Is Square Capital a kind of 'payday' loan?

Of course, any promise of easy money raises suspicions, and in some ways, Square Capital feels like it veers close to payday-lending territory. In part, the money from Square Capital is easier to come by than a traditional loan because it's not a loan at all. read more

Payday Loans. Payday loans are short-term, high-interest loans designed to bridge the gap from one paycheck to the next, used predominantly by repeat borrowers living paycheck to paycheck. The government strongly discourages consumers from taking out payday loans because of their high costs and interest rates. Learn more about payday loans. read more