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Afterpay is arguing against being regulated as a payment company - Business Insider

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If merchants gain the ability to add surcharges for orders that use buy now, pay later products, it could damage one of the BNPL industry's core values

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To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. These fees are reportedly a key revenue driver for Afterpay, which generally charges merchants between 3% and 6% of the purchase. Afterpay is currently able to prevent merchants from adding surcharges to account for its fees, something they may do for card networks' merchant fees.

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