bucks will be spent in Z-Membership making every part – from on a regular basis objects to trip packages – extra inexpensive.
Walmart definitely isn’t going to eat the loss, and transaction charges alone are nowhere sufficient to funds Z-Bucks. The one different identified income stream TranzactCard has is buyer and member charges.
I think if Z-Membership’s web site was left on-line and purchases had been being processed, TranzactCard membership charge income could be depleted fairly quick. Because of this the location was pulled.
Sadly Z-Buck funding stays unclear, as a result of TranzactCard fails to reveal this info to shoppers. I’ve beforehand written about TranzactCard’s disclosure failures being potential violations of the FTC Act.