Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.
I don't know if popular is quite the right word. It certainly is widely used though...
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
#22So... 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.
I've been thru 3 or 4 'lifetime' bans with PayPal. Just ask to be reinstated during the next big shakeup (now) and they'll let you back in. They want your money. They want your business. The exact same things you couldn't sell 25 years ago, the things that got you banned, are now listed online without care. They literally forget.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#23That 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.
>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.
3DS2 is the solution to that problem.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#24Earlier quoted context omitted.
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.
What’s stopping a new competitor to come in apart from regulations? You would expect someone already trying that given how profitable it is
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#25That 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.
Convince who? There is no such thing as antitrust anymore in the USA, it’s merely the size of the bribe required to let the merger go through now
States have the ability to sue to block mergers as well as the federal government. See the recent 11 state lawsuit seeking to block the WarnerMount merger.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#26I really do not grasp business when PayPal is somehow worth over $50 Billion
It doesn't have assets? It's not a bank
Is it because PayPal is integrated already into so many websites?
Wouldn't it take decades to make back $50 Billion in fees?
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#27Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#28Paypal 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.
I don't think vendors can offer Wero yet. I think it's part of the merger with other European companies.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#29That 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.
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Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#30I really do not grasp business when PayPal is somehow worth over $50 Billion It doesn't have assets? It's not a bank Is it because PayPal is integrated already into so many websites? Wouldn't it take decades to make back $50 Billion in fees?
It's a bank in Europe