Business
Three million Australians use Afterpay but how does it work – and why does Twitter’s CEO want to buy it? – Sydney Morning Herald
A quick guide to what, if approved, will be the biggest corporate takeover in Australian history.
But how do they make money?
There are two specific ways these services make money: by charging merchants fees for purchases and by charging customer fees for late payments.
Afterpay charges its merchant customers a fee for each sale it processes for them….
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