61–70 of 333 posts
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.
But we aren't there yet.
Do the processing fees really add up? Can't fathom that Stripe is big enough to buy PayPal, but maybe I'm just 10 years behind on this industry.
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 "Interne…
https://www.frbservices.org/financial-services/fednow/about....
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
https://www.justice.gov/archives/opa/pr/justice-department-s...
I'm not a fan of either to be honest, PayPal once told me I was wrong with something related to taxes and a bunch of different reps told me what I was saying and reported was impossible. Their tax division specialists also replied by email with big bold red letters outlining how it's not possible and that I'm wrong multiple times. They were contacted through support cases I opened with other reps on the phone since they aren't directly accessible on phone.
Then I said I was canceling my account with them if this wasn't resolved since it would have resulted in me needing to pay $400 to have my taxes amended. Long story short, after being ghosted for 3 months they replied to me saying I was right and they indeed had the impossible problem, then fixed their tax forms a week before taxes were due.
It's really bad that a random person on the internet discovered a huge issue with one of their partners and their instinct was to require ~10 hours of back and forth phone calls, multiple emails, me giving them the likely problem and solution on day 1 only to be lead on and ignored for months until the very last second.
Trying to create a monopoly before the lack of antitrust enforcement window closes.
I doubt Stripe is anywhere near the monopoly status.
Consolidation in this industry puts my ability to transmit money at greater risk.
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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.
But it's been confirmed they are merging with companies that are already B2C in their own countries to bring a european B2C system
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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...