Lepio; page 20 annual report . Of 502 million in 2020 revenue Afterpay made 68.8 million as late fees (13.7% of total revenue) down from 18.7% in 2019
Afterpay collected 433.8 million from merchants, which is 3.9% of underlying sales.
So late fees increased return by 0.58% across total TTV.
Merchant fees average is 3.9 % in 2020. In 2019 it was 3.8%
This clearly shows imho that spreading the cost of bnpl across both merchant and consumer is a better system.
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