I agree with you. I think this fee will be a sticking point,
You guys also need to remember a lot of people using his service are vulnerable, by ASICs view. I spoke to a payday lender owner yesterday who said Afterpay is now prolific in their customer base. He says most statements now have a Afterpay line in them. This worries me, as it’s the same customers as payday lenders, the regulator will make moves on this.
People here discounting ASICs effectiveness need a reality check. Asic is out to make headlines to send a message to the market. Afterpay will be a nice headline.
APT Price at posting:
$5.55 Sentiment: Sell Disclosure: Not Held
