11–20 of 360 posts
Between them and Stripe, it's nice to have something in payments to admire and be excited about.
I remember a time when we had to deal directly with Authorize.net, wow that was a mess!
How does Afterpay make money if they do not charge interest?
They're your standard loan shark predator disguised with flashy marketing and bankrolled by VCs.
Ok 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?
Meaning this isn’t really any sort of free market, if you are so large you can absorb or destroy smaller entities ensuring that you will always be the leader in your market. And because governments have no teeth when it comes to monopolies or anti-competition this skates by world wide.
That was my read, could be wrong.
Ok 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?
"The Australian Securities and Investments Commission found one in five buy now, pay later users is missing payments, half of users aged between 18 to 29 cut back on essential items to make repayments, and more than 1.1 million transactions in 2019 incurred multiple missed payment fees.
It also warned 15 per cent of users, and half under 29, had taken out an additional loan to pay for the services, while 55 per cent of consumers paying late had used at least two different buy now, pay later providers in the past six months."
https://www.afr.com/companies/financial-services/one-in-five...
How does Afterpay make money if they do not charge interest?
~25% of their revenue comes from late fees to consumers. 75% from merchants. They're your standard loan shark predator disguised with flashy marketing and bankrolled by VCs.
- their late fees are capped - there is zero interest charge - they have a policy of never taking legal action to pursue payment - non-payments don't affect your credit rating
On what is your argument based? There is literally nothing in common.