4 ms·

It seems to me like whole Western countries, especially Britain being outside the EU and Eurozone and with its own currency, ought to have at least one big dome

by xp84 5mo ago

It seems to me like whole Western countries, especially Britain being outside the EU and Eurozone and with its own currency, ought to have at least one big domestically-based option for something this fundamental. It’s an odd thing to have to rely on foreign countries for. Is there a company that’s basically like “Stripe but British-owned”?

aiisjustanif 5mo ago
Yes, the 3rd competitor to Stripe and Ayden being Checkout.com Also running payment processor per country would not be an easy feat or probably feasible.
gib444 5mo ago
> Is there a company that’s basically like “Stripe but British-owned”? British payment processors usually sell out / get taken over by US firms Checkout.com isn't terribly British just headquartered there (Swiss guy founded it in Singapore, tons of foreign investors). They opened a SF office last year, after a big US push prior, so if their financials stay adequate I imagine it'll be another that sells out to the US
- roryirvine 5mo ago
  Worldpay was the biggest by far, but it never really shook off its legacy image (it had its origins in a couple of 1980s-era payment gateways). Stripe had overtaken it by the mid 2010s, and it has since been dismembered and partially rebuilt by (American) private equity. The UK tends to punch well above its weight in FinTech, but PSPs are high-volume and very low margin so not really an attractive proposition unless you can be reasonably sure of grabbing a decent share of the global market.
  - gib444 5mo ago
    Yeah agree with the legacy image of Worldpay. The payment page is straight out of the early 00s. N.B. though, the Government does/did use Worldpay Started in 1997, got bought out by a US company in 2018. RIP. The founder, Nick Ogden claims "His career began when he pioneered ecommerce in 1994, inventing the first online shop, the Wine Warehouse." [0] Big if true! UK has a long, rich history of inventions. [0] https://uk.finance.yahoo.com/news/nick-ogden-founding-father-of-fintech-112839272.html https://uk.finance.yahoo.com/news/nick-ogden-founding-father...

by xp84 5mo ago

aiisjustanif 5mo ago

Yes, the 3rd competitor to Stripe and Ayden being Checkout.com Also running payment processor per country would not be an easy feat or probably feasible.

gib444 5mo ago

> Is there a company that’s basically like “Stripe but British-owned”? British payment processors usually sell out / get taken over by US firms Checkout.com isn't terribly British just headquartered there (Swiss guy founded it in Singapore, tons of foreign investors). They opened a SF office last year, after a big US push prior, so if their financials stay adequate I imagine it'll be another that sells out to the US

roryirvine 5mo ago
Worldpay was the biggest by far, but it never really shook off its legacy image (it had its origins in a couple of 1980s-era payment gateways). Stripe had overtaken it by the mid 2010s, and it has since been dismembered and partially rebuilt by (American) private equity. The UK tends to punch well above its weight in FinTech, but PSPs are high-volume and very low margin so not really an attractive proposition unless you can be reasonably sure of grabbing a decent share of the global market.
- gib444 5mo ago
  Yeah agree with the legacy image of Worldpay. The payment page is straight out of the early 00s. N.B. though, the Government does/did use Worldpay Started in 1997, got bought out by a US company in 2018. RIP. The founder, Nick Ogden claims "His career began when he pioneered ecommerce in 1994, inventing the first online shop, the Wine Warehouse." [0] Big if true! UK has a long, rich history of inventions. [0] https://uk.finance.yahoo.com/news/nick-ogden-founding-father-of-fintech-112839272.html https://uk.finance.yahoo.com/news/nick-ogden-founding-father...