Were those forecasts made before the entry of PayPal
Paypal do not actually need to take business away from Zip/Quadpay as their mere presence of 2.9 per cent gives merchants leverage to squeeze margins
Every 1% margin reduction impacts the bottom line by $ 10 million on each $ 1 Billion of TTV.
I can we'll see a minimum of 2% impact on revenue and also an increased marketing spend of 1% minimum in order to compete with merchant incentives.
A 3% impact on margins destroys the business model completely.
I can't see Zip ever making a profit but believe Sezzle will be the first to go to the wall
Z1P - The Rise To $15.00, page-922
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