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Stripe and Advent have made a joint offer to acquire PayPal – sources

reuters.com

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Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#41

Post by xp84 »

coredev_ wrote: post #31

Why, what is the play here? I know PayPal is used extensively in some countries (like Brazil?) but in most countries there are other/local services that have substantial market share and I do not think that PayPal can compete.

Don't forget Venmo - PayPal smartly gobbled that up many, many years ago, and it has a great amount of mindshare (though I don't know how profitable it is). Zelle popped up later and somehow has plenty of users, but unlike Venmo, Zelle is a steaming pile of sh*t of user experience, due to it being a consortium of all the famously-tech-backwards big banks, which stood it up out of fear and jealousy that those "Internet" guys might find a way to disintermediate them somehow.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#42

Post by wyre »

ck2 wrote: post #26

I 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?

According to Wikipedia they hold $80 billion in assets.

They also hold a lot of financial data of its users, which is certainly worth more than anything that could ever make sense to my pleb brain.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#43

Post by muvlon »

coredev_ wrote: post #31

Why, what is the play here? I know PayPal is used extensively in some countries (like Brazil?) but in most countries there are other/local services that have substantial market share and I do not think that PayPal can compete.

Interesting that you'd mention Brazil. I consider it one of the very few examples of countries successfully replacing PayPal with a publicly owned service. Pix is ubiquitous in Brazil and has been for years. It has not only displaced PayPal but also cash and (in large parts) Visa/MasterCard, even in the face of US tariff threats.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#45

Post by [deleted] »

charlieyu1 wrote: post #24
digitaltrees wrote: post #19

Earlier quoted context omitted.

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

[deleted]

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#46

Post by okanat »

mertbio wrote: post #9

Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.

Paying with Paypal is as easy as logging in. With Wero/iDeal you always need a phone or a code. People trust PayPal more too.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#47

Post by xp84 »

bluedevil2k wrote: post #25
SOLAR_FIELDS wrote: post #6

Earlier quoted context omitted.

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.

Just a couple of months ago, someone was still suing[1] to block Alaska Air/Hawaiian. This is a merger that already entirely went through. I would predict equal likelihood of some state lawsuit derailing a merger like this.

[1] https://viewfromthewing.com/passengers-demand-court-undo-ala...

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#49

Post by Semaphor »

LelouBil wrote: post #28
solarkraft wrote: post #14

Earlier quoted context omitted.

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.

That is what keeps confusing me when people hype wero. It essentially (I think some limited trials?) doesn't exist for B2C, and sending money to friends is a very minor use case.

So once it has really broad support and can be used as merchant, is when it'll maybe become interesting.

Re: Stripe and Advent have made a joint offer to acquire PayPal – sources

#50

Post by bastawhiz »

nolok wrote: post #34
charlieyu1 wrote: post #20

PayPal user for 20+ years and it is time to end that dross

Nah, I hate them with a passion as a merchant but I absolutely love them as a buyer and customer. There is a reason why after all these years and other solutions they're still everywhere, and it's not because of their great tooling, their low fees or their awesome support for merchant. It's not because of market lock in either, at least here in Europe they're merely a middle man between my credit card or sepa bank ac…

As a buyer I don't trust Paypal. They use dark patterns to try to get me to sign in, then make it hard to sign out, and for whatever reason my account is wedged and even though it has the correct payment details, the payments all fail. The UI is antiquated and the embedded version that has the animated progress bar GIF is sketchy at best. The Venmo app (which Paypal owns) is jammed with crappy ads and an often-broken UI.
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