Bad debt blowout fuels massive Afterpay loss
Inside Retail
APRIL 12, 2022
The company’s operating expenses – in particular its bad debts – ballooned out from $72.1 Other rising expenses included a higher commitment to marketing the brand. The risk is then passed on to the BNPL company, which makes its money from a commission on transactions – and late payment fees. million a year ago to $176.8
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