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jppopeyesterday at 12:24 AM2 repliesview on HN

thats interesting. I was always wondering what the hustle was, guess that was it- it was outside of the credit system


Replies

loegyesterday at 12:45 AM

The hustle is mostly just getting merchants to eat bigger discounts in hope of selling more volume. Instead of eating ~3% interchange on a credit card, merchants eat ~6% subsidizing short-term BNPL loans.

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NewJazzyesterday at 12:31 AM

It already shows up when mortgage lenders do their checks, AIUI.

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