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Thread: Rewards Network / iDine California Class Action thread
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Old May 12, 2006 | 12:01 pm
  #4  
gardener
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Join Date: Sep 2001
Location: Philadelphia, PA, USA
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I think iDine advances the restaurant, say, $10 grand. Then they have to provide $20 grand in dining credits when the customers dine(us).

If they do $20K of iDine biz in 6 months, it would be 200% annual interest, roughly speaking. Two years, 50% APR. One of the reasons a restaurant is not listed in every program imho, to adjust the recovery rate.
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