Ann: November Business Update, page-100

Just to add.... so assuming the convenience fee is equal to the equivalent transaction cost incurred by Sezzle, you might argue that the cost could actually net off to nil - although to clarify it would only be the payment processing costs which are within transaction expense. See below for breakdown showing USD$25m to 30 Sept 2022 and $7.6m for the Sept qtr itself. If the convenience fee exceeds the related payment processing cost then that will be additional profit for Sezzle.