I agree. It's very simple really... Merchants are all coming on board the BNPL train for two very important reasons:
(1) Increased basket sizes
(2) Increased conversion rates
If a surcharge were to be passed onto customers that would largely decrease the amount of customers using BNPL options resulting in:
(1) Decreased basket sizes
(2) Decreased conversion rates.
It makes no logical sense why a merchant would want to offer a BNPL product just to then give people an incentive not to use it. For this reason I don't think it matters whether the central bank puts a legislation around this issue or not. It's a non-issue that in my opinion is getting too much airtime on hotcopper.
APT Price at posting:
$38.75 Sentiment: Hold Disclosure: Held
