No it is a MAX OF 25% IN TOTAL Not 25% per installment, as you...

No it is a MAX OF 25% IN TOTAL

Not 25% per installment, as you wrongly asserted.

It is not interest. Interest on revolving credit compounds.

The max late fee IN TOTAL is 25% OF THE TRANSACTION VALUE. Therefore it is NOT INTEREST, IT IS SOMETHING ELSE.

Consumer's can't possibly be caught in a debt trap with Afterpay, because late payers are BLOCKED FROM FURTHER TRANSACTIONS.

This is fundamentally different from traditional credit. The idea that Afterpay should operate on level terms with traditional credit is absurd.