> Holders of bonds would be absolutely wrecked. That's a lot of institutions and wealthy individuals.
Not only institutions, but those who are in power (government) who have risk-tolerant positions in the market with nothing to gain but their own discomfort and retirement.
Just to add, PayPal is also most likely a credit card processor, serving as a Payment Facilitator (PayFac), which enables others to become CC Processors. It happens that PayPal and Stripe are money transmitters, which may come with being a PayFac.
Auth.net is a gateway/portal that facilitates CC transactions, and while you may be refunded on processing fees for the use of the gateway, someone, somewhere is likely eating the interchange and most likely occurring at the merchant level.
CC Processors like Visa and Mastercard do refund fees on CC processing, but the interchange or % of return is smaller than the actual gross. You don't necessarily get "all" of your refund, if you're a merchant.
I'm a former biz analyst turned boot camp developer. After a couple of years slogging through, I started applying for jobs these past few months, with little to no traction, and as such have been feeling burnt out because I don't know the fundamentals, have little to no support at work, and felt like I had no future professionally.
So this encourages me to keep on learning, building, and hacking as best I can until I can get to an environment that helps me succeed through mentorship, product vision, and a capable leadership team.
Your [0] resonates with me. Coming out of a bootcamp, I've been in the industry for 2 years. My feeling is that I'm supposed to be farther along but still feel like I don't know anything. Oh and I can't do interviews either.
I'm guessing it's because they are trying to maximize a 12 month window. In lending, the longer the money is out there, the less money you make on it. At 25K, even though they could qualify for more, Stripes assumption is that they are going to pay it back relatively quickly and be able to lend more after that period.