### Comment:
Work it out with your model.  If you don't think GPV or larger seller GPV is important to a payments co, well... 
  
 Having larger sellers improves margins by a lot. So much opex is used for onboarding and support of smaller customers. With larger customers they can pull back on spend and see the contributions to margins rise.

### REPLY:
Explain to me how 37% growth yoy is 'on decline'.

### END.