Skip to main content
All CollectionsHow it Works
What is the regulatory status on all Bits' products?
What is the regulatory status on all Bits' products?
Luís Camilo avatar
Written by Luís Camilo
Updated over 8 months ago

At Bits, we offer a variety of financial products, each with its own regulatory status. Here’s a quick overview to help you understand how each product is governed:

  1. Bits Subscription

    • Regulatory Status: This product is not a regulated credit product. It is structured under exemptions in the Regulated Activities Order.

  2. Bits Store Card

    • Regulatory Status: Similar to the Bits Subscription, this is not a regulated credit product and operates under exemptions provided in the Regulated Activities

      Order.

  3. Score In-App

    • Regulatory Status: This is a regulated product, utilising our permissions for credit information services to provide you with real-time credit scoring.

  4. Bits Turbo

    • Regulatory Status: This is a regulated credit product, operating under our retail lending permissions. It is designed to offer enhanced credit building opportunities.

  5. Bits Credit Card

    • Regulatory Status: This product is not regulated as a credit product, structured under specific exemptions in the Regulated Activities Order.

  6. Marketplace

    • Regulatory Status: This platform is a regulated product, using our credit broking permissions to connect you with various financial offers and services.

Understanding the regulatory framework of our products can help you make more informed decisions about the services you choose to use. If you have any questions or need further clarification on the regulatory status of any Bits product, please do not hesitate to reach out to our support team.

Did this answer your question?