Block, Inc.
Inventory management with capital advance
Last updated:
Abstract:
In some examples, a service provider may manage inventories of items by offering money advances to make inventory orders on behalf of a merchant. The service provider may determine a risk associated with advancing money to the merchant based on sales of items made by the merchant. The service provider may provide a money advance to the merchant when the risk associated with advancing money is within a threshold level. The money advance may be used to order inventory from a supplier. This may assist the merchant in managing inventory.
Status:
Grant
Type:
Utility
Filling date:
23 Oct 2014
Issue date:
18 Feb 2020