Not sure it works like that. If a ZIP user has $1k account balance and they are paying $7.95 a month interest it comes with significant costs to ZIP.
They borrow the funding to pay the merchants so they are paying interest of xyz.
They have the initial customer acquisition cost.
They have to pay the cost of running a large workforce.
Marketing, IT infrastructure, Commercial rents etc
AND then there are and always will be the bad debts.
No surprise then that BNPL businesses need shareholders to keep pumping money in to stay afloat.
$7.95 does not go a long way to meeting the costs of running ZIP.
Not sure it works like that. If a ZIP user has $1k account...
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$1.46 |
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| Open | High | Low | Value | Volume |
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