Zip catching Afterpay here we come!, page-73

yes quadpay, and a range of other bnpl can be used in more places. not disputing it!

question for you.

if a quadpay customer uses quad as you have mentioned youd like to see at a rate of 300 times a year

how much are they paying for this service?

lets say at a strike rate of it being used at intergrated merchants equal to usage of apt top 10% higher users of approx 50 times (this leaves 250 transactions pay $4 on each transaction. $1000 per year..... bloody hell.

(note . the strike rate will actually be much less as youve mentioned the integration even for apt is less than 0.1% of all available merchants)


let be generous and double the strike rate to 100 out of 300. still 200 purchases costing 4 dollars each.
800 per annum for the service.

equate this to a rate of cost per $100 of credit.

- if quad user has a $500 limit the cost of credit is $160 per $100 of credit annually. wow!

some people may even call that loan shark style.

lets be generous again and say if they have a limit of $2000 (not sure they even go that high) the cost of credit is $40 per $100 of credit annually.

comare this to an actuall visa credit card. personally i have 33k limit and cost $99 annually.
The cost of credit works out to only $0.30 per $100 of credit annually. (just using this as an example to show quads minimal max limits hurt their cost of credit rates)

but for comparison lets say my limit was $500 at a cost of $99, it still works out at only $19.80 per $100 of credit annually. lets be generous again and call it $20.


CC cost of credit vs quad at 500 limit $20 vs $160
quad is far too expensive imo ( 700% more expensive)

some might have a rebuttal saying it will be cheaper for those that dont use it at a high frequency,, but some how i dont think quad is aiming for low frequency customers.

you say zip is an innovator which is great as i believe they brought a company and they should already be looking at ways to innovate it. its unsustainable in its current form unless they are hoping for low volume customers. it was a great acquisition for zip to kickstart in the us. but the need to reduce how much they pull out of the customers wallet! otherwise the cost is too high making other forms of credit much more attractive! give this a year or 2 and when customers see how much they are wasting in total over a year. This will catch up on them and customer churn will be MASSIVE! (imo 2 years max to see the full effect)

so when you justify quad being used anywhere visa is accepted, why not just get an actual visa card? its soooo much cheaper!!

not to mention up to 55 days interest free not having to be paid back each fortnight gives a visa card more flexibility than quad

not to mention you can earn various rewards points,

not to mention you can get complementary travel insurance, free price protection on purchases and many other benifits.

some may ask why not use a cc over APT then?
ITS FREE, its a pure bnpl!
customers having more of their own money to spend rather than giving it to a creadit provider is the whole point of the pure bnpl disruptor industry.

these hybrid bnpl providers dont do enough to save the customer money. 61% of zips revenue comes from the customer (that equates to over 500% more than the average cost of service for zip vs APT per customer) and imo it will only increase once quad numbers are included.

if your taking this much $$$ out of the customers pockets they have less to spend at the store trying to attract the extra sales. it defeats the purpose. going backwards!

apt vs traditional cc leaves more money for the customer to spend, its a win for the customer,, its a win for merchants with increased sales, increased basket size.
its a win for apt taking a small fee for providing the service.

quad is a loss for customers paying so much out of their own pocket in fees, resulting in less funds to spend at merchants eventually meaning a loss for merchants, the only winner is quad. sounds like just another credit card to me.


im tired of talking about zip and quad, we are all bored of your rhetoric and ingenuine questioning. leave you rubbish over there at zip threads! or just get banned again.