Snap is going Crazy and needs to train employees - Page 2
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  1. #26
    Senior Member Reputation points: 24139
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    [QUOTE=Christian;98822]
    Quote Originally Posted by Lmonus View Post

    So you believe that it is correct to train someone conducting a pre-funding call to give out an APR for a product that does not have an APR? Maybe train them to also refer to the advance as a "loan" just to make the merchant comfortable too?
    No reason they can’t give projected APR id qualified that it assumes payments are made on schedule. TBB has proven u can do this. Smartbox offers this ability.

    Folks can call it not a loan all they want, but that doesn’t mean you can’t compare the projected cost. Plus, how many times are stackers actively doing true ups on cash advances?
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  2. #27
    Senior Member Reputation points: 24139
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    Quote Originally Posted by ryan $ View Post
    Breakout Offers Loans.

    If it's APR, the Math on a Daily Payment would kind of suck. Im not doing it. Have Fun.

    Its always "Approximate"

    And by CANT i meant shouldn't.
    Flat Cost for Money. No APR.
    Our calculator allows for folks to calculate cost on daily, weekly, and monthly basis for loans and EFFECTIVE apr for cash advance
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

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