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comment by cgod
cgod  ·  3390 days ago  ·  link  ·    ·  parent  ·  post: Amazon starts offering loans to customers with pay monthly option

Square offers loans to people who use their processing service. How much you can borrow is a function of what process with them. They deduct a portion of your card receipts until it's paid off. Seems like a pretty slick side business.





user-inactivated  ·  3390 days ago  ·  link  ·  

If you ask me, it seems like a smart move. They're offering captive customers an additional service. The customers that find value in it will take advantage of it and Square has another way to increase profits. It's a win/win.

cgod  ·  3389 days ago  ·  link  ·  

Not only that, square doesn't have to do a credit check. They know how much you bring in and get first wack at the money.