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A comment on Square to acquire Afterpay for $29B. Parent comment

Re:Square to acquire Afterpay for $29B by treelovinhippie on Sunday August 01, 2021 @06:53PM (#28030974)
~25% of their revenue comes from late fees to consumers. 75% from merchants.

They're your standard loan shark predator disguised with flashy marketing and bankrolled by VCs.

[ Parent | on HN ]
Re:Square to acquire Afterpay for $29B by interesting22 on Sunday August 01, 2021 @06:57PM (#28030999)
Given that:

- their late fees are capped - there is zero interest charge - they have a policy of never taking legal action to pursue payment - non-payments don't affect your credit rating

On what is your argument based? There is literally nothing in common.

[ Parent | on HN ]
Re:Square to acquire Afterpay for $29B by boring_twenties on Sunday August 01, 2021 @09:57PM (#28032123)
> they have a policy of never taking legal action to pursue payment - non-payments don't affect your credit rating

Wait a minute, what incentive do we have to ever pay them back?

[ Parent | on HN ]