As the other comment says, they’re making their money back in fees. For every dollar they lose because of this, they’re making multiple in fees. It really shows you how bad these services are for you financially if they’re able to be profitable.
I’ve never used one of these services. Are they like a credit card in that they have interest/fees only if you don’t pay off your balance? Or are there upfront fees to using the service?
As the other comment says, they’re making their money back in fees. For every dollar they lose because of this, they’re making multiple in fees. It really shows you how bad these services are for you financially if they’re able to be profitable.
I’ve never used one of these services. Are they like a credit card in that they have interest/fees only if you don’t pay off your balance? Or are there upfront fees to using the service?
I haven’t used one either, but I’d be surprised if there weren’t usage charges, or something similar.