Revenue per dollar sold comparisons

Afterpay
Announced 4.48% revenue off 11.2 billion in sales for FY 2020. Failed to release Q1 2021 figures as a result of them being poor. Afterpay achieved 5.07 % revenue off 5.2 billion of sales in fy2019 an 11 % drop YoY on revenue yield.
Likely expect a return of 4 .0% in fy2021 as completion increases on merchant fees and returns for Afterpay continue to decrease as previous years.

Zip
Announced 7.67% revenue off fy2020 off 2.1 billion
q1 zip transparently announces their results unlike Afterpay. In Q12021 zip has achieved 6.4 % globally and 7.07 % for Quadpays business.

Comparing Zip and Afterpay analysts noted in fy2020 Zip while smaller in total transaction volume was able to generate 71 percent more revenue per gross dollar of sales sold in fy2020 and 43 percent more revenue if you compare Zips Q12021 result to Afterpays FY2020 result. With both company's experience very similar year on year growth Zip revenue will eclipse Afterpays at some point in the future if things keep going as they are, particularly with the Quadpay division result and growth numbers.

Sezzle
delivered 5.4 % revenue return in the q12021 and 5.5 % in the last two quarters. It delivered 6.76% revenue in the fy2020 half yearly.
Sezzle generated 6.57% revenue yield off 244 million USD sales in 2019

Sezzle on merchants, customers, revenue is about 1/5 the size of Zip. Sezzle has a market cap of 1.7 billion vs zips 4 billion. Based off Sezzle one of the smallest bnpl listed on the ASX zip should be worth at least 5 times SZL or 8.5 billion and a share price of 12 dollars +

Klarna
From Jan 2020 to Sept 2020 Klarna reported USD 35 billion TTV and 742 million USD revenue which is 2.12 % revenue return.

Affirm

Did 4.64 billion USD in 2020 gross sales and and 2.62 billion in fy2020. Revenues in 2020 were 509 million in 2020 and 264 million in 2019. This represents a 10.07% revenue to gross sales in 2019 and 10.96% revenue on gross sales in 2020.
Affirm has a market cap of 29billion USD (38 billion aud)

and Zips market cap 4 vision. Come on that's way off kilter no matter which way you dice it.