Afterpay 'could hold on to tens of thousands' during lockdown, retailer says
Reading the story it seems some retailers are taking orders for stock they do not have and/or can not deliver and allowing people to pay over time using AfterPay.
AfterPay only pay sellers after goods have been delivered.
The retailers want AfterPay to take a risk and donate money to the retailers in the hope that in the future the retailer will actually deliver the goods, not go broke, abscond etc.etc.
AfterPay are sticking by their contracted obligations.
Based on the story the only argument the retailers have put forward is that AfterPay will hold on to significant amounts of money until the retailers fulfil their obligations and thereby gain some interest.
This is a front page story on Stuff.co.nz.
I can only assume the editor, journalist and, for that matter the complaining retailers, are Labour/NZF voters. No one else would be silly enough.
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