I don't agree with this. Apple et. al are just flexing.
At 5% profit per transaction (typical for BNPL) you have to keep bad debt under, yes, 5% to not throw your money away.
Why would anyone take that risk just to onboard customers? What's your credit policy here, exactly.
Buy something online -> pay your deposit -> skip the rest ->never allowed to use the service again?
"Oh we'd love you to buy this item but you still haven't paid this order from 3 years ago"? They'll just save up and pay cash if the credit facility isn't available. We don't have a good record in Australia of making people pay outstanding contracts, would be a pretty significant legal change!
And 5% margin makes it seem mighty expensive to do a proper credit worthiness assessment.
Unless you regularly forgive bad debt you're just racing to the bottom. Applying a low cost credit facility to every day transactions doesn't really help anyone except people who won't really make you any money.
- Forums
- ASX - By Stock
- ZIP
- Biggest short squeeze in history, on it's way
Biggest short squeeze in history, on it's way, page-92
-
- There are more pages in this discussion • 262 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.20 |
Change
0.055(4.82%) |
Mkt cap ! $1.346B |
Open | High | Low | Value | Volume |
$1.15 | $1.22 | $1.13 | $10.58M | 8.991M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18716 | $1.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.20 | 38917 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18716 | 1.190 |
3 | 93366 | 1.185 |
6 | 33225 | 1.180 |
7 | 167374 | 1.175 |
5 | 80061 | 1.170 |
Price($) | Vol. | No. |
---|---|---|
1.195 | 38917 | 2 |
1.200 | 173952 | 7 |
1.205 | 106111 | 4 |
1.210 | 131798 | 8 |
1.215 | 264726 | 11 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.19 |
  |
Change
0.055 ( 3.75 %) |
|||
Open | High | Low | Volume | ||
$1.15 | $1.22 | $1.13 | 4596939 | ||
Last updated 15.59pm 06/06/2024 ? |
Featured News
ZIP (ASX) Chart |