I've been wondering about this since it came up in my newsreader that they wanted to acquire PayPal. Seemed like odd timing to me given PayPal has been questionable but necessary in a lot of cases for online businesses in international payments.
In Canada, we use Interac for more ordinary payments between ourselves, and the usual credit cards through card processors like Moneris or bank provided services in physical stores. I can imagine fewer uses for PayPal as time goes on, especially with the accelerated change driven by geopolitics. Visa and Mastercard may be at risk internationally for other countries seeking to keep payment processing entirely in their own yard.
This matter in particular made me wonder how things will go for Stripe going forward with these policy changes that may impact credit cards.
I'd love to delete my PayPal account and never log in again, but the use case for me right now is mostly that companies (outside Canada, and outside NA in most cases) usually only accept payment with PayPal.
rekttrader 1 hours ago [-]
Diligence told them they’re buying a almost dead payment processor with ancient tech. Customer lists are worth something but not that much.
sho_hn 17 minutes ago [-]
Curious to hear from someone who watches this space. What makes them dead?
It's still the only consistently supported thing I encounter online.
I'm aware things like Wero are poised to shake things up, but still have no real idea about timeline and impact.
enos_feedler 1 hours ago [-]
Elon bought a dead social network and look at him go! But seriously, I log into paypal once a month to pay my landlord. I am a MAU. That is crazy. It’s more then I can say for ABNB. Maybe they should buy Paypal. Save on those transaction fees.
SllX 7 minutes ago [-]
I wish Twitter had been dead when Elon bought it, but no, Twitter was far from dead. X actually has fewer MAU as far as I can tell[1], and I wouldn’t call it dead either.
[1]: Seriously though, I can’t find good data I trust on this so correct me if you’ve got a good source saying otherwise, or even if someone has something substantiating this better I would take that too.
darth_avocado 13 minutes ago [-]
The social network is more dead than when he bought it. Wouldn’t need the an acquisition first by an ai company and then a space company to hide its worth.
allears 14 minutes ago [-]
Stripe is tiny compared to Paypal, and the dodgy Stripe CEO was trying to do some wildly creative financing and work the social media memes in an effort to pull this transaction off. Wall St. basically thought it was stupid and wouldn't support it. Glad he finally gave up -- he certainly got his money's worth of free publicity out of it.
jey 6 minutes ago [-]
None of this makes sense or is supported by the facts. Stripe is reportedly valued at $159B, PayPal's market cap is currently $52.59B, and your claims about memes and Wall St are asserted without any citations or facts.
In Canada, we use Interac for more ordinary payments between ourselves, and the usual credit cards through card processors like Moneris or bank provided services in physical stores. I can imagine fewer uses for PayPal as time goes on, especially with the accelerated change driven by geopolitics. Visa and Mastercard may be at risk internationally for other countries seeking to keep payment processing entirely in their own yard.
This matter in particular made me wonder how things will go for Stripe going forward with these policy changes that may impact credit cards.
I'd love to delete my PayPal account and never log in again, but the use case for me right now is mostly that companies (outside Canada, and outside NA in most cases) usually only accept payment with PayPal.
It's still the only consistently supported thing I encounter online.
I'm aware things like Wero are poised to shake things up, but still have no real idea about timeline and impact.
[1]: Seriously though, I can’t find good data I trust on this so correct me if you’ve got a good source saying otherwise, or even if someone has something substantiating this better I would take that too.
1 month ago: Stripe and Advent have made a joint offer to acquire PayPal – sources https://news.ycombinator.com/item?id=48915953