Hi, I want through their presentations, but struggled to get details regarding their new financial product.
I have 2 questions to assess the earning potential and risk of this new product : - do you understand who will be charged with their new product ? and what will be the commission taken by Quickfee ? - do you understand why they claim that it is a low risk product ?
My understanding so far : - they will charge the professional service company (not the final customer). But I have no idea of what amount they could charge (I guess BNPL can give us some idea about that), - I think that Quickfee will bear the credit risk, but they think it will be small as 1/4 of the amount will be immediately charged to the final customer and the remaining 3 instalments should be covered by a credit card pre-authorization.
Interested by your views about this.
QFE Price at posting:
64.0¢ Sentiment: Buy Disclosure: Not Held
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