Australia's largest stock trading and investment forum Australia's #1 stock forum

APT

Click for more information

0.00%

$66.47 afterpay limited

Afterpay isn't making money, page-3

First 3 Last

Share
Profile

Follow
R_Soul

9,360 Posts.

168

29/12/20

16:05

Post #: 49848619
Share

Originally posted by Forex333 ↑

Afterpay has thousands of unpaid credits.
there is tons on people who installed the app, bought for 1000$ stuff and then simply cancelled their credit cards so afterpay cannot take the money and can only hire debt collectors to try to recover the money.

debt collectors can keep up to 75% of the money recovered and they have no other power than emails, phone calls and mails, which people simply ignore.

Also only Facebook groups of backpackers are full of tips explaining how you can use the 1000$ credit afterpay and then go back home without paying.

You all understand now that afterpay is actually a terrible company business model not to mention that it makes people spend money they don't have in stuff they usually don't need.

Expand

APT Price at posting: $121.47 Sentiment: Hold Disclosure: Held
Upvote

1 Great analysis

Reply

Top Stories

SFX

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

NIM

Nimy extends sulphide targets at Mons with new anomalies identified

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

NXM

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

There are more pages in this discussion • 155 more messages in this thread...

First 3 Last

Add APT (ASX) to my watchlist