In the interest of competition you have to have a level playing field. At present the high cost of using BNPL is worn by the merchants, so they are forced to belt their prices up, which contributes to inflation, just so that BNPL businesses can graft? I reckon merchants will welcome it because they don't want higher fees added to their base cost of goods and the BNPL businesses have got them over a barrel - you want to sell goods son, you have to use us and we'll charge you for it. The cost of BNPL is 4% on average, debit and credit cards are 0.5 - 1.5%
This stuff has come and gone for years - interest free furniture, low interest rates for cars, and the term used is subvention agreements - whereby the wholesaler or retailer makes recompense to the financier for the loss suffered in not charging retail interest rates. BNPL is only a variation, but the big difference is that the basis of the industry was that the BNPL financier would bring the customer to the merchant, so the merchant has to pay. There will be a battle to keep that going until the time that BNPL is entrenched. At this stage take up is very low.
- Forums
- ASX - By Stock
- ZIP
- $2 PARTY
$2 PARTY, page-1361
-
- There are more pages in this discussion • 10,432 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.31 |
Change
0.050(2.21%) |
Mkt cap ! $3.015B |
Open | High | Low | Value | Volume |
$2.33 | $2.41 | $2.30 | $28.87M | 12.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 223142 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 101520 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 90792 | 2.310 |
14 | 75543 | 2.300 |
5 | 14100 | 2.290 |
5 | 72000 | 2.280 |
3 | 19508 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.330 | 750 | 1 |
2.340 | 65649 | 3 |
2.350 | 25596 | 4 |
2.360 | 28231 | 4 |
2.370 | 123185 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online