This particular article pertains to the logistics behind “buy now, pay later” service companies. The companies labeled in the piece are AfterPay, Zippay, and Oxipay. The author explains that these companies will allow vendors to sell products who need them in a more urgent manner. These companies are attempting to operate in a niche market that is seemingly emerging in Australia. The one dominant leader between these three companies is AfterPay. The Australian public have provided a higher rate of interest in the company than the other two. The author discusses the reason behind AfterPay”s success by stating that AfterPay includes promos and other specific features.
- Lay-by is not a good alternative if a customer needs something immediately
- Afterpay is the market leader in this new field for payment
- Afterpay also offers promotions to their customers, where Zippay and Oxipay so far have not
“What I do agree with is that these services are a credible alternative to Lay-by if the merchant is willing to lose 3% to 4%. Although I do not see any legal problems with the merchant adding these charges on top, although I am sure these services and the public will not like them doing this, but if they did this, it would cost them nothing.”