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

APT

Click for more information

0.00%

$66.47 afterpay limited

I'm still not sure why transactions are blocked? Because a...

First 6439 Last

Share
Profile

Follow
JoeGambler

7,449 Posts.

2158

30/07/21

11:55

Post #: 54900955
Share

Originally posted by coppergaz: ↑

This has been discussed many times. yes APT reject ~30% of all attempted transactions for customers signed up, and that increases to approx 50% for first time customers.

pigs, mado have constantly said APT sign up any bum and allow them to spend $. This simply is not true.

APT use

"proprietary real-time Repayment Capability Check"

details of the measures are unavailable but im sure mado/pigs would promote that the check is a flip of a coin rubbish.

ive added a couple of screenshots where 30%/50% rejection rates are mentioned..

one is from apt own report,
one is from submission to the senate economic references committee

Expand

I'm still not sure why transactions are blocked? Because a borrower has missed a payment on previous loan? If a merchant is signed up and a borrower has capacity in their limit, why are 30% knocked back?

APT Price at posting: $98.35 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 373 more messages in this thread...

First 6439 Last

Add APT (ASX) to my watchlist