News for hackers. Stuff that matters.

A comment on Stripe Capital. Parent comment

Re:Stripe Capital by softawre on Friday September 06, 2019 @10:41AM (#20896049)
Cool experiment.

I don't agree with how you say that 10% is the Quoted Interest Rate, because Stripe isn't doing that. They are saying they have a fixed fee. "Interest rate" means it compounds.

[ Parent | on HN ]
Re:Stripe Capital by davidpolberger on Friday September 06, 2019 @01:22PM (#20897614)
If the HN hive mind can agree on better terminology, I'd be happy to update the calculator.
[ Parent | on HN ]
Re:Stripe Capital by dbkahn on Monday September 09, 2019 @04:40PM (#20922241)
I would say something like "Loan fee as a percent of amount lent" or (if you wanted to keep it consistent) "Fixed fee as a percent of Principal"
[ Parent | on HN ]