This was posted 4 years 1 month 1 day ago, and might be an out-dated deal.

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[Latitude Pay] Hyrule Warriors: Age of Calamity - Nintendo Switch $48 @ Catch and Harvey Norman

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Harvey Norman
Harvey Norman
Catch.com.au
Catch.com.au
Marketplace

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  • +1

    Can someone explain me how is Latitude pay or Afterpay etc? What is the ‘catch’? What is their profit model? I kinda guess they make money via transit/interest, but given the record cash rate would they survive?

    • +2

      a) They charge the business/seller a fee.
      b) late fees/missed payment fees for customer/buyer

    • +2

      They charge a fee whenever a customer pays via their service (fee is paid by the store). There’s also the late fees if the customer fails to make repayments. I think the former is their main source of income

      • Penalty few were 25% of their income in 2018 I think, seen a few reports lately of a lot of people getting into credit troubles with so many pay later schemes around and all so accessible

  • + Delivery (~$6)

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