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A comment on Square’s IPO Terms Put Valuation Below Latest Funding Round. Parent comment

Re:Square’s IPO Terms Put Valuation Below Latest Funding Round by x0x0 on Saturday November 07, 2015 @12:29AM (#10523864)
Um, sure -- but they get bulk deposited, not individual transactions. The merchant account is what sees the individual transactions, and that bank generally isn't the one businesses go to for loans afaik.
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Re:Square’s IPO Terms Put Valuation Below Latest Funding Round by TheSpiceIsLife on Saturday November 07, 2015 @12:48AM (#10523901)
Oh yeah, true. Excuse my ignorance. Although in Australia the merchant banks also do business lending.
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