Piece of the pie
Currently, retailers who use Afterpay (APT) are billed 30 cents, along with a weighted commission, for every transaction made using the BNPL platform. While competitor Zip Co (Z1P) is cheaper, merchants still have to fork out 15 cents and a commission for every customer who wants to pay in instalments.
However, PayPal won't charge merchants who adopt the platform, and only charges users a late fee if they fail to make their repayment on time.
The debut of Pay in 4 is emphasised by PayPal's eCommerce presence in the U.S. market. According to Forbes, you can shop with PayPal online with 80 per cent of the top 100 U.S. retailers, while nearly 70 per cent of online shoppers in the country already have a PayPal account.
Based on those metrics and the booming eCommerce space, Lisa Ellis, an analyst at MoffettNathanson said it best: “PayPal can grow 18 to 19 per cent before it gets out of bed in the morning."
https://themarketherald.com.au/afterpay-asxapt-zip-co-asxz1p-stock-tumbles-on-new-paypal-platform-2020-09-02/
Z1P the most traded stock last week in the ASX, page-2
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Last
$1.29 |
Change
-0.020(1.53%) |
Mkt cap ! $1.449B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.33 | $1.29 | $7.003M | 5.373M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 111737 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 10000 | 1 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
-0.020 ( 1.57 %) |
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| Open | High | Low | Volume | ||
| $1.33 | $1.33 | $1.29 | 1519993 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| ZIP (ASX) Chart |