- We are paid back by the company on payday so the credit risk is on the company not the consumer.
- Many (most?) of our users do not have access to consumer credit and would be classified as underbanked / unbanked. This is a great book for more background: https://www.amazon.com/Unbanking-America-Middle-Class-Surviv...
- We charge a fixed fee per transaction, no interest is accrued or carried.
- Philosophically, every day you work and are unpaid for it, you are selling your employer an interest-free bond of your labor whose term is payday.
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- We are paid back by the company on payday so the credit risk is on the company not the consumer.
- Many (most?) of our users do not have access to consumer credit and would be classified as underbanked / unbanked. This is a great book for more background: https://www.amazon.com/Unbanking-America-Middle-Class-Surviv...
- We charge a fixed fee per transaction, no interest is accrued or carried.
- Philosophically, every day you work and are unpaid for it, you are selling your employer an interest-free bond of your labor whose term is payday.