AfterPay, What is the Real Cost?

What does AfterPay really Cost?

AfterPay make their money from two aspects of every sale.

AfterPay income from the Seller.

It’s been reported that Afterpay charges retailers a $0.30 fixed transaction fee plus a commission between 3% and 7% on each sale.

AfterPay Income Sources

In 2019, retailers paid $179.6 … Read the rest

Reserve Bank of Australia: Australian Cash Interest Rates

The Australian Reserve Bank Cash Rate Changes.

19th March 2020 RBA Decision
At a special meeting today, the Board decided to lower the cash rate by 25 basis points to 0.25 per cent, effective 19th March 2020.

This is in response to the COVID-19 coronavirus.

3rd March 2020 RBA Decision… Read the rest