[Karen37a]

The bigger issue is Fintech and AI teaming up together and bypassing the industry and selling merchants on low to no fee type of deals. There's still a lot of business to go around but not what is was say 4 years ago

I agree.

But I also know that when people venture into a "market" that they are not familiar with they tend to price too low, they don't factor in loss ratios and total business expenses...including future potential litigation, collections etc.

They usually come and go

Unsecured funding vs secured Prime, subprime ..sub subprime. It takes a bit for people to realize( and quantify) the pricing differences and why.

There is a reason the Banks do not lend to small /mid size business and self employed, huge failure rates ( business closings with or without a cash advance or financing) and the inability to raise the rates high enough because of usury laws

Have a Great weekend