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2 results for “payment processing” by Daniel Wu
...full payment thirty days after the sale, if it's a three month installment, the merchant will receive a third of the sale amount every thirty days. And if it's four installments, then a quarter. And for a twelve month installment, the merchant isn't
49:32 / 50:34
from transcript49:32 – 50:34
...payments upfront, which is why this business is also called prepayments. This ends up being a win win for all the parties involved. The merchant gets a discounted upfront cash inflow. The consumer gets to split large purchases into multiple interest
50:16 / 51:19
from transcript50:16 – 51:19
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