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As I understand it, the debits come from an existing stripe balance attached to a bank account. You can’t take on a negative balance so there’s no interest rate
by dustyburwell 8y ago
As I understand it, the debits come from an existing stripe balance attached to a bank account. You can’t take on a negative balance so there’s no interest rate or bill to pay (outside of the fees and whatnot associated with using the API, top ups, etc)
- kiostech 8y agoI see the man. So technically, it is a debit card instead of a credit card. Anyway, thanks for your reply.
- dustyburwell 8y agoFrom the perspective of the business issuing the cards, basically. But, from the perspective of the customers of _that_ business, it depends on how they set up the rules.
- kiostech 8y agoHaha, that mean I can lending loan to somebody now without any government regulation lol....