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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

#121

Post by codexon »

dqv wrote: post #51
nolok wrote: post #34

Earlier quoted context omitted.

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…

Nah I thought I liked PayPal as a customer until I found out that they favor large merchants against the consumer. I had a problem with a product and the company was playing games with the warranty. I only had it for 3 months and it was already falling apart. I made a complaint with PP and it was auto denied. I will never use PP for a large purchase again.

I don't know about recently, but for many years paypal automatically sided with the customer.

We had many customers that would buy a 1 month sub then chargeback the whole amount after using it heavily for a few days or right before renewal, with a nonsense reason like "item not as described" or "unauthorized charge".

We lost every single case.

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

#122

Post by root_axis »

edoceo wrote: post #97

Not 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.

Why do people think this? Since when do giant corporations care about morals?

As usual, everything is about money. You can be sure that part of the interest in a paypal acquisition is paypal's consumer wallet product which allows them to extend into lines of business that are currently constrained by Stripe's model.

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

#124

Post by peterspath »

geden wrote: post #95
novia wrote: post #82

Earlier quoted context omitted.

Paypal offshored all of their support staff.

They've been abysmal and borderline criminal since the start. They randomly withheld £20k from a business I was involved with for no stated reason and no direct means to talk to a human about it. It took months to resolve. And as for their actual website...

Why would you keep any money on PayPal. It’s just a pass-through to your bank account, accepting payments without giving your bank details to strangers on the internet.

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

#126

Post by decimalenough »

root_axis wrote: post #122
edoceo wrote: post #97

Not 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.

Why do people think this? Since when do giant corporations care about morals? As usual, everything is about money. You can be sure that part of the interest in a paypal acquisition is paypal's consumer wallet product which allows them to extend into lines of business that are currently constrained by Stripe's model.

It's not about morals, it's about regulatory heat and risk. Cannabis in the US remains illegal on the federal level, and the chargeback rates on adult services are through the roof.

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

#127

Post by edoceo »

root_axis wrote: post #122
edoceo wrote: post #97

Not 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.

Why do people think this? Since when do giant corporations care about morals? As usual, everything is about money. You can be sure that part of the interest in a paypal acquisition is paypal's consumer wallet product which allows them to extend into lines of business that are currently constrained by Stripe's model.

Or, because as you say it's money (I agree) the Stripe will put their "morals" in place - with the financial result they reduce risk, get less chargebacks and lower costs - then pass the savings on to the C-suite.

Morals, generously interpretation of the usage, was just to indicate that Stripe has a more narrow risk window.

Only an idiot would think it was about actual human-grade morals or ethics. Let alone that there were actual morality police.

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

#130

Post by naet »

pc86 wrote: post #87
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

Do you have any evidence that you can just bribe your way past antitrust regulations (which are enforced by hundreds or maybe even thousands of attorneys across the political spectrum) or is this just how you feel because you don't like who is in the White House right now?

I was curious so to get a very rough ballpark figure. So I went to the Wikipedia List of largest mergers and acquisitions article (https://en.wikipedia.org/wiki/List_of_largest_mergers_and_ac...)

Added up all the free market enterprise section completed deals where the purchaser was indicated as US based

Obama era:

2009: 6,

2010: 1,

2011: 4,

2012: 1,

2013: 4,

2014: 5,

2015: 7,

2016: 6

Trump term 1:

2017: 4,

2018: 8,

2019: 13,

2020: 7

Biden term:

2021: 4,

2022: 4,

2023: 7,

2024: 4

Trump term 2 so far:

2025: 11*,

2026: 9*

Obama average: 4.25 / year

Biden average: 4.75 / year

Trump term 1 average: 8 / year

*Most of the last two years are indicated as still pending, so not sure if they will go through or not.

Not exactly the most scientific data gathering or study. But it does suggest that large mergers and acquisitions have generally been made more frequently under Trump.

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