Money magazine Comments - The big changes coming to Afterpay The government is set to regulate buy now, pay later services like Afterpay in a bid to protect Aussies from racking up debts they can't afford. https://www.moneymag.com.au/feed/latest?story=179799740 Sat, 10 Feb 2024 07:45:38 +1100 Sat, 10 Feb 2024 07:45:38 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - The big changes coming to Afterpay https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Peter Harris ()

It is interesting to note once again that there is no mention of the 6% + GST + Small Transaction Fee that is charged to the retailer. This the highest fee by any provider outside of a high risk loan but it is a fee on all transactions that is non negotiable by small retailers. A retailer can no longer not have afterpay due to their commercial strength. This will impact pricing and costs such as employment in the retail sector.

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]]> Peter Harris () Sat, 10 Feb 2024 07:45:38 +1100