You are correct but you're ignoring all my points from my previous posts that still apply regardless of how often you use it. (E.g. does it cover all the costs associated with the business, risk of cannibalization etc).
Also I'm just curious, if you use tap and go everywhere is there a chance you'd be using it instead of the merchant fee product? Are you then also more likely to shop at a shop where Z1P wouldn't receive a 4% fee? Pay anywhere suddenly removes an incentive to shop at certain stores, the stores that would be paying that margin.
This goes back to previous posts, we don't know yet (that includes you and I) in what ways this will impact Z1P. Revenue may come through other means like account fees, which is also likely why Afterpay doesn't offer this service as it doesn't collect fees. But let's get 1 thing very clear, the merchant fee is unequivocally the most lucrative part of BNPL.
Z1P Price at posting:
$6.20 Sentiment: Hold Disclosure: Held
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