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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

#161

Post by edoceo »

root_axis wrote: post #133
edoceo wrote: post #127

Earlier quoted context omitted.

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 the…

Yes, hence the value of an acquisition that has found a way to service these lines of business very profitably. The tone of your original comment suggests you believe they're going to take over and start shutting off morally unacceptable money printers.

I'm sure that PayPal does serve them (first hand knowledge). I'm sure that Stripe selectively restricts them (first hand knowledge).

I do believe that Stripe will execute they same Stripe pattern in the merged company which will reduce choices in the market for businesses.

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

#162

Post by root_axis »

thephyber wrote: post #142
root_axis wrote: post #122

Earlier quoted context omitted.

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.

There are many bank and bank-adjacent companies who contractually enforce morals standards. It doesn't matter if the underlying reason for the morality is profit maximization, the effect is the same. You seem to care more about the aesthetics of the sentence than the meaning behind it. We know that a company is not a person. It doesn't have a consciousness. It doesn't have a singular morality to work with. It borrows…

> You seem to care more about the aesthetics of the sentence than the meaning behind it.

Excuse me for interpreting the comment as written, but either way, the comment only makes sense if you believe that Stripe is going to take over paypal and shutoff profitable lines of businesses based on moral principles - otherwise, what's the problem?

If you actually understand that this is all about money, then it's obvious that this is not going to happen.

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

#163

Post by hocuspocus »

whazor wrote: post #105
ahoef wrote: post #38

Earlier quoted context omitted.

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.

I've never used iDEAL but I assume the confusion comes from the fact checkout widgets (e.g. from Adyen) are transitioning from iDEAL to "iDEAL | Wero". I assume UX is the same, i.e. scan a QR code with your mobile wallet app?

If I understand correctly it's developed by the same people: Payconiq.

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

#164

Post by root_axis »

edoceo wrote: post #161
root_axis wrote: post #133

Earlier quoted context omitted.

Yes, hence the value of an acquisition that has found a way to service these lines of business very profitably. The tone of your original comment suggests you believe they're going to take over and start shutting off morally unacceptable money printers.

I'm sure that PayPal does serve them (first hand knowledge). I'm sure that Stripe selectively restricts them (first hand knowledge). I do believe that Stripe will execute they same Stripe pattern in the merged company which will reduce choices in the market for businesses.

> I'm sure that PayPal does serve them (first hand knowledge). I'm sure that Stripe selectively restricts them (first hand knowledge).

Correct. But do you understand why that is? What is the theory of mind you have that makes you believe Stripe would come in and shutting off paying customers?

> I do believe that Stripe will execute they same Stripe pattern in the merged company which will reduce choices in the market for businesses.

Why would they do that? This doesn't make any sense unless you actually think morals are involved.

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

#165

Post by edoceo »

reddalo wrote: post #139
edoceo wrote: post #114

Earlier quoted context omitted.

Then how do other processors go over the Visa and MC rails for these transaction types? How does Stripe allow some and then block others?

Simply put, Stripe doesn't want to deal with the risk associated with those transaction types.

I know it's about risk. Perhaps my point was not clear?

Simply put: Stripe selectively applies their own policy about "restricted" transaction types.

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

#166

Post by selfmodruntime »

benmorris wrote: post #89
nickjj wrote: post #65

I'm not sure I like this idea. Braintree is a legit competitor to Stripe. I'm guessing they have some informal agreement to keep transaction fees about the same but if they become 1 company, what's to stop Stripe from raising fees even more? 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 imp…

Braintree was a legit competitor, last time I checked they won't even onboard you if you don't have an established business grossing over 100k/yr.

Braintree also is and isn't compatible with the legacy PayPal stack, of which there are 3 layers, depending on whom you ask.

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

#167

Post by okanat »

Sayrus wrote: post #61
okanat wrote: post #46

Earlier quoted context omitted.

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.

Wero has a for merchant/commerce part that integrates with PSPs. For instance Adyen: https://www.adyen.com/knowledge-hub/wero But we aren't there yet.

I don't get why you pointed out that, to be honest. I'm not a merchant. I am a consumer.

As a consumer I would like to avoid Master Card / Visa as much as possible and also giving numbers out as much as possible. Paypal allows that and I don't need to use my phone to approve payments. Moreover payment systems that prioritize the needs of merchants usually are horrible for consumers. If Wero becomes such a platform, I will avoid it.

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

#168

Post by selfmodruntime »

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...

Everyone knows someone who has a story like this. Not a good look for a major PSP.

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

#169

Post by selfmodruntime »

ceautery wrote: post #129

If I worked for PayPal right now I'd be printing résumés. Stripe recently laid off 300 of their IT people. To paraphrase Petey Greene, I wouldn't trust them to wash my car.

I am so so glad to not be at either PayPal or IBM right now.

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

#170

Post by selfmodruntime »

ksec wrote: post #149

Paypal was worth near $50 when it IPO again in 2015, and it is still worth $50B today? And this isn't some inflated market cap either, apart from 2021 and 2022 they have been making $5B+ Net income in the past 6 years. I would love to dive into how Paypal makes money because that is an order of magnitude bigger than I thought. There must be some market in which Paypal is popular and culturally accepted as by default…

Competition is fierce and there's only so much innovation you can do as a payment service provider
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