APT 0.00% $66.47 afterpay limited

Afterpay Valuation, page-6428

  1. 4,012 Posts.
    lightbulb Created with Sketch. 606
    This has been discussed many times. yes APT reject ~30% of all attempted transactions for customers signed up, and that increases to approx 50% for first time customers.

    pigs, mado have constantly said APT sign up any bum and allow them to spend $. This simply is not true.

    APT use

    "proprietary real-time Repayment Capability Check"

    details of the measures are unavailable but im sure mado/pigs would promote that the check is a flip of a coin rubbish.

    ive added a couple of screenshots where 30%/50% rejection rates are mentioned..

    one is from apt own report,
    one is from submission to the senate economic references committee
    https://hotcopper.com.au/data/attachments/3414/3414104-0e3afae7f0a8ba02919e4b1820ac7b6d.jpg
    https://hotcopper.com.au/data/attachments/3414/3414107-d42501e012a96c4c8638d7aeab776fb4.jpg
 
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