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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

#181

Post by axus »

bdcravens wrote: post #94
paytonjjones wrote: post #86

Earlier quoted context omitted.

> informal agreement to keep transaction fees about the same This would be like, ridiculously illegal. It's also not practical; if you can steal customers, the incentive to undercut is very strong.

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.

I thought that only happened in hilarious corporate training videos

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

#182

Post by digitaltrees »

brikym wrote: post #132
digitaltrees wrote: post #2

Trying to create a monopoly before the lack of antitrust enforcement window closes.

If there is a cartel it's at the Visa & Mastercard layer surely.

I agree with this for in-person payments. But surely stripe has a monopoly on development api payments and PayPal on e-commerce. What i would expect is that visa Master card try to buy the stripe/PayPal.

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

#183

Post by root_axis »

edoceo wrote: post #177
root_axis wrote: post #164

Earlier quoted context omitted.

> 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…

Stripe only accepts the ones where there is cross-over and relationships between high-level employees and investors. They restrict the ones that are smaller and independent. I think that Stripe will shut off paying customers BECAUSE I HAVE SEEN THEM DO IT. That is what first hand knowledge is. The thing that really doesn't make sense is that Stripe selectively applies their written terms of service and policies. Do y…

> I think that Stripe will shut off paying customers BECAUSE I HAVE SEEN THEM DO IT. That is what first hand knowledge is.

You are overindexing on your anecdotal experience to draw conclusions that make no sense. Paypal earns roughly 6x the net revenue of Stripe while processing a similar volume of transactions. Paypal has obviously figured out how to service these businesses profitably, yet for some reason you think Stripe would throw away billions for no reason.

Make that logic make sense.

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

#184

Post by digitaltrees »

PaulDavisThe1st wrote: post #147
reddalo wrote: post #140

Earlier quoted context omitted.

I can't wait for Europe to come up with an alternative for Visa & Mastercard. European business pay a "hidden" tax to the US on everything, in the form of Visa & Mastercard commissions.

Which (a) the EU can and does regulate (b) the majority of the commission goes to the issuing bank. I hate feeling as if I'm defending Visa or Mastercard, but if we're going to attack them, let's get our storytelling correct first.

That's fair but it does end up flowing through the US right?

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

#185

Post by root_axis »

edoceo wrote: post #173
root_axis wrote: post #162

Earlier quoted context omitted.

> 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 th…

As written Stripe has "morality police" - do you think that is a real thing? We all know it's a risk thing; we all know it's a money thing. And from experience I think it will happen. It will match Stripes current behavior pattern - regardless if their motive is money or morals. In fact, I think it will happen because it's obvious it is about money.

So your prediction is that Stripe will throw away billions for no reason based on your anecdotal experiences.

I'll take the bet that you're totally wrong.

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

#186

Post by threecheese »

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.

This presumes that they won’t maintain those, which would be a valid choice to maintain PayPal’s market penetration (if that’s the goal). Diverse offerings etc

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

#187

Post by digitaltrees »

toomuchtodo wrote: post #99
pessimizer wrote: post #93

Earlier quoted context omitted.

You mean that Paramount-Warner deal that people waited and let happen so they could break it up in the future?

The deal that a low regulatory executive administration is supporting, while states attempt to prevent it (acting in place of what one would expect from an appropriately functioning Dept of Justice and FTC) until regime change. Midterms are approaching, and this admin has a bit more than two years left. Some folks involved are either at, or beyond, human life expectancy as well. Sort of but not quite similar to Brexi…

Except the general trend has not been equal degrees of snap back but rather a general trend towards market consolidation, deregulation, lowering taxes and eliminating anti trust enforcement. If we went back to the regulation immediately post world War this country would feel profoundly different.

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

#188

Post by dawnerd »

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.

PP has worked amazingly well for me over the years, second to Amex. It's weird they wouldn't side with you, 3 months is well within their 180 day period.

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

#190

Post by khurs »

The future is direct payments without middlemen.

So consolidation of these legacy players is not unexpected - their revenue whilst sizeable is going to continually decrease every year as people use cards less (Many countries have/are rolling out their domestic app2app or bank2retailer payment system).

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