[drjgrahamdc]

You are looking at the 14.99% rate as a factor and not simple interest. There is a calc of our website that you can use that will show you a complete breakdown of the costs at www.ioucentral.com. The merchant can reduce their cost if they pay off early, and there is no "double dipping" the merchant on renewals. PM me is you would like to setup a call to go over the benefits of being a partner with IOU.

Can you tell me what you mean by no double dipping on renewals?

Thanks,
James