Carolina Cloud pays SOFR on unused prepaid credits

saas

Hacker News reports cloud services provider Carolina Cloud is paying SOFR — the Secured Overnight Financing Rate — on unused prepaid credits. This allows customers to earn interest on advance deposits they haven't yet spent on services.

Source: https://docs.carolinacloud.io/organizations/prepaid-interest/

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton