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  5. PAY: How does Payfare make money ? [Payfare Inc. Class A Common Shares]

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Q: How does Payfare make money ?
Is it primarily by advancing cash to workers and taking a percentage, similar to money mart or other pay check advancing companies do ?
Why are you enthusiastic about the company? What are the downside risks.
Thank you and thanks for your ongoing great service
Asked by Peter on September 10, 2024
5i Research Answer:
PAY earns approximately 70-80% of total revenue from network interchange fees from payment...
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