Jack Dorsey’s business launches a pilot for providing what exactly are basically loans that are unregulated.
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Square’s search for brand new income channels is pressing it toward a controversial industry: Merchant cash advances.
The monetary item, which runs not in the legislation of loans, is generally a final resort for funding for business people who either have bad credit, can’t get a financial loan, or can’t have a financial loan fast enough. Continue reading With Square Capital, Square Starts Providing Controversial Merchant Payday Loans