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The large payment providers have a banking license you can’t really grow without it that’s your hook into the credit card industry. PayPal, Stripe and the rest
by dogma1138 8y ago
The large payment providers have a banking license you can’t really grow without it that’s your hook into the credit card industry.
PayPal, Stripe and the rest are their own https://en.m.wikipedia.org/wiki/Acquiring_bank https://en.m.wikipedia.org/wiki/Acquiring_bank which means they can process the payment themselves.