Hacker News new | ask | show | jobs
by shawabawa3 405 days ago
Pretty good description tbh

Their business model is an online payment provider (like e.g. PayPal/apple pay) that splits the payment into 3, 6 or 12 monthly payments, usually at 0% interest

The idea being that for the business the loss in revenue from an interest free loan is worth it if it causes an increase in sales

1 comments

But isn't it supposed to be more like "financing franchise"?