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Brex is a charge card; they're not really making loans, just letting businesses wire up their bank account balances to credit card acceptance infrastructure (wh
by closeparen 8y ago
Brex is a charge card; they're not really making loans, just letting businesses wire up their bank account balances to credit card acceptance infrastructure (which is much widely adopted than debit card infrastructure). Like any other player in the payment card business, they get a cut of the transaction fee charged to merchants.
- skinnymuch 8y agoDon’t they still take the risk for one month? Startups aren’t all stable. Some might get into problems during that month and not be able to pay, no? Or is this just a debit card?