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I think it's cool that VISA is trying to innovate in the space, but I'm not sure of the target audience for these APIs. For most businesses, you're probably be
by Patrick_Devine 11y ago
I think it's cool that VISA is trying to innovate in the space, but I'm not sure of the target audience for these APIs. For most businesses, you're probably better off integrating to Stripe and not having to deal with Gateways or Merchant Accounts.
Speaking of which, VISA should just buy Stripe.
- foota 11y agoMaybe high volume processors looking for reduced fees?
- Patrick_Devine 11y agoRight. That was my thought, but that's going to be a diminishingly small set of customers. Why go through the hassle of opening it up to everyone? I suppose it's "hip" to have a cool bootstrappy website and an API that anyone can use, but it's just not super useful for most businesses.
- foota 11y agoGranted it may be a diminishing set, but regardless of the size of the set it seems they would be a large portion of the business? Some sort of 90 10 rule.
- matzipan 11y agoSee comment above (https://news.ycombinator.com/item?id=11038588 https://news.ycombinator.com/item?id=11038588). Visa invested in Stripe.
- jesseangell 11y agoStripe is a gateway. They communicate with processors. The processors handle authorization/settlement between the issuer and acquirer.