Ann: Details of Afterpay's upcoming HY21 results, page-32

Pretty simple Mado. They currently process all payments using the card network so both visa and mastercard take a small percentage. By having a linked bank account they bypass this and avoid the transaction costs and their net margin per transaction improves. Also having data on whats in a persons bank account, when they get paid etc they can use that data in their credit risk assesment reducing losses and further improving the net transaction margin. Hope that helps you, I know youve struggled in the past to undertsand the late fees so undertandable that this was also beyond your comprehension.