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19:18
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Originally posted by brentman:
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where can I find information regarding up front payment? The crux of the SPT model is that they bear no risk and there is no chance the card issuer is providing the merchant with funds up front when the customer is paying the bank off over a period of years with no interest applied. If this is the case, SPT would be the ones taking on the risk - flying in the face of their model. Please provide some more information on this.
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Any upfronted in full payments to merchants are provided by a couple of private type lenders, and they the lender are in essence providing cashflow finance to the end merchant over their receivables, this is my understanding
