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RBA delivers win for BNPL providers like Sezzle (ASX:SZL) Marc Sidarous
In good news for buy now, pay later (BNPL) operators such as
The news could be music to the ears of investors in popular BNPL companies, like Sezzle,
Zip Co Ltd (ASX: Z1P), who may be concerned over increased regulation of the sector.
Let’s take a closer look at today’s news from the RBA.
Background
As Motley Fool reported in March, The RBA has been considering banning the common practice of BNPL providers preventing vendors from passing on any of their merchant fees to the end customer. BNPL operators can charge comparatively high merchant fees that can be up to 8x as much as those charged by credit or debit cards.