It worked well for Afterpay. At this stage rapid market share is more important, and it only $1000.
I could argue the massive customer base is worth a'lot more (data & pricing power to potential new retailers) than some more defaults.
Another issue is I had friends with good credit score get rejected over $1000. Silly, and they have not bothered to call Zip, too much hassle.
That is a lost customer.
Now for higher loans (Zip Money) I do recommend keeping the credit check.
Anyone with connections with the CEO, please pass the msg.
Zip should remove credit checks
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.31 |
Change
0.025(1.95%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.29 | $9.993M | 7.656M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 33987 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 100000 | 1 |
View Market Depth
| Last trade - 15.59pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.31 |
Change
0.025 ( 1.47 %) |
||||
| Open | High | Low | Volume | ||
| $1.29 | $1.32 | $1.28 | 2175993 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| ZIP (ASX) Chart |