Sorry to sound like a newbie, i don't really understand how the BNPL works...
When a customer purchases a product and pay by OPENPAY, does OPENPAY pay the business the purchased price up front minus fees (fees are revenue for OPENPAY)?
My question is what happens if they purchaser miss payments or completely defaults on the payments? Does OPENPAY CHASE the purchaser e.g. debt collector?
How does OPENPAY source the funding to pay on behalf of the purchaser to the business?
OPY Price at posting:
$4.65 Sentiment: Hold Disclosure: Held
