Payment treasures are the means of payment that are common to us in our daily lives, in which the services of the reserve are often curious. So the question is, is it a loan or not? Let's see the details。

Is that a loan

Rather, the payment of the reserve can be considered a loan. Users using the reserve would have a negative impact on credit ratings if they were overdue, which is the same business logic as flowers and loans. The reserve has the characteristics of a loan, such as borrowing and repayment, but there are some differences between it and the traditional bank's personal consumption credit. The reserve is not required to be requested in advance and is given in real time to facilitate user-friendly emergency response. But if there is a breach, it may be difficult in the future to qualify again, so we need to regulate its use。

With regard to the repayment period for the payment of the reserve, the difference between the flower and the loan is in the amount and duration. As a short-term contingency loan, the level of the reserve is up to $500 and the maximum duration of use is seven days, and it should be noted that it does not accept instalments. This means that the full amount of the loan is due after the seven-day maturity and that there is no grace period. In order to avoid undermining personal credit, it was important to make timely repayments。

In sum, the payment of the reserve is a special form of loan that provides easy and short-term financial support to users, but at the same time needs to be regulated and repaid on time。