Reading about Stripe’s stablecoin ambitions is funny. X uses Stripe, but Stripe on X doesn't accept my Bybit stablecoin cryptocard for a Pro subscription, ads, or boost purchases.
Stripe and Advent have made a joint offer to acquire PayPal – sources
101–110 of 333 posts
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#102Paypal 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.
In most countries, Wero is still in incubating stage. i.e., banks anouncing that in the next 3 years they will support it.
Of course it's not widely used by vendors when it's still in development. I am hopeful that it will take off to some degree in the nearest 5 years though.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#103Earlier quoted context omitted.
Of course, but that's the thing about "informal" agreements: presumably there's no record of it. Price collusion happens way more than most realize. I was at a trade show for my employer when a competitor walked up to our booth and out loud proposed that we should all fix our prices. We didn't of course, but the brazenness of saying something like that out in the open like was what surprised me.
The good thing about price collusion is that it's hard to coordinate. If even one competitor defects (and they have every advantage to, as they'll win big), then the cartel falls apart.
sounds like an org prisonner's dilemma
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#104Earlier quoted context omitted.
Wero is essentially iDeal. iDeal is great.
Great for merchants, not so much for consumers. Once the merchant has your money it's very difficult to get it back if things go wrong.
What is the alternative? I am not sure i can get my money back once they leave the card.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#105Earlier 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.
Wero is essentially iDeal. iDeal is great.
It is not. Wero has charge back support and therefor higher fees. There is quite some interest in Pay by Bank via PSD2 APIs. This is much more similar to iDeal and can work for the entire EU.
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#106Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#107Earlier quoted context omitted.
Of course, but that's the thing about "informal" agreements: presumably there's no record of it. Price collusion happens way more than most realize. I was at a trade show for my employer when a competitor walked up to our booth and out loud proposed that we should all fix our prices. We didn't of course, but the brazenness of saying something like that out in the open like was what surprised me.
The good thing about price collusion is that it's hard to coordinate. If even one competitor defects (and they have every advantage to, as they'll win big), then the cartel falls apart.
That assumes that
* it instantly brings them a ton of consumers * they have capacity to serve those customers
if they don't competitor can just keep higher price (especially if it is just small middleman fee most people might not care that much about)
And even if both of those are true worst possible case is them expanding to handle influx of customers and then competition following in few months, making their investment moot
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#108Earlier 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.
>FedNow There is no recourse if something goes wrong with FedNow, right? Like you get scammed, and the scammer just keeps the money. Seems like a pretty big difference (in theory anyway) to PayPal. Although I'm apparently not the right guy to ask, since I really don't see the use case for PayPal vs. credit card.
Regulation E applies to FedNow instant payments as it applies to payer recourse.
https://www.wolterskluwer.com/en/expert-insights/navigating-...
https://www.consumerfinance.gov/rules-policy/regulations/100...
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#109Earlier 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.
Sure they have ability, they are just not doing it often enough
Re: Stripe and Advent have made a joint offer to acquire PayPal – sources
#110Not good. Stripe makes restrictions that PayPal allows (cannabis adjacent, adult adjacent) that Stripe blocks. Many vendors will be negatively impacted by Stripes morality police and selective application of their policies.
In my experience, having worked at several large PSPs, it is Mastercard and Visa who are the morality police. Stripe are just enforcing the rules insisted on by them, and PayPal forgot about them 3 layoffs ago.