Target $9.82, page-33

andre Look at the last FY and they have broken down their zip and zip business.
Cannot even compare the transparency of Afterpay to zip, zip is a quantum step ahead of Afterpay with disclosure. Afterpay is very focused on ensuring they don't paint any negatives of themselves and when it happens like the flatline growth in the US they call it a blip. Or their failure to disclose the true cost of the last 10 percent of purchase of clearpay in the UK.

Just go back to your apt threads Andre, you're not adding any value to the threads here. Maybe ask Aftwrpay management what they are doing with their pay in 4 model that's resulting in 4.48 percent revenue and now lower. If they are meant to be the leader then their revenue margins should be exceeding 7 percent and they aren't.

We saw.what happened when zip offered their cash back promotion they went to number one in ANZ in the app store. This is what Afterpay have done by Zip is much more calculated and prudent ensuring they can still maintain robust returns.
Zip will only need to generate about 60-70 percent of GMV or TTV compared to Aftwrpays as it has a superior revenue generating model.

The question is how will Afterpay be able to tweak their model.to increase revenue return? That's the real question. As batfink has pointed out there are over 40 bnpl companies now and this is all.competition for both consumer and merchants. And this puts downward pressure on merchant fees. I cannot see Afterpay being able to increase merchant fees at any time in the future. I can only see them decreasing. If a merchant sells more they pay more Afterpay fees and want a volume discount. With competition mounting merchants will want reductions in merchant fees. Afterpay charging the most will be the comparison for merchants. They will say look Afterpay you've been great but I can get 1-2 percent lower with quadpay or Paypal, so either drop your rates or we move. The integration part is so easy there is no moat of protection for Afterpay. When you start thinking about a merchant that might be doing 20 million or more a year on Afterpay getting a 1-2 percent drop in merchant fees all adds up. It could add 10 percent to the profitability of that merchant.

The regulatory fees. Afterpay has the highest late fees in the industry and offer zero flexibility if you don't pay on time. That's coming down the pipe. Zip has an account keeping fee so will.not be in the spotlight for this as their consumers can adjust their payments.

If you don't understand Zip and found it confusing you're an idiot, seriously. It's so so simple. You download the app. Apply for an account and start shopping. You can set up a weekly fortnightly or monthly payment to suit your own needs and log in anytime to see what's happening.
You an use zip anywhere too, unlike Afterpay. It's the smarter more flexible choice by far. I tried Afterpay. Their customer service was terrible. Their lack of merchants was obvious. And their late fees extortionate.
If you can't understand how to use Zip I think that really speaks to your intelligence level, really low as blind Freddy could work out how to use zip and he can't even see.