Payment
Payloan

Payloan Business Model & Fee

5min

Business Model



The



makes it easier for

borrower to apply for a loan from

lender by using

borrower's identity. The lending

on

is more transparent and faster than {

} credit

at

. Both individual or

borrowers can apply for a loan to



as needed.



Fee to Use Payloan Service



Customer's Side

Customers aren't charged when registering for




. Customers will get

limit according to



's assessment/approval and start to charge after using

to make

payments. The funds are in

form of interest expenses that must be paid when paid off

loan. Besides,

Customers may be fined if they are late paying off

loan.

Merchant's Side

Merchants will be charged

 MDR Payloan (%) + Fix Rate (publish rate).



 visit

Product & Service Fee

for further

.



See also





Payloan Transaction Settlement

to find out various ways to complete

transactions.





Payloan Rule and Limitation

to find out

specific provision of


.





Payloan Glossary

to find out

particular term used on

.





Payloan FAQ

if you want to find out frequently asked questions related to

.