3 ms·
Stripe as an acquirer does have bank relationships. Visa isn't paying the merchant directly.
by ElatedOwl 8y ago
Stripe 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.