Stripe acquires Lemon Squeezy

Post by JohnFen » Mon, Jul 29, 2024, 2:09 AM UTC

AnthonyMouse wrote: post #158

sanswork wrote: post #98

Earlier quoted context omitted.

All you're doing is moving the risk from the business to the consumer with crypto which is why it will never succeed. Consumers like all the things businesses hate about credit cards because they can get their money back if something goes wrong and when it comes to payments the customer decides who wins.

> All you're doing is moving the risk from the business to the consumer No, most of the merchant's risk with credit cards is from the design of credit cards. You have to give your payment info to every merchant but if any one of them loses it then anyone who gets it can use it at any other merchant. Then some merchant you've never heard of has bad security, criminals get cards from there and use them to buy things fr…

Post by teresasovinski » Mon, Jul 29, 2024, 2:44 AM UTC

Post by nailer » Mon, Jul 29, 2024, 3:22 PM UTC

danielmarkbruce wrote: post #199

nailer wrote: post #193

Earlier quoted context omitted.

Sure: retail payments or international remittance - find the cheapest tradfi provider and we’ll go from there.

ACH costs zero and some retailers accept it and more and more now with FedNow. International remittance - atlantic money does $3 or something flat. By the time you get your cash into a crypto exchange and out, you are hosed for more than $3. If you can be bothered to open an account with someone like Interactive Brokers (yes, a traditional online stock brokerage) you can do it for about zero - you get wholesale FX pr…

Post by AnthonyMouse » Mon, Jul 29, 2024, 10:48 PM UTC

JohnFen wrote: post #201

AnthonyMouse wrote: post #158

Earlier quoted context omitted.

> All you're doing is moving the risk from the business to the consumer No, most of the merchant's risk with credit cards is from the design of credit cards. You have to give your payment info to every merchant but if any one of them loses it then anyone who gets it can use it at any other merchant. Then some merchant you've never heard of has bad security, criminals get cards from there and use them to buy things fr…

> The reason most customers don't use cryptocurrency is that the government made it high friction for ordinary people to buy it. That's certainly not the reason I hear from people.

Post by devwastaken » Tue, Jul 30, 2024, 12:19 AM UTC

danielmarkbruce wrote: post #208

devwastaken wrote: post #206

Earlier quoted context omitted.

Change doesn't come from placation of an existing system.

The difficulty of their situation (ie threading the needle on providing value while toeing the line from a reg and stakeholder standpoint) is good for them. They don't want it to change. This is 101 stuff in business.