227 – Nick Molnar of Afterpay – Now and Later
Fashion Is Your Business - a retail technology podcast
English - April 03, 2018 14:30 - 16 minutes - 15.5 MB - ★★★★★ - 94 ratingsFashion & Beauty Arts News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Online payment method that allows you to pay for your online purchases after receiving them with Afterpay...
Nick Molnar, co-founder and CEO of Afterpay Holdings Ltd (allows you to enjoy your shopping now and pay it off in 4 fortnightly interest free installments) joins Pavan Bahl and guest host Paul Greenberg (NORA Network – Episode 213) at NRF Big Show. MouthMedia Network is powered by Sennheiser.
In this episode:
How Afterpay processes payments for 25% of all payments to retailers coming online in Australia
How Afterpay came about, and Molnar came from a retail background, with his family in jewelry, a neighbor was running one of biggest investment funds in company, they partnered, and it was like fate coming together
The customer pays installments without a financing fee, retailers are charged a small fee, Afterpay pays the retailer next day and takes on all the risk
The average order value of $150 (every day transactions), how Millennials use debit cards more and more in the new age of budgeting tools
A focus on fashion, beauty, toys, etc.
NORA Network is here to showcase successes
Value has been driven by Afterpay partnering with some of the biggest retailers in Australia such as Sephora
How the psychology is wanting to feel better about buying apparel, a par of shoes, etc.After pay charges 4-6% depending on volume, the company is 18 months old, and what they’ve seen that is incremental growth
Conversion is very strong up as much as 20%, often generating additional purchases
How Afterpay is a payment processor with a cult like following
Getting customers to advocate for retailers to accept Afterpay, now second behind Google in generating traffic for retailers in Australia
Helping American retailers in America
Afterpay’s 250 people in Australia
See omnystudio.com/listener for privacy information.
Online payment method that allows you to pay for your online purchases after receiving them with Afterpay...
Nick Molnar, co-founder and CEO of Afterpay Holdings Ltd (allows you to enjoy your shopping now and pay it off in 4 fortnightly interest free installments) joins Pavan Bahl and guest host Paul Greenberg (NORA Network – Episode 213) at NRF Big Show. MouthMedia Network is powered by Sennheiser.
In this episode:
How Afterpay processes payments for 25% of all payments to retailers coming online in Australia
How Afterpay came about, and Molnar came from a retail background, with his family in jewelry, a neighbor was running one of biggest investment funds in company, they partnered, and it was like fate coming together
The customer pays installments without a financing fee, retailers are charged a small fee, Afterpay pays the retailer next day and takes on all the risk
The average order value of $150 (every day transactions), how Millennials use debit cards more and more in the new age of budgeting tools
A focus on fashion, beauty, toys, etc.
NORA Network is here to showcase successes
Value has been driven by Afterpay partnering with some of the biggest retailers in Australia such as Sephora
How the psychology is wanting to feel better about buying apparel, a par of shoes, etc.After pay charges 4-6% depending on volume, the company is 18 months old, and what they’ve seen that is incremental growth
Conversion is very strong up as much as 20%, often generating additional purchases
How Afterpay is a payment processor with a cult like following
Getting customers to advocate for retailers to accept Afterpay, now second behind Google in generating traffic for retailers in Australia
Helping American retailers in America
Afterpay’s 250 people in Australia
See omnystudio.com/listener for privacy information.