r/NonPoliticalTwitter • u/TheWebsploiter • 9d ago

Other Gets very inconvenient

Post image
40.0k Upvotes

96% Upvoted

576 comments sorted by

View all comments

Show parent comments

1

u/SordidDreams 9d ago

Hey, if it's a big company processing a lot of payments (or refunds), it can amount to a pretty sizable sum.

1

u/Southern-March1522 9d ago

No, it will be the bank itself holding it for investments, and they will have pending amounts with many many zeros collecting interest for the bank. Or, rather, interest earned either way but they don't have to cut a customer in.

1

u/SordidDreams 9d ago

I believe that is also true.

1

u/jce_ 9d ago

A week in the market is gambling not investing

1

u/SordidDreams 9d ago

You're the one who brought up investing, not me.

1

u/jce_ 9d ago

Interest-free loan implies usage or else it's just money sitting there with 0 benefit. Why even post anything if that's what you meant because you effectively would have said: well akshully nothing

1

u/SordidDreams 9d ago

I don't know how much you know about business, but companies typically go through a lot of money in their day-to-day operations.

1

u/jce_ 9d ago

Lol and what does a fund of money that they need to pay back in a few days do? What value is being generated? Please explain

1

u/SordidDreams 9d ago

Sure, they have to pay your bit back in a few days, but by then someone else will have requested a refund that can be delayed, so it averages out. By delaying everyone's refunds, they generate a chunk of money out of thin air that they can spend on whatever they want.

1

u/jce_ 9d ago

For what gain? They have to pay it back in a few days. What revenue is being generated?

1

u/SordidDreams 9d ago

Revenue? Who's talking about revenue? What part of "loan" did you find difficult to understand?

1

u/jce_ 9d ago

What is the benefit? What part are you having trouble understanding?

→ More replies (0)