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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

#281

Post by mbesto »

dlcarrier wrote: post #13
chirau wrote: post #3

That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.

If it's a card-not-present transaction, Visa or MasterCard is making the bulk of the commission and forcing the vendor to take on the risk of a transaction without a PIN or password. At least the others offer the hope that maybe some customers will pay directly from a Stripe/PayPal account, without the high commission and high risk of a Visa/MasterCard network transaction.

> Visa or MasterCard is making the bulk of the commission

They are not. Payment facilitators (like Stripe) are.

https://images.prismic.io/sacra/30d7bd58-8149-461e-a3c2-8a4a...

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

#282

Post by jack_pp »

account42 wrote: post #254
hakfoo wrote: post #240

Earlier quoted context omitted.

3-D Secure has been a fiasco IMO. I can recall when we first tried 3DS in the US and it went over like a lead balloon. Let's jump out of the middle of checkout and go to a page which looks like they're trying to phish your bank account to continue, and by the way, you can just skip it. So customers did, and then merchants followed, except in countries that effectively required it because they cared about fraud. One o…

It's also stupid because most people already have a bank app as 2FA so they could just make approve payments there. And this functionality exists or at least existed but I can count the number of times I have seen it on one hand. Instead my bank went back to randomly denying transactions based on questionable heuristics.

that's how it works in my country, though there are no denies, almost 90% of transactions over 20-30$ will require I go into my bank app and confirm it.

rarely a big transaction will go through without 2FA but I've never had a transaction declined outright without first asking me to 2FA from the bank app

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

#283

Post by mlrtime »

SOLAR_FIELDS wrote: post #6
chirau wrote: post #3

That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.

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

How is Spirit airlines doing with your witty remark?

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

#284

Post by martypitt »

yuppiepuppie wrote: post #273
dedoussis wrote: post #211

Earlier quoted context omitted.

What if you are a merchant that needs to sell to O(10) countries? Integrating with each country's domestic payment rail is not feasible.

Payment Orchestrators help solve this problem. source: I work at https://primer.io

FYI - I tried visiting your site. In Chrome (tested in Incognito as well), I get a massive white space at the top, with a vertical scroll. If I scroll far enough, I see the site.

Worked fine in Firefox.

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

#285

Post by bellgrove »

khurs wrote: post #190

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).

As a consumer what is the incentive to not use a card? In North America, at least, there are points programs that heavily incentivize my usage of credit cards plus other benefits like travel insurance. I also trust in the consumer protections that the major credit cards offer. On the flip side, merchants incur a fee but I doubt that even in a world with all direct payments that they would pass any savings along to the consumer.

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

#286

Post by n4r9 »

KaiserPro wrote: post #267
khurs wrote: post #190

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).

> The future is direct payments without middlemen. direct payment can be good, but thats only part of the service. First, this is not a "card vendors are good" they are a large buisness entity, with their own motivations. Visa/mastercard are outsized and should have proper competition. THe point of card vendors in the modern era is to provide credit and protection for both consumers and buisnesses. Credit is provided…

In the UK you can send someone a Monzo link allowing them to pay directly and instantly into your account.

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

#287

Post by SmolSpideritito »

nolok wrote: post #34
charlieyu1 wrote: post #20

PayPal user for 20+ years and it is time to end that dross

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…

You're lucky that isn't Australia/SEA and you don't have to deal with Ezypay

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

#288

Post by petcat »

KaiserPro wrote: post #267
khurs wrote: post #190

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).

> The future is direct payments without middlemen. direct payment can be good, but thats only part of the service. First, this is not a "card vendors are good" they are a large buisness entity, with their own motivations. Visa/mastercard are outsized and should have proper competition. THe point of card vendors in the modern era is to provide credit and protection for both consumers and buisnesses. Credit is provided…

> But, in the US your level of direct payment options are frankly shite.

This is completely untrue.

> In india, direct transfer is free and mostly instant, same in the UK/EU.

Zelle is an instant payment-by-email network created by the US banks and is accepted basically everywhere.

And there are still other options like FedNow.

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

#289

Post by charlieyu1 »

socalgal2 wrote: post #205
charlieyu1 wrote: post #24

Earlier quoted context omitted.

What’s stopping a new competitor to come in apart from regulations? You would expect someone already trying that given how profitable it is

Yea, I think you have this one backward? it's lack of regulation that allows Mastercard and Visa to say "if you do try to use some other payment process you can't use us". Since MC and Visa own all of it, no business can take that hit to their customer base Some other countries don't have this issue for various reasons.

Is it a US thing? In many countries there are definitely different payment systems accepted by merchants, just not card based and/or directly linked to a bank account.

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

#290

Post by carlosjobim »

account42 wrote: post #257
carlosjobim wrote: post #131

Earlier quoted context omitted.

> what's to stop Stripe from raising fees even more? There's a big amount of competitors for card processing. Just because they aren't well known within tech circles doesn't mean they don't exist.

There are many card processors but how many of them provide services equivalent to stripe?

There are many burger chains, but do any of them serve Big Macs like McDonald's?

No, so that means McDonald's can charge 500 dollars for a burger, or does it?

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