Afterpay Valuation, page-6648

you say
if someone misses a payment on a $150 loan on bnpl they get stung with $10 late fee which is a massive effective annualised interest rate..

why do you only compare the bnpl late fee as a effective cc interest rate??? remember if your late on the same $150 loan on a CC you will also pay a late fee with a CC plus interest. always seems like the downers somehow forget to add CC late fee into the picture which is on average ~$15.

you say
merchants have been forced to accept bnpl or miss out or lose business

your kinda making the argument here that merchants are getting a benifit by having bnpl!! cheers

but they are not being forced..