Quote Originally Posted by MCAVeteran View Post
It is an amazing milestone. Last year they reported $800m in funding and approx 550m of that was renewals. The repeat business in this industry is enormous and represents a large percentage of the reported annual fundings for all funders. It's also a indicator of a funders ability to retain merchants with good terms on renewals as well.
Easy to retain when you steal them for yourself and don't have to pay out a commission