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.
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.
Gosh, with such efficiency of operations consumers will win because pricing of their services will be more efficient! Todays Feds will try selling that story.
Trying to create a monopoly before the lack of antitrust enforcement window closes.
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.
I doubt Stripe is anywhere near the monopoly status.
No reason it can’t be broken apart in the future. States will likely file suit, as twelve already have regarding the Paramount Warner deal.
Paypal 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.
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
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.
[dead]
Gosh, with such efficiency of operations consumers will win because pricing of their services will be more efficient! Todays Feds will try selling that story.
PayPal owns Venmo, though.
So... I got banned from PayPal (with no explanation) and Stripe closed my account (with no recourse for 'crowdfunding' after linking to Ko-Fi).
Cool, awesome, that's gonna be a great monopolistic picture for those that get unbanked across the entire Internet.
2 poo companies
I mean less competition is probably not good for anyone.
Except for Stripe and other payment gateway companies, of course