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Interestingly enough, Stripe and WePay are not named while Balanced and Square are. Can anyone comment on why?

• neurotech1 13y ago
  IANAL: They are Payment Processors, technically serviced by banks, and not a Money Services Business. The difference between them and say AirBnBs transactional payment service is a technicality, but I'm not a lawyer.
• zackzackzack 13y ago
  1. They might actually know what they are doing or 2. they aren't doing payments of the sort that needs this sort of license.
  • count 13y ago
    Stripe is backed by Wells-Fargo, aren't they?
    • pjg 13y ago
      Stripe uses Wells Fargo as an underwriter for the Merchants it on-boards. Wells Fargo did not invest in their earliest rounds but may take an equity stake in later/future rounds.
• deleted 13y ago
  [deleted]