Stripe, Advent offer to buy PayPal for more than $53B

Stripe, Advent offer to buy PayPal for more than $53B(reuters.com)

18 points by rvz 4 hours ago | 8 comments

mertbio 1 hour ago |

Paypal is quite popular in Germany but with Wero that popularity will decrease significantly. I expect that all around the Europe.

digitaltrees 4 hours ago |

Trying to create a monopoly before the lack of antitrust enforcement window closes.

dlcarrier 41 minutes ago | |

In the US, PayPal has nowhere near the adoption of other countries, for making payments directly between accounts, and Visa and Mastercard have enough regulatory capture to ensure it stays that way.

If there wasn't a regulation-ensured duopoly, everyone would be switching to RTP or FedNow which each charge 4.5¢ per transaction, without an additional commission.

ergocoder 1 hour ago | |

I doubt Stripe is anywhere near the monopoly status.

toomuchtodo 4 hours ago | |

No reason it can’t be broken apart in the future. States will likely file suit, as twelve already have regarding the Paramount Warner deal.

chirau 4 hours ago |

That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.

dlcarrier 35 minutes ago | |

If it's a card-not-present transaction, Visa or MasterCard is making the bulk of the commission and forcing the vendor to take on the risk of a transaction without a PIN or password.

At least the others offer the hope that maybe some customers will pay directly from a Stripe/PayPal account, without the high commission and high risk of a Visa/MasterCard network transaction.

SOLAR_FIELDS 3 hours ago | |

Convince who? There is no such thing as antitrust anymore in the USA, it’s merely the size of the bribe required to let the merger go through now

pstuart 3 hours ago | |

Gosh, with such efficiency of operations consumers will win because pricing of their services will be more efficient! Todays Feds will try selling that story.

lobito25 2 hours ago |

2 poo companies

goofy_lemur 3 hours ago |

I mean less competition is probably not good for anyone.

ergocoder 1 hour ago | |

Except for Stripe and other payment gateway companies, of course