Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why is interest charged immediately on Funds Advances but not on purchases?

advances charged funds immediately purchases
0
Posted

Why is interest charged immediately on Funds Advances but not on purchases?

0 CommentsAdd a Comment

1 Answer

0

Funds Advances, unlike purchases, are similar to other loans and the interest begins to accrue as soon as the funds are advanced.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123