ZIP 1.02% $2.90 zip co limited..

Daily Price Movement / General Discussion, page-37878

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    Gift Cards attract fraudsters

    They have the best resale value of illegally obtained goods.

    Fraudsters are targetting BNPL to obtain goods for free.

    What do you think their prime target will be.

    Wholesalers of Gift Cards can earn margins as little as 1 percent

    Zip margin on this product will be miniscule but risk of fraud is exponential.

    Hypothetically if they find $100 million of Gift Cards they could earn 500k gross margin but if 10 percent fraud they could lose $10 million
 
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