5 ms·
Stripe’s reach as a processor probably isn’t broad enough to see those kinds of trends. Their processing fees are quite high so there’s huge industry sectors th
by spamizbad 4y ago
Stripe’s reach as a processor probably isn’t broad enough to see those kinds of trends. Their processing fees are quite high so there’s huge industry sectors that will just never touch them.
- bastardoperator 4y agoI don't know why you're getting downvoted because everything you said is 100% true. Stripe is small time when it comes to merchant services.
- tomnipotent 4y agoStripe processes in the area of $350-400bln annually, which is equivalent to about 1/10th the GDP of the U.K. That's absolutely enough volume to see macro trends as it relates the classes of merchants they support.
- spamizbad 4y agoFIS, which I don't even think is one of the largest, does over 600B per quarter in the globally and 12 figures yearly. Stripe needs to 6-7x its processing to be one of the largest.
- tomnipotent 4y agoWho said anything about being the largest? The question was whether they have sufficient data to make predictions about future trends, especially as it applies to their business.