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You don't understand payments if you think they can just replace Visa/Mastercard. The whole value add of Visa/Mastercard is the networks they have with the hund
by docker_up 8y ago
You don't understand payments if you think they can just replace Visa/Mastercard. The whole value add of Visa/Mastercard is the networks they have with the hundreds of thousands of banks, etc, which Stripe doesn't have.
- ElatedOwl 8y agoStripe as an acquirer does have bank relationships. Visa isn't paying the merchant directly.
- abalone 8y agoDifferent kind of bank relationship. There are two banking roles involved in card networks: merchant acquirers and consumer card issuers. Visa/MC are the intermediary between them. Stripe only partners with a merchant acquirer bank. To replace Visa/MC they'd also have to get into the card issuing side of things: get a bank or banks to issue "Stripe cards" and get merchants to start accepting them.