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83 Posts.
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26/02/18
13:52
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AFTERPAY MERCHANT REVENUE = 37.1M
NET TRANSACTION LOSS (Bad debt) = 6.6M
OTHER VARIABLE TRANSACTION COSTS = 9.2M
OTHER INCOME (Late fee) = 10.8M
Bad debt % = 6.6/37.1 = 17.79%
May I ask how do you get the 40% bad debt number?
Are you counting other variable transaction costs as bad debt as well?
I don't see bad debt as a problem for now as it is fully covered by late fee.
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