Not sure if we gave ebay watches a fee concession for escrow services but rough guess calc that they sell 2 million watches a year and if escrow is mandatory the watch has to be over $10k, and i'm guessing maybe 10 - 20% of the 2m volume is over $10k. And if we apply say a 1% (slightly lower than yield from FY19 $7.56m revenue from payments services on $606m in funds transacted) fee for each transaction. I'm getting a rough annual revenue number of $20m - $40m. If this is roughly how it lands just purely from ebay watches, I haven't even taken into consideration ebay motors yet, then that's at least 3x the payments revenue from last year! This is a very strong partnership indeed.
DYOR
FLN Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
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