Future of APT, page-2

The model is such that they have details of your funding source before you commit.

This funding source could be a credit card or a debit card. I read somewhere during my DD, that a significant proportion of these were from debit cards. This would indicate they are peoples everyday accounts; the accounts they get their salaries (or government allowances) paid into. Someone may be able to the exact number.

I haven't used Afterpay to purchase something yet, and wouldn't be in the basket of 0.8% defaulters, but I presume APT can continue to attempt to get funds from the account at multiple times in the hope they can get funds when a customer is paid or receives allowance.

I think they are keeping limits supressed enough for the default to not be a risk. They will have a strong database of customer data making it difficult, or almost impossible, for people to set up multiple accounts.