Square to acquire Afterpay for $29B
squareup.com
Square to acquire Afterpay for $29B
1–10 of 360 posts
Re: Square to acquire Afterpay for $29B
#2Kinda amazed at how different the leadership is between Square and Twitter under Dorsey. You can tell which company he is spending most of his time with and which one is getting neglected.
Re: Square to acquire Afterpay for $29B
#3How does Afterpay make money if they do not charge interest?
Re: Square to acquire Afterpay for $29B
#4How does Afterpay make money if they do not charge interest?
Merchant fee (same as paid by a merchant when accepting a CC) which subsidizes the zero percent financing payment plan to the consumer.
Re: Square to acquire Afterpay for $29B
#5Kinda amazed at how different the leadership is between Square and Twitter under Dorsey. You can tell which company he is spending most of his time with and which one is getting neglected.
You can?
... Which is which? Because I genuinely can't.
Re: Square to acquire Afterpay for $29B
#6Re: Square to acquire Afterpay for $29B
#7Ok so Square has opted to engage in predatory practices. Noted.
Re: Square to acquire Afterpay for $29B
#8How does Afterpay make money if they do not charge interest?
Merchant Fees + Late payment fees on accounts is where most their money comes from.
Re: Square to acquire Afterpay for $29B
#9Ok so Square has opted to engage in predatory practices. Noted.
I'm completely out of the loop here but plan to integrate Stripe into a new product. Can you elaborate?
Re: Square to acquire Afterpay for $29B
#10How does Afterpay make money if they do not charge interest?
A very generous merchant fee 2-3x what is usually charged. > 4%