APT Margin Transaction Losses, page-123

I have never wanted or had a need to use afterpay...so my daughter had no infuence
in anyway whatsoever in this regard

Proof might be in the pudding for now, usage numbers wise...profits wise...nah

When you give anyone something for free and no hurdles to get it, make it real sexy,
and market it as well as the boys have...then people will use it...but in the end someone
has to pay for it and eventually someone will IMO, when that happens it will all fall apart


But the point I was trying to make is that the dangers of BNPL are being actively discussed
in at least my daughters school, just like the dangers of CC's were 10 to 15 years earlier
when my older children went to high school...and that IMO is a fair bit of the reason why
CC's are not being taken up by the afterpay generation...fear of what they learnt at school

I didnt ask her about this, it just so happens every tuesday we have a family dinner, and
we were watching the channel 2 news the day the capital raising was announced and AK
was talking about it, I found out none of my kids or their partners use AP or BNPL but my
eldest sons,partners, sister does...and she is already at her limit

Credit cards and BNPL are tools, when used correctly can be usefull, it just for most people
who dont need the credit with no credit checks that AP provides, a CC can be much more
versatile and usefull tool and is around 1/3 the total tranaction cost of AP...its just at present
the merchant pays this fee and not the consumer...this will change IMO

And still no answer to my question abouts Eric paying his AP account with a CC, who pays
the CC fee on this transaction or is it classed as a cash advance so Eric would have to then
pay interest on this Credit card the AP payment comes from

cheers