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A 'merchant account' can be had by anyone relatively quickly at almost any bank. It would only be a hurdle for the tiniest of 1-2 person operations and a minor
by sonnyblarney 8y ago
A 'merchant account' can be had by anyone relatively quickly at almost any bank. It would only be a hurdle for the tiniest of 1-2 person operations and a minor one at that.
I think Stripe did a good job, but I don't think it's anything but a better-mousetrap here, and not one that's going to change anything fundamentally, architecturally etc.
AirBnB, Uber, Facebook, Twitter - for better or worse they really changed things. Even Dropbox lead a new kind of 'persona cloud storage' movement, which is a change. Stripe ... not so much.
- wolco 8y agoGoing to a bank? That mean't you had to be all in (business registered) and pay high fees. Stripe did change the way smaller companies did business. But Paypal allowed anyone to accept payments.
- sonnyblarney 8y ago"That mean't you had to be all in" if your business is not registered, you're not a business. Seriously, that's a small hurdle. I'll bet the long tail of unregistered business revenue from Stripe is very small, and likely overshadowed by just a few large enterprise accounts.