1.5% for a 2 day loan is an APR of what? More than 270%. | Hacker News

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Animats 11 months ago | parent | context | favorite | on: Stripe increasing "instant payout" fees by 50%

1.5% for a 2 day loan is an APR of what? More than 270%.

naniwaduni 11 months ago [–]

When you're competing with payday loans, it makes sense to price the product similarly...

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