5 ms·

Another monopoly continues to grow unabated.

• gruez 5y ago
  Payment processing is hardly a monopoly. As others have mentioned square and stripe are both viable alternatives.
  • nickjj 5y ago
    Stripe isn't a viable alternative if someone wants to pay using PayPal instead of a credit card. This is especially common for folks who want to make 1 time payments and don't have access to a credit / debit card or simply feel more comfortable using PayPal. PayPal is a monopoly on accepting payments by email addresses associated to a PayPal account. There is no alternative.
    • gruez 5y ago
      Sounds like the straightforward thing to do in that case is offer both options and get the consumer to pay the difference. Also AFAIK google pay and amazon pay offer similar service, but they're much less popular.
      • nickjj 5y ago
        Making the customer pay the difference is tricky because it would mean showing a different checkout price based on the payment method. What will probably happen is businesses will increase their prices across the board for everyone which is a win for the payment provider but a loss for both businesses and customers.
• graeme 5y ago
  Monopoly doesn’t mean “big company I dislike”. It has an actual definition and Paypal doesn’t meet it.