CCP credit corp group limited

Ann: CEO AGM Presentation, page-8

  1. 7,862 Posts.
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    Ok so Wizpay saying 2% merchant fees and $5 late fees max per month. APT is at about 4% and the industry might not be far away from the surcharging becoming a reality. Although the RBA doesn't have the power to do that at this stage.

    So yes, looks like CCP going into market at much lower cost. This appears to be a sinilar strategy as WalletWizard as you say, perhaps anticipating future regulation and establishing the product at a more sustainable cost to the merchant and consumer.

    $500 intial shopping limit and no credit checks, just a pre authorisation on your account to ensure the first instalment is available. Up to $1000 limit, however credit check performed with any increases to limit. I am not sure in that context how CCP will have a higher quality book to justify coming at half the price of APT, which also does not credit checks and mostly in that smaller purchase realm.
    Last edited by JoeGambler: 05/11/21
 
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