4 ms·
Can someone explain how stripe/square can get around the merchant account requirement?
by siavosh 15y ago
Can someone explain how stripe/square can get around the merchant account requirement?
- lbotos 15y agoAs far as I understand it, Stripe IS your merchant account. They are similar to a Paypal type service. Does that help?
- bennylope 15y agoIf I'm not mistaken they provide the merchant account implicitly.
- EREFUNDO 15y agoThey are a third party payments aggregator (TPPA), just like PayPal when it started. They make it possible for merchants to accept credit card and bank transfers without the need to setup a merchant account with a bank or card association. The aggregator provides the means for facilitating payment from the consumer. The merchant is paid by the aggregator.