After downloading the Exa App, going through KYC, and adding funds, an all-in-one card is created.
You can access your card details from the card screen; this data is required to make online purchases or add your card to Google Wallet or Apple Wallet to start using it in-store.
From the pay mode screen, you can configure whether you want to use your Exa Card to pay in full directly when the purchase is made or split your payment into installments.
Please remember that what you define in this screen will apply to every purchase you make until you change this configuration.
If you have configured your Exa Card to "pay in full," the value of every purchase you make will be directly deducted from your stored assets (in the card section, you can define if the.
When you configure the pay mode to be in installments, every time you make a purchase, the Exa App borrows the amount needed from Exactly Protocol’s fixed-rate lending markets, converts it to USD, and sends it directly to the merchant.
The interest rate is fixed and determined at the time of the transaction.
You will have previously defined the number of installments, and you can even simulate the purchase there.