No, Wavecrest has a stored value account which their payors must top up ahead of time in order to be able to fund payments. This is identical to Paypal, or any

No, Wavecrest has a stored value account which their payors must top up ahead of time in order to be able to fund payments. This is identical to Paypal, or any other payment rail in the industry. Payment companies don't in general make loans to their customers (though anything is negotiable in principle). Source: have integrated with Wavecrest.