PayPal officially joins the race, page-525

Correct. Eftpos/cc are a different product to Afterpay, but the opportunity still remains. I agree, I don't see either of them (or PayPal) as a particularly big big threat, especially when Visa/MasterCard tried and failed.

Having said that, those other payment alternatives are available and the opportunity to do the research on the Afterpay platform and then switch at the checkout does remain. However, I don't understand why someone would do that... if it's an actual occurrence, here's hoping it's less than 1%