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14/06/19
14:34
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Originally posted by Shift35
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Honestly the market has overreacted a lot with the stock. The only issue i see (minus a fine) is Austrac asking to implement measures after this "120 day review" that will cause friction with the checkout process for customers.
Afterpays success comes down to 4 simple things
Friction less checkout for customers
Protecting merchant from fraud
No interest on purchases
Ability to pay nothing or 1/4th upfront
of course as i have previously stated there is only one company that provides Frictionless Dynamic KYC/AML and that is isignthis (isx)
afterpay could even remove the license check they have and make the signup process even quicker.
Anyway all in all i still believe this stock is going to $30 by sometime next year regardless of the outcome.
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I don't believe they do a licence check in most cases, or any documentation check - that would be a big risk factor for their margins if they had to do that - check documents - every time. See the links below if you don't understand their current checks. Doesn't say how they do verify without documents - but fair enough not to share that.
https://help.afterpay.com/hc/en-au/...l-all-customers-need-their-ID-to-be-Verified-
https://help.afterpay.com/hc/en-au/...-Australian-Driving-Licence-or-Medicare-Card-