| Who funds the discount | Ambiguous — venues absorb it and chase reimbursements | Nobody — codes are created without a funding model | The issuer, always. Issuance is liability, capped server-side |
| Where a coupon works | Locked to one program at one business | Anywhere the string is pasted — including where it shouldn't | Exactly where its scope says: products for brand coupons, the home venue for venue coupons |
| Double-spend protection | Per-store databases that don't talk to each other | None — one code, infinite screenshots | One redemption arbiter — first server-accepted redemption wins, everywhere |
| Fraud & resale | Points fraud and account gaming | Codes leak, get scraped, get resold | Venue coupons are soulbound — resale is impossible by construction |
| Proof of redemption | Monthly reports you have to trust | A row in someone's analytics tool | An immutable record on FlicpLEDGER, our private enterprise chain |
| Life after issuance | Points sit in a silo until they expire | The code dies in an inbox | Digital coupons stay identifiable, rule-bound, and easy to check |
| Settlement for venues | Invoices, disputes, and waiting | Doesn't exist | Redemption records drive settlement — no invoice chasing |
| Developer surface | A CSV export if you're lucky | A REST endpoint and good luck | Typed SDK, sandbox, signed webhooks, idempotency, offline mode, real POS |
| Kill-switch control | Email support and wait | Deactivate the code, hope caches expire | Pause an agreement and validation stops instantly, at every venue |