If you can't afford buying a consumer product => Don't buy it!

@takudzwamashamba7453

3 жыл бұрын

People love borrowing bro.

@citationau

3 жыл бұрын

Common sense right? Common sense has gone out the window.

@nandlabh6349

3 жыл бұрын

Exactly...its not that easy .

@nishcooldude5460

3 жыл бұрын

I absolutely agree with you! Spend now and paylater - This is one of the bad things which millennials should not follow, it will only spur impulsive buying. I would suggest saving all money for a month and then decide whether you actually want to purchase that item or not!

@zofar9565

3 жыл бұрын

What about the loan?

*EVERY FAMILY HAS SOMEONE WHO BREAKS THE CHAIN OF POVERTY IN THAT FAMILY,I PRAY YOU BE THE ONE*

@pascalrogers8709

2 жыл бұрын

Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works

@jamesbay8905

2 жыл бұрын

I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading

@dennissamantha1097

2 жыл бұрын

*THOMAS JEFFERSON* once said *"TO get what you never had before you have to do what you never did before"*

@monalisascott2289

2 жыл бұрын

Talking about being successful! I know am blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Blossom Jefferson

@monalisascott2289

2 жыл бұрын

As a single mom I now make $15,000 monthly all thanks to expert Mrs Blossom Jefferson

"Nick, a commerce graduate from the University of Sydney, noticed that young peoples' spending habits were changing. His theory, that young people have grown skeptical of traditional financial products like credit cards, which could lead to spiraling debt." So instead of making a physical credit card, he just put it on an app. Damn, us young people are stupid.

@indigowolf8712

3 жыл бұрын

Its like a credit card but worse. you have to pay every 2 weeks and are frozen out for missing 1 payment.

@kamu747

3 жыл бұрын

It's lay buy in app form. Except you get to take home the product? (Am I right on the last part?)

@nitish523

3 жыл бұрын

Not stupid. We don't care, we need everything that is trending or what is in vogue. We want it know, gimme that it's mine. Life isn't complicated, we have made it complicated. We live in a consumer environment, we consume on the go. Look at the young population, it's humongous, and potentially leads to earn money for big and small businesses.

@differentworldswebseries3726

3 жыл бұрын

"Nick, a commerce graduate from the university of Sydney ,Noticed that young people s spending habits were changing..

@sajidam3463

3 жыл бұрын

@@indigowolf8712 Frozen out is good. Is not it ? It makes sure your debt does not increase.

They make over 25% of their profit on "late fees" So basically this is worse than the average 17% APR on a credit card

@Striker50_

3 жыл бұрын

@@Alex-bq8qd bit then again, young people don't think

@Striker50_

3 жыл бұрын

@@Alex-bq8qd There's an overconfident emotional state when people are about to buy something. They really want that item. Once they have it for a week, the luster wears down and they lose interest, and they're no longer in a rush to pay back. AfterPay knows this, credit cards know this. It's why they will gladly lend

@dharmikp8030

3 жыл бұрын

only smart people get this

@mostlikely...

3 жыл бұрын

LMAO Facts

@theosantana7750

3 жыл бұрын

This youths gettin finessed

Hey Nick "can you sell me your company I'll pay you in two years".

@kashutosh9132

3 жыл бұрын

Lol😆

@tariqulislam7051

3 жыл бұрын

That had be great tho since you can also get to sell that company to someone else's at a much higher value like any big tech companies n then pay him off, you both will end up winning 50/50.......

@jmatt98

3 жыл бұрын

Yes. Buy his stock on margin.

@tariqulislam7051

3 жыл бұрын

@@jmatt98 that wont help him anyway.....

@Ballu12345

3 жыл бұрын

😂🤔😹

Wow he basically just made an app for layaway

@larryvergas9888

3 жыл бұрын

Nice👌.. I never believed i could earn this big amount of money from forex trading

@ratedr9672

3 жыл бұрын

Precisely 😑

@toivomvula

3 жыл бұрын

Very smart. We call it laybuy in Namibia.

@localhost5959

3 жыл бұрын

@@toivomvula Same in Australia

Here in Mexico we have several stores where people can buy something and pay it week by week. Its huge here because its a way so that low income people can afford many things but in the end they are paying over 3 times the value of the product they bought just because the prize is differed in weekly payments

@user-ry2qs7xf9k

2 жыл бұрын

That's a different thing!

This is an absolute brilliant innovative idea!! The sceptics out there who say this has a vulnerability to shoppers to spend more then they have; should think of what the credit system does to the same group.

@moonlight.z

Жыл бұрын

Nothing innovative here.. many compnaies around the world do the same service. He copy them , that's all..

These something principally wrong with our generation where we want everything now and no longer willing to save first and buy later. Anyways, more power to entrepreneurs like Nick!

@sachinreddybappa1273

3 жыл бұрын

In India this thing is in use from past 5 years called bajaj finance.

@tradingbull007

3 жыл бұрын

@@sachinreddybappa1273 those MFS are the worst company. And charge high interest and unnecessary charges too. 😡

@KidTrigger

3 жыл бұрын

This is every generation since the beginning of time wtf you sayin?

@vpmm2j

3 жыл бұрын

Apparently never went through the Dave Ramsey program.

@davidaseweje

3 жыл бұрын

This is normal, it's human nature man..nothing that has to do with this Generation.

Its just a credit card without the bank requirements.

@daschund7680

3 жыл бұрын

And that in itself is amazing, it makes ALL the difference

In India, people are using it from 5 years which is called Bajaj Finance..

@asc4695

3 жыл бұрын

Actually they have started operations in consumer durables back in 2011. I remember it because we purchased TV using bajaj finance and did some research on it.

The long term are doing well while the short term trade requires precision in its execution but gosh, they do amazing when you're on the right side

@thomaskralow228

3 жыл бұрын

Trading is very profitable with the of a seasoned broker managing your trading account

@myfinancialfriend2665

3 жыл бұрын

I will introduce you to my broker expert Ms Bambi Alex

@dr.vivekbindra5906

3 жыл бұрын

Even with the covid-19, i made my profit during the covid-19 pandemic investing with expert Bambi Alex I'm now on my way to financial freedom

@watsonfelly8334

3 жыл бұрын

Mrs Bambi Alex is legit and her methods works like magic I keep on earning every single week with her new strategy

@patrickwieland1547

3 жыл бұрын

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Bambi

Finally I can finance Fiji water. Tired of paying 4 bucks up front.

@CapitalColosseum

3 жыл бұрын

Hilarious 😂

@dipeshkuruvilla5773

3 жыл бұрын

Dude your'e funny...

@jeromehums8844

3 жыл бұрын

😅🤣😂

This is a great way to laybuying and getting straight away. Way more affordable and a more cost effective/cheaper than using a credit card. The only difference is making sure you can meet repayments and don't go overboard with your purchases

Damn you would think this guy is way older than 30 holy shit!!

@rachumkar1744

3 жыл бұрын

He looks 50.

@cryptoverge634

3 жыл бұрын

That's what been rich early means.

@zb8302

3 жыл бұрын

I don't believe he is 30

@natgenesis5038

3 жыл бұрын

Me too I look older than my age

@tangerinekpopper1868

3 жыл бұрын

That's what hard work and facing lots of challenges does to one.

Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.

@christophercook7170

3 жыл бұрын

Yeah! I agree with you sir.

@christophercook7170

3 жыл бұрын

If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.

@davidmike6847

3 жыл бұрын

@@christophercook7170 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.

@gabrielanthony9995

3 жыл бұрын

@@davidmike6847 That's very correct sir!! And that is why most of them end up losing they money to scammers.

@gabrielanthony9995

3 жыл бұрын

Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.

Starting early is the best way of getting ahead to build wealth, investing remains the priority.

@jemmysmart2394

2 жыл бұрын

Warren buffet once said, "if you don't find a way to make money while you sleep, you will work until you die

@stevewilliams760

2 жыл бұрын

Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance.

@andersonwhales3312

2 жыл бұрын

A man of excuses is alway full of failure

@dannysamuel4056

2 жыл бұрын

Assets that can make you wealthy Gold Crypto Stock Real estate and more

@danielmedina4953

2 жыл бұрын

@@jemmysmart2394 When you invest in crypto you are buying a day you don't need to work

I don't know who Needs to Hear This but " Greatness is often built when no one is watching ". So don't give up and keep going

This is pretty much a credit card without the idea of a “credit card”

@MalluStyleMultiMedia

3 жыл бұрын

Exactly what I was thinking

@edwardlewis1963

3 жыл бұрын

Yes. But without the physical credit card, and without the retailer needing special hardware to handle the physical credit card. This is normal in the front line of technology. The big entrenched companies don't innovate. Instead, an entrepreneur does the innovation. The big companies then buy out the innovation and incorporate it into their business. And/or downsize. Or die.

@asecmimosas4536

3 жыл бұрын

I mean...It's different. So I think...pretending there's a world where you have to either have afterpay or a credit card, and you cannot have either. The downside of a credit card is that you can keep spending past the point where you're no longer able to make your payments. The downside of afterpay is that if you miss a payment, you will be unable to make any necessary purchases until you repay that payment. And that can be difficult for some if their purchases have to be time sensitive.

@Downtime_videos

2 жыл бұрын

Exactly its exactly the same thing wrapped up in another package and idiot millennials ate it up and made these two buffons billionaires, credit card companies just have to break down their monthly installments into less monthly and these guys are out of business, im buying puts way out ,they will be going down in a year or two let their steam fizzle

@user-ry2qs7xf9k

2 жыл бұрын

This has some ponzi scheme dynamics!

All these financial services without background check is gonna promote impulse buying behavior among millennial. Young people are gonna be so indebted. Such futuristic, much wow. This is technically a toned down version of China's Ant Finance.

@andrewwoodward8563

3 жыл бұрын

I don't understand how this is more appealing than a credit card.

@ry8246

3 жыл бұрын

@@andrewwoodward8563 little to none credit checking. That means even high school students can borrow money as long as they have a good debt paying record in the app.

@markayb6254

3 жыл бұрын

@@andrewwoodward8563 interest free if u pay on time. So it's free credit.

@Helios6221

3 жыл бұрын

@@ry8246 afterpay is locked to 18+

Govts will wholeheartedly welcome such platforms that allows people to get into even drowning debts to grab more taxes from all late fees, collection fees and legal fees to settle this in court. Good job guys for supporting these so called futuristic and innovative debt traps.

Why do people think credit cards are bad? Credit cards offer amazing rewards if used correctly. Only buy something if you know you're going to pay it off.

@ahastar1141

3 жыл бұрын

Because the avg person generally lacks the self control to use them properly.

@Minty_Fresh8

3 жыл бұрын

@@ahastar1141 exactly. It might because it doesn't feel like money. like holding a piece of plastic and buying something doesn't have same mental effect as spending cash or paying for it right then and there like a debit card. I started to use to responsibly and get the rewards points and all :)

@revirdkcalb

3 жыл бұрын

@@ahastar1141 Exactly. This is the only reaaon credit card companies are able to exist and make a lot of money for them to be giving out these "amazing rewards". Lol.

@sulizu0186

3 жыл бұрын

@@revirdkcalb not exactly , they take a 1 percent cut from the retailer everytime the consumer makes a purchase .

@revirdkcalb

3 жыл бұрын

@@sulizu0186 True.

I'm not rich and always pay via my debit card or paypal in full payment. I never pay anything in credit (by using this app or credit cards), always cash, because I won't spend on things I cannot afford. I have 0 debts at the moment, hopefully my income will suffice me so I don't need to have a debt later in the future.

@brahman9985

3 жыл бұрын

Credit card is for building credit score. Helps with larger purchases mortgage, finance car, renting etc. If you're responsible with your money there's no real reason not to use one. It's simply an indicator of how trustworthy and reliable you are. At some point down the line it'll come in handy. Other perks include reimbursement, for example if you bought a plane ticket before covid, if you put it on the CC you call the CC company and get a refund, if you bought it on debit you'd be out of money and at best get a voucher from an airline.

@thundaga4005

3 жыл бұрын

Then don't download the app.

@afonsomarques104

3 жыл бұрын

You can use credit cards for credit score and payback but you have to have that amount of money in your bank account

let's see how this plays out in the next 5-10 years, we are now buying even more things we don't need...

@timemasterhms

3 жыл бұрын

He doesn't care. He's set for life now.

@josiegacia3397

3 жыл бұрын

No matter the size of the capital you’re trading!ng with or investing in, losses are going to be inevitable, particularly in highly volatile markets like crypt0currency. Learning how to manage risk to minimize losses is vital. Yet, it’s also necessary to master risk management in order to ensure maximum gains.

@josiegacia3397

3 жыл бұрын

Learning how to manage risk to minimize losses is vital. Yet, it’s also necessary to master risk management in order to ensure maximum gains. After all, the more you’re willing to risk, the greater the potential reward.

This is the digital form of Lay-Buy. The concept is not new, in Australia at least. Very clever reinvention.

Why is Hermes and Louis Vuitton not on afterpay! Damn, I just wanted to get a birkin using afterpay lol.......

@mirariri98

3 жыл бұрын

Lol 😂 me too

No one in the earth is self made person, just another guy who likes to explore the society

"Self made"? Also the title: "The pandemic made..." Ye right lmaoooo

@gaganaggarwal7599

3 жыл бұрын

The pandemic whose sole purpose is to strip everything the middle class had, including their freedoms, and to give total control to the elites in the banking and finance, so that 1984 and Agenda 21 can culminate.

@r3dp1ll

3 жыл бұрын

@@gaganaggarwal7599 they will fail. This has to fail. They are beyond insane

@CaptainWaffles69

3 жыл бұрын

They were doing very well before the pandemic

Its a standard no cost Emi or zero interest emiservice that we have in india. Dozens of banks and non banking financial services offer it.

I grew up poor. We either paid cash or with a money order. If we couldn't afford it, we didn't get it.

@amitsharda8198

3 жыл бұрын

Same

Thank you for sharing!

It's just a credit card made to look cool instead of a scam like a traditional card. So the only problem it meaningfully addresses is that of carrying a physical credit card.

@Ken-nv2hl

3 жыл бұрын

I hate afterpay, literally a legal way to steal money from the poor and people trapped in consumerism.

@TheGeorgeee13

3 жыл бұрын

@@Ken-nv2hl if people are that dumb to get into debt then let them,,,,, allow them to take responsibility for their choices.

@revirdkcalb

3 жыл бұрын

@@Ken-nv2hl They do indeed cash in on this, however they ain't putting gun on people's head forcing them to buy. It's still the "poor" people's own responsibility.

@Ken-nv2hl

3 жыл бұрын

@@revirdkcalb When they have families to take care of and cost the future of their children because of their poor choices due to mental health issues then it becomes a bigger issue. Just look at the gambling industry creating games specifically designed to to trigger addictive responses so you keep gambling. How much choice do we really have in this mind?

Most people got this, But now what did you use the money for... Did you invest it or spend it waiting for another season of unemployment..

@marshaljames2766

3 жыл бұрын

Yes. You're right. Bitcoin is a good business

@davidgarry3449

3 жыл бұрын

If you ask me, i think bitcoin has something big for your world but having a good mentor is the best

@davidgarry3449

3 жыл бұрын

then i will like to introduce you to Mr Richard Dow Rockwell , Expert Richard is the best, have been working with him for months now. Investing with Mr Richard is awesome and cool

@froddgraham7545

3 жыл бұрын

I use to take from the bank for survival but after trading with Expert Mr Richard Dow Rockwell my financial status change for real.

@wilsonjoe7992

3 жыл бұрын

I'm not here to converse for him but to testify just for what I'm sure of. He handles my account and I have really made huge profit from Mr Richard . $65000 to be precise.

Anchor is suffering from severe malnutrition 😂😂😂😂😂

Isn’t this a credit card? What the hell is special??

@dopegod987

3 жыл бұрын

Simplicity of the whole credit system. Also instead of blocking the amount in Credit EMI, I think they are just keeping it to pay it afterwards method.

@fubao99975

3 жыл бұрын

I think it might have lax requirements for young generation to apply compare to credit cards in 'traditional' banking system.and it is much more easier by just download an app instead of filling all the forms, attach all the documents when applying for credit card ~~ my 2 cents..

@shashank1630

3 жыл бұрын

@@fubao99975 lol. All businesses seem to be a minor tweak to the same formula. I still don’t get it. Credit cards are predatory and basically anybody can get one. I don’t know - I don’t get it.

@fubao99975

3 жыл бұрын

@@shashank1630 no....you are wrong..there are still many people cannot get services from traditional banking..simply put it, can u apply credit card when you 15? not everyone can easily borrow loan and apply credit card from banks, this is one of the reason why Ant Group rake it in. You shall read more☀️

@Livetoeat171

3 жыл бұрын

Hi school student can get a credit card and most college students have credit cards because today, they are offering them to anyone. At least a credit card you have a month before you have to pay anything on it this guy is only giving you a couple of weeks

I guess this credit card mindset is predominantly Australia and US issue, while in Europe most of us tends to have debit cards and retailers are used to accepting both credit and debit cards as payment methods. And personally I was raised with the principal of not spending money I don’t have and learn to be smart with the money I have.

The internet has created more impact in our life, financially, socially and otherwise, for the betterment of our lives.

@josephfax5595

3 жыл бұрын

The Bitcoin market is home to endless financial opportunities, if you are not focused you will get sucked in crowd thinking, but thanks to expert Mrs Tessy for is contribution in the crypto space without her a lot of us will be lost in a day trading.

@michealcliff4994

3 жыл бұрын

Bitcoin is fast rising and if you are lucky to have a good broker, then i believe you have absolutely nothing to worry about because you are in for a financial upliftment.

@maryjane6346

3 жыл бұрын

@@michealcliff4994 You are right my friend, a lot of people are ignorant to understand that Bitcoin is the future, in fact, i think is one of the best thing that has ever happened to our generation.

@maryjane6346

3 жыл бұрын

Bitcoin is rising like wide fire 🔥

@larryjay3677

3 жыл бұрын

Trading has not been going well with me, I have invested a lot of time and failed, I trade on my own but each time i keep losing money.

The thing people fail to recognize is- More users on this platform = more consumer spending. Which is highly needed to revive the economy because of the pandemic.

This is a beautiful story. I love it

As a Brilliant young entrepreneur, ur marvellous platform with clear business blueprint boosts up country’s economy. Not to mention that a customer’s better looked after after all. It’s win win for both. I have a feeling that financial novice like me who defies the logic of flowing the money can possibly create the business ideas one day. Thanks for the business insight.

Being a self bade billionaire sounds like a lot of hard work but very satisfying

Billionaires whose company still “hasn’t turned profit”. 😂

@vipulchandrajha8533

3 жыл бұрын

Loll..

@vardhan4594

3 жыл бұрын

@@milfex-lostex3984 bro u gotta learn English

@millsathn

3 жыл бұрын

@@milfex-lostex3984 he didn’t show he didn’t understand, he showed that he thought it was funny.

@zofar9565

3 жыл бұрын

@@milfex-lostex3984 But this startup is 7 years old so your first point is invalid.

@steventang1002

3 жыл бұрын

Airbnb, Uber, Tesla, Spotify, Pinterest, Snap, Square and many more STILL have not “Break even” yet.... So its really irrelevant

Is there any website like this in Canada?

Proud of my fellow Australian's achievement! Many many congratulations!!!!

@john10000ish

3 жыл бұрын

Australia is not in Middle East.

reinvented? It's a different form of credit card, with installments instead of a credit card form. He just modified it, and is getting idiots into trouble that cannot control their spending.

@surendrashekhawat4155

3 жыл бұрын

Why reinvent the wheel if something works? Later on u can 10x ur vision once you have capital to swing for fences ⚖️

@melissa-jadewilliams8136

3 жыл бұрын

No interest. 4 payments. It is better than a credit card.

4-6% fees on the merchant? which will be transferred to the consumer eventually. The merchant probably increased the price of the item to absorb the fees. Even if the consumer pays with cash, it will be the same price. :(

“Reinventing the spending habits of millions of millennials” - sooooooo debt? Lmaoooo 😭.

does anyone know how can I buy some put options ?

aaaaaayyyy Karen respects the rich businessman lmao

I thought is something new. There's already a company that does the same thing🤦🏿‍♂️

The most impressive thing they did is brand themselves as more like a debit card than a credit card. When in reality they are clearly issuing debt and charging merchants a much higher processing fee than credit card companies do. Plus their two week payment schedule means that you are still paying down the debt in a period so short that most credit card companies wouldn’t have charged you interest and many credit cards would give you some perks like points.

Losses is part of the game... However, your mood as a trader should not be dependent on the outcome of your trades. Review every bad trade, you will learn a lot from your mistakes. Most importantly, know when to take a break so you won't be revenge trading.

@samevans9725

3 жыл бұрын

Support your opinion, generally I always look out for it to dump so I can purchase some more. Truly I believe it has come to stay.

@margieparker9656

3 жыл бұрын

I am just 2 weeks into researching about bitcoin investment, don't know if KZread videos would count as research.

@donaldsmith502

3 жыл бұрын

@@margieparker9656 Grant-yea in a way KZread counts as research but still, it is very important you do your personal research and gain as much information about bitcoin investments before venturing into it.

@johnmark3034

3 жыл бұрын

What's the idea behind bitcoin investment anyway? Cause I buy when it falls and sells when it rises.

@donaldsmith502

3 жыл бұрын

@@johnmark3034 Bitcoin investment just like every other form of speculative investment where you trade commodities (in this case other cryptocurrencies) to determine which gains or losses against another in order to make profit, just like in forex trading.

Just another way of putting millions of millenials in further debt

@jayrollo1352

3 жыл бұрын

Don't buy shit you can't afford then lol.

the credit card company i'm using also charge no interest rate.

great idea!

It's actually very catchy and addictive Idea. Consumer overspending is always in the best interest of business.

This is just a different form of a credit card without the benefits

I’d say the investors played the biggest role. I’d imagine you need huge capital to be paying merchants first in hopes the consumer pays you back or getting a profit from fees. Seems like a huge financial risk, I wonder what their balance sheet looks like.

@sajidam3463

3 жыл бұрын

Good point John

He looks way older than 30... take a look at 0:38. Either he's trying to change his image actively or he's got some kind of aging issue.

Hows this different from EMIs? Many retailers offer EMI purchases staggered as much as 12 months. And theyve been doing it for years.

1.Look the routine life problems relevant to country. 2.Present the solution. You are a billionaire

@tariqulislam7051

3 жыл бұрын

You are right tho in a way...

@SoulspliTV

3 жыл бұрын

Presenting is 1%, noone realizes how hard it is to actually make things come to life. That's where the real work happens, where they show their worth.

@revl6151

3 жыл бұрын

Just presenting the solution is enough? There are a lot of things wrong within a given country. You try presenting the solution and getting anyone at all to pitch in to the idea

In India v are using similar thing Called bajaj finance from past 5 years.

@surendrashekhawat4155

3 жыл бұрын

Yet U don’t see holes for Blockchain & Fintech in systems 😏

@sachinreddybappa1273

3 жыл бұрын

@@surendrashekhawat4155 but Indians are cautious to cryptocurrency they have less trust on them and moreover USA has anti crypto hacking system vch India lacks.

@surendrashekhawat4155

3 жыл бұрын

@@sachinreddybappa1273 doesn’t matter. Blockchain & Fintech is the future. Here in Ireland banks were ignorant & didn’t innovate and today they’re struggling and in 5yrs + they will go out of business lol

Crazy i was just doing an inventory using this service afterpay and spent $6k plus since 2018 use it responsibly

Amazing

It’s a credit product, they just found a regulatory loop hole to not be regulated as such. Merchants should be allowed to pass along the merchant fees to consumers so they see the real cost of using Afterpay like they do with credit cards at many restaurants that choose to pass on credit card merchant fees.

Amazing to see FinTech out of Australia 🙌

@surendrashekhawat4155

3 жыл бұрын

U should be thinking about Fintech or Blockchain in India, lot of holes in system & lot of opportunities in time condensing frames 🔑

ok, in a way it's like a credit card with a credit limit of under $1000 though can someone please explain who is underwriting these purchases in case of mass defaults? I am pretty sure Afterpay wouldn't have that much of money to cover mass losses so, are there banks involved in this as well?

What happens to credit rating?

30???? He looks 45!!!

I believe it is like the credit card business

@brandontea3815

3 жыл бұрын

Yeah... with much friendlier use hahaha

How much does the retailer pay? What is the fee to join after pay?

I don't get it. If I can't afford to pay for something in full upfront, why or how could I pay for it later? I mean if I could pay for it in full upfront, paying for it now or 4 months later shouldn't make too much of a difference.

@sandrarobertson8787

3 жыл бұрын

Not to mention that the cost of goods will increase. Where else will the merchants get the money from to pay for this service? So now you’re even less likely to be able to afford the product.

I don't know who needs to hear this you've got to stop saving invest some part of it if you really want financial freedom.

@robinsonjon8632

3 жыл бұрын

As a Forex trader,It's almost inevitable that you're going to experience some ups and downs along the way.Alertness and decisiveness are both fundamental ingredients in the recipe for a sucessful Forex trader

@robinsonjon8632

3 жыл бұрын

Contact her via Whatsapp cellphone 👇👇👇👇

@robinsonjon8632

3 жыл бұрын

+ 1 3 0 2 8 5 7 0 2 9 8

This isn’t a good thing for young people. Debt

@gabrieldolph508

3 жыл бұрын

Young people should understand the fact that.

We have a similar thing in Kenya just that they don't call it late fees. It's just interest lol.

Why do the founders own only 7% share each??

@sahilbisht447

3 жыл бұрын

probabaly heavly based on investory money, as its a credit based company (Am not sure) but 7% each is miserable , when a chinese company bought 5% share

@yugshah2808

3 жыл бұрын

Dilution because of fund raising

The banking credit system makes it all worse and a simple idea like this made it so simple!

This guy looks rough for 30. Hope those billions can put some youth back in him. Invented a not-credit-card and now has billions. There are many financing schemes available for consumers. This is nothing special, and something I would have expected the big creditor companies to already have dabbled in. Guess not.

@jayrollo1352

3 жыл бұрын

Well he didn't become a billionaire by just sitting around.

@mrnickb

3 жыл бұрын

Someone's bitter

He's got the classic rich guy smug smile.

I need some finincial help in case nicknis interested. I live on aruba

Sounds even worse than credit card companies. Fooling young people into debt 💸 trap

@tariqulislam7051

3 жыл бұрын

He's not foolin anyone around ,jus see in this way, suppose you wanted to buy a ps5 and you have got to money then what would you do? Take loans from someone ryt and then pay off at a later date but this company allows you to buy that with have installments plans with free installment fees, doesn't sound beneficial to you? Or would still aim for the loans from your friend or relative???

@varunnaik7015

3 жыл бұрын

they already addressed this in the video. You can't buy after one late payment and 90% of people pay on time. 87% of the company's revenue comes from the 4-6% fee they charge other companies. Next time, pay attention.

@tariqulislam7051

3 жыл бұрын

@@varunnaik7015 my bad bruh😅, think should have paid attention to when they read out the percentages and also those revenue stuffs.....

Nice video.

Sana ol Nick Molnar

Morgan Stanley making stock predictions one month out, is more speculation than investing lol

VRY INTERESTED PEOPLE R MORE DEBT TNX TO THIS KIND OF COMPANY

So... this is just layaway then, but condensed into an app?

"Nick, a commerce graduate from the university of Sydney ,Noticed that young people s spending habits were changing..

Making money is the plan and with Bitcoin your plans can accomplished.

@benjaminhenry1815

3 жыл бұрын

I had the opportunity to invest 2 years ago but was discouraged by relatives, and now I see many of my friends who have made lots of money in it.

@benjaminhenry1815

3 жыл бұрын

@Jenneth Patrick Please I'll need help on how to trade

@jacobmichael635

3 жыл бұрын

@Jenneth Patrick Are you also talking about marshall hector wilfred?

@jacobmichael635

3 жыл бұрын

@Jenneth Patrick I've heard of him but not really sure.

@samuelowen7673

3 жыл бұрын

@Jenneth Patrick Hello please I need help I've heard of this marshall hector wilfred and his great works please how can I easily contact him.

What the punishment if someone purposely didn't make payments? Block from the app only?

@alexanderg1935

3 жыл бұрын

I suspect the applicant is IDV/credit checked prior to being approved for an account. If they fail to complete the remaining three payments, afterpay might chase for the debt, but the main disincentive is losing access to the service. Most people would look to pay their debt as failure do so means being permanently ineligible for BNPL in the future.

@fubao99975

3 жыл бұрын

@@alexanderg1935 ya..i think this is not easy to get off the hook...

@surendrashekhawat4155

3 жыл бұрын

I don’t think customers use it for any big purchases. Probably for like shoes, cloths n stuff which they wanna buy in the moment out of excitement but hurts to pay at the same time #Mindplay illusion

Problems: (1) You can still wind up in debt through this deferred payment system. I'd argue it's actually probably EASIER to fall behind on these payments than a normal credit card. People don't naturally think in terms of "I make X dollars per week, therefore I can afford to spend (X-Y) dollars per week." (2) If you fall behind, you lose access to your spending tool. You can't buy groceries if you fall behind on your Apple Watch payments.

@melissa-jadewilliams8136

3 жыл бұрын

😂😂😂

Idk how this business model operates but a credit card type business model where there can be scammers or people who just disappear with the product and don’t pay the full price , leaving this business to foot the rest of the bill... Probably ban the consumer from using the service and idk probably send someone after the consumer? Idk but happened to be a billion dollar success... Buy now pay later...I have to read up on how this company operates... I DK how they convinced retailers to take on such a pay later idea... Usually you pay full price now and they hold your product until the full price is payed in case you tried to disappear with the product without having paid the full price... ?

This is just capital appreciation

His idea is not new. He just charges zero interest. Basically it is a free loan to consumers at the expense of business owners.

@0530628416

3 жыл бұрын

He didn't really transfer the risk or at least that is not what the business model is marketed He is taking full risk of the amounts Also remember that most of these goods cost 10 % or even less of their sale price . So if he gets them 25 % only they are already profiting where as in normal credit card you are starting from negative. This is the key to his business success on the side of stores. They want to sell more during the pandemic, even if it was "elegantly" discounted 75%.

Klarna dominates Afterpay. Afterpays app downloads plummeted inDec in the US. Not looking good for afterpay. Quadpay now downloaded more in the US

This concept is not new. Banks like Citibank and HSBC have been offering buy now pay later for years in Asia. You can pay in installment for up to 2 years without any interest and you also get rewards. How is this different?

Like a credit card?

Everyone is doing this now though .

@neelvaishnav2259

3 жыл бұрын

But Leaders are always ahed from the follower. Ps - if you can see the depth of the sentence

Buy now - pay later is literally the definition of "credit". Late fees? This is no debit card.

That's the spirit

Credit card without interest ?