libertas primordium on Nostr: They don't charge the consumer interest so I'm assuming they're paying the retailer a ...

They don't charge the consumer interest so I'm assuming they're paying the retailer a slight discount and pocketing the difference, but then they carry 3-4 months of default risk. Doesn't sound like a safe business model. Reminds me of how vol selling strategies build up in the stock market where all these firms are picking up nickels in front of a steam roller and it works until it blows up in everyone's face about once a decade.