Trying to create a monopoly before the lack of antitrust enforcement window closes.
I doubt Stripe is anywhere near the monopoly status.
Stripe and Advent have made a joint offer to acquire PayPal – sources
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Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#12Trying to create a monopoly before the lack of antitrust enforcement window closes.
In the US, PayPal has nowhere near the adoption of other countries, for making payments directly between accounts, and Visa and Mastercard have enough regulatory capture to ensure it stays that way.
If there wasn't a regulation-ensured duopoly, everyone would be switching to RTP or FedNow which each charge 4.5¢ per transaction, without an additional commission.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#13That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.
If it's a card-not-present transaction, Visa or MasterCard is making the bulk of the commission and forcing the vendor to take on the risk of a transaction without a PIN or password.
At least the others offer the hope that maybe some customers will pay directly from a Stripe/PayPal account, without the high commission and high risk of a Visa/MasterCard network transaction.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#14Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.
I have not tried Wero, but I have tried the german predecessor (paydirekt/giropay). It was ... not much less smooth than PayPal.
But I’ve only ever seen a single vendor offering it. 0 for Wero so far.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#15PayPal owns Venmo, though.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#16So... I got banned from PayPal (with no explanation) and Stripe closed my account (with no recourse for 'crowdfunding' after linking to Ko-Fi).
Cool, awesome, that's gonna be a great monopolistic picture for those that get unbanked across the entire Internet.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#17That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.
If it's a card-not-present transaction, Visa or MasterCard is making the bulk of the commission and forcing the vendor to take on the risk of a transaction without a PIN or password. At least the others offer the hope that maybe some customers will pay directly from a Stripe/PayPal account, without the high commission and high risk of a Visa/MasterCard network transaction.
Not true. Visa and Mastercard don't make the bulk of the commission. When a merchant pays a standard 2.9% + $0.30 fee on a credit card transaction the issuing bank gets roughly 1.5-2.5% for interchange, which is the bulk. The processor or acquirer gets anywhere from 0.2-0.5% and the card network gets only about 0.1-0.15.
Also, PayPal does not lower a vendor's commission. If they pay with a PayPal cash balance, PayPal still charges the merchant a premium flat rate (often 3.49%) and simply pockets the entire spread. They don't pass the savings down. And consumer's don't have a Stripe account to pay from, Stripe is probably aiming for PayPal wallets via this move.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#18Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#19Trying to create a monopoly before the lack of antitrust enforcement window closes.
In the US, PayPal has nowhere near the adoption of other countries, for making payments directly between accounts, and Visa and Mastercard have enough regulatory capture to ensure it stays that way. If there wasn't a regulation-ensured duopoly, everyone would be switching to RTP or FedNow which each charge 4.5¢ per transaction, without an additional commission.
What is the regulatory capture? Visa and master card have contract terms that ensure retail capture. That’s a private moat not regulation.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#20PayPal user for 20+ years and it is time to end that dross