2min chapter

The Accounting Podcast cover image

Square Buys Afterpay for $29B, Could Have Bought Xero for Less

The Accounting Podcast

CHAPTER

Credit Card Processing Fees - What Is After Pay?

After pay is basically like a individual, you know, credit card kind of purchase. My theory is that they make a ton of money from credit card processing fees. By buying this, they are hedging their bets. And it's something that's growing really fast.

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