By saying it costs merchants nothing is a misconception towards payments. To facilitate payment, there's a transaction fee, regardless of how small.
Customers are purchasing, and the real free payment method is cash. Everything else has a transaction cost. So merchants are still paying the transaction fee to someone, probably Google, which Zip will then take a cut from it.
Not the most attractive profits, but hey Square didn't start off being the most lucrative investment.
By saying it costs merchants nothing is a misconception towards...
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.82 |
Change
0.075(4.30%) |
Mkt cap ! $2.050B | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.82 | $1.72 | $39.81M | 22.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 126671 | 13 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |