Block, Inc.
Payment processor financing of customer purchases

Abstract:

A payment processing system receives, from merchant computing devices, transaction information of transactions performed between a plurality of merchants and customers. The merchant computing devices may each execute a merchant application that configures the merchant computing devices as point-of-sale (POS) terminals. The payment processing system receives, from a first POS terminal, a request to finance a purchase between a customer and a first merchant. The payment processing system determines financing terms for the purchase from the transaction information received from the merchant computing devices. The payment processing system sends the financing terms, including an approved financed amount and repayment terms for the approved financed amount, to the first POS terminal for presentation to the customer. In response to receiving an indication of acceptance by the customer of the financing terms, the payment processing system transfers the approved financed amount to an account of the first merchant.