Let's look at revenue return off TTVAffirm, Zip and Klarna all...

Let's look at revenue return off TTV
Affirm, Zip and Klarna all generate revenues off TTav in excess of 6.5 percent of TTV
Afterpay that charges the highest merchant fees in the world at 6-7 percent also.generate the lowest revenue for TTV dollar sold
Can anyone hazard a guess why Afterpay have so little revenue generated? It suggests their operating costs must be higher than any other as they have highest merchant fees.
Can anyone explain the risks.to Afterpay of having so little revenue being generated and their future path to profitability? Not looking likely is my analysis

their net losses of 0.9% of receivables shows losses are more than doubling year on year

i throw caution to investors with Afterpays poor unit economics