It offers nothing that a credit card does not to any financially stable consumer.
Buy on Credit card on 1st day of cycle pay nothing up front and get eight weeks interest free.
Buy on Credit card on 15 th day of cycle pay nothing up front and get six weeks interest free.
Buy on Credit card on last day of cycle pay nothing up front and get four weeks interest free.
Buy on BNPL pay 25 percent up front and get an average of four weeks credit interest free ( Reducing balance)
Its bulk appeal is to people who want to spend money they don't have and not good candidates for higher margin products hence why bad debts write offs and provisions are up to 30 percent of income received after interchange fees.
Thats with the tailwinds of massive government stimulus just watch the next few quarters for an explosion. In bad debts
Daily Price Movement / General Discussion, page-26365
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Last
$1.61 |
Change
0.030(1.90%) |
Mkt cap ! $1.808B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.63 | $1.57 | $24.95M | 15.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61455 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 118285 | 9 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |