Margin compression may come in the future, but I also don't think this is relevant to the point because this would only be the case on the 4% margin. So the 4% (or lower in the future) vs the 0.7% transaction fee remains. Since Z1P isn't decreasing their 4% margins, the argument of "Z1P is simply getting in early" doesn't apply.
I agree with your other points though, much will continue to be bought online and Z1P is taking a customer loyalty long-term view.
Z1P Price at posting:
$6.20 Sentiment: Hold Disclosure: Held
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