Comments on: Prosper update http://www.bluntmoney.com/prosper-update/ Thu, 13 May 2010 17:59:11 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Matt http://www.bluntmoney.com/prosper-update/comment-page-1/#comment-32529 Matt Fri, 15 Feb 2008 15:28:27 +0000 http://www.bluntmoney.com/prosper-update/#comment-32529 Good to hear that you're getting paid and that is a good interest rate. Since you're testing it out its a good start (especially if the person defaults - its only $50). I think the minimums are simply there to keep Prospers transactions down. Each time a business makes some form of a transaction banks like to charge them for it so incurring a $0.50 fee for a $3.00 transaction is quite cost prohibitive. Good to hear that you’re getting paid and that is a good interest rate. Since you’re testing it out its a good start (especially if the person defaults – its only $50).

I think the minimums are simply there to keep Prospers transactions down. Each time a business makes some form of a transaction banks like to charge them for it so incurring a $0.50 fee for a $3.00 transaction is quite cost prohibitive.

]]>