How Do Afterpay Make Money
How Do Afterpay Make Money. How does afterpay APT really make money? Afterpay is a FinTech company providing as a core service the "buy now pay later" solution.
Afterpay makes money via fixed and variable merchant fees, late payment fees, as well as cost-per-click advertising. Next, choose how much you want to spend and Afterpay will generate a unique barcode for the merchant to scan when you make a purchase. Afterpay needs to make money, though.
The first is similar to any loan; late fees.
Since Afterpay doesn't charge a crazy amount of interest on your purchases like a credit card would, how do they make money?
Find out how they make money, who their competition is, and how they can grow in future. Instead, Afterpay makes money through commissions from partner merchants and monetary penalties imposed on late-paying customers. Afterpay allows you to set up payment plans during the checkout process for many retailers.
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