Financial Services IndustryAug 1, 2021
Afterpayiytw27
Great for Afterpay
Lol
It's good for Square. Afterpay charges merchants 4%. Users spend 3000 dollars per year. Potential margin is 70%+ and Square has 80 mil customers. Acquiring merchants has value outside of Afterpay as well.
How does this work for US branch regarding that the US branch is a separated company?
Afterpay Australia owns a controlling stake in the US company. Matrix will be paid out as part of the scheme.