
Lara Hodgson, Co-Founder, President and CEO of Now | Episode 121
Leaders In Payments
00:00
Factoring
We pay the supplier immediately. They book that revenue is cash, and they have a one time three % merchant fee. We do not chase the customer to expect them to pay in any way faster or different than they normally would. Because now account is truly a merchant service, like the card system, it is off balance sheet for small business tha using it.
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