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> What actually prevents Stripe from just being international? The need to partner with a local bank to provide merchant services/accounts. i.e. Pin Payments p
by elithrar 12y ago
> What actually prevents Stripe from just being international?
The need to partner with a local bank to provide merchant services/accounts. i.e. Pin Payments partners with NAB in Australia, with NAB setting up an "invisible to the user" merchant account. It's part of their model - you just deal with them, not the bank, not anybody else.
- benologist 12y agoI get that's what they do but why do they need to do that for each individual country instead of just running everything through their own bank + only subject to their own state/federal regulations?