Richard Coppleson Comments, page-13

A better comparisons would be to PayPal which many accept despite PayPal having massive fees. The difference is really visa/Mastercard don't really bring much in the way of extra sales, it's just defacto payment method, unless people pay with credit but credit fees are higher then debit + there is the machine rental costs as well.

AfterPay on the other hand does drive business, and I guess PayPal must to - Both offer something extra. PayPal offer unmatched customer security (no matter how hard the screw the retailer) like amazon they side with the consumer most of the time. AfterPay of course offer the buy now, pay later sudo layby to customers.

The only bonus you get from using visa/mc is chargebacks - but that only applies to fraud or gross misrepresentation and 'insurance/extended warranties' having been there through good luck if you try claim on them.

Off-Topic - AfterPay is a revolving service for the vast majority of your AfterPay customers in 2 months they'll 'have' the money to spend again. Compared to a credit card where people are way more likely to keep spending till they max out then take years to pay it back (unless they get increased limits) so they don't 'have' the money again for years.